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Nigeria Loses $5bn Annually to Lopsided Bilateral Agreements

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Nigeria loses over $5 billion annually in the aviation industry which includes about $2 billion repatriated per annum by foreign airlines and unserviced Bilateral Air Service Agreement (BASA).

This unfortunate incident occurs because the country does not have major airlines to reciprocate flight services to countries whose airlines operate in Nigeria.

The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Muhtar Usman, who disclosed this, told THISDAY in an exclusive interview on Tuesday, that such huge amount of loss was because Nigeria does not have major airlines to take advantage of the huge opportunities in the aviation market.

The market has a very high potential and is expected to double in the next 10 years.

THISDAY, June 15, 2018

 

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