An aviation analyst called on Federal government to give stimulus packages in form of fiscal relief package for the survival of airlines in Nigeria and their ability to contest at the global market.
Dr. Daniel Young while making a contributions on one of the leading Aviation platforms in Nigeria, Aviation policy and strategy, on how the Federal government can empower business of domestic airlines in Nigeria for global market said, “Stimulating airline business in Nigeria for global competiviveness requires more than one-off disbursement of palliatives.”
Daniel explained further, “it calls for a robust stimulus package, carefully crafted to contain the multiple economic shocks that airlines go through because of the epileptic performance of Naira in the market.
He warned, “Arik, Aero and many other airlines on the brink of death may not survive, no matter how much the government inject, unless there are other ways of helping them cushion the effects of economic down turns beyond paltry handouts of cash.”
The analyst who reasoned that many industry experts had offered brilliant suggestions to government on how to solve the problem, however, insisted that all the government needed is the political will to implement the suggestions.
“Though, Many on this platform have come up with very brilliant suggestions which l believe should provide pathways to success. What remains now is the political will to bring together all these good strategems and turn them to implementable blue prints with clear timelines.
The Aviation analyst further explained, “But you need to understand that it is the duty of government to provide a congenial environment for these airlines to perform well. (You cannot honestly say that the government has played her part). The demand for an economic stimulus package for airlines is consistent with global best practices world over, especially at this time. These come in form of tax rebates, rent free incentives, subsidies and so many strong fiscal policies calculated to drive economic growth- leveraging the activities of airlines.”
He added, “The multiple death of airlines in Nigeria should be a source of worry to everyone in the industry. As we speak, all the airlines in Nigeria, with no exceptions, may be technically dead if the price of dollar continues to rise as it is now”.
I would want to be part of the platform: Aviation Policy and Strategy.
Thank you.