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Published April 19, 2026aviationbusinesseconomy

FG Urges Restraint On Planned Airfare Hike, Suspension Of Flights By Air Operators

FG Urges Restraint On Planned Airfare Hike, Suspension Of Flights By Air Operators

Source-backed market reading focused on the local industrial developments, project signals, and operating consequences that are actually worth tracking.

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Amid the rise in the cost of aviation fuel, the Federal Government has appealed to airline operators to exercise restraint with respect to any proposed increase in airfares or suspension of air operations. READ ALSO: Marketers Blame Jet A1 Price Hike On Middle East Crisis, Fault AON’s ₦3,300/Litre Claim In a letter addressed to the Airline Operators of Nigeria (AON) and signed by the Minister of Aviation and Aerospace Development, Festus Keyamo, it said it was aware of the “sudden hike” in Jet A1 fuel from ₦900 per liter as at February 28, 2026, to ₦3,300 per liter as of April 16, 2026, representing a 300 per cent increase.

The government said that while the prevailing cost mounts pressure on private air operations, any immediate upward adjustment in ticket prices would impose significant hardship on the travelling public, potentially depress demand, and limit accessibility to air transport for a broad segment of Nigerians.

“Secondly, I appeal for the reconsideration of any planned suspension of flight operations. Such action would have far-reaching adverse implications for the national economy, disrupt critical mobility and logistics networks, erode public confidence, and undermine the progress recorded under the ongoing reforms within the aviation sector,” Kayamo said in the letter.

The minister noted that the venue and time would be communicated in due course. While commending the resilience, professionalism, and steadfast commitment of air operator in sustaining air transport services under evidently difficult conditions, he reiterated that the administration of President Bola Tinubu accords the aviation sector the highest strategic importance.

“In line with the provisions of the Civil Aviation Act, 2022, the sector remains a critical national asset essential to trade facilitation, national security, employment generation, and overall economic integration. You will also acknowledge that the Government of President Bola Ahmed Tinubu has initiated unprecedented reforms in the sector aimed at supporting the growth and sustenance of the businesses of local operators.

“I wish to formally assure you that the concerns raised by your members have received the full attention of the Federal Government, and we shall take immediate steps to address the issues,” the minister added. Airline operators had warned that airlines across the country might suspend operations from April 20, 2026, over what they described as an “astronomical and unsustainable” rise in the price of Jet A1 fuel.

In a letter dated April 14, 2026, to major energies marketers, the operators, under the AON, said the cost of aviation fuel has surged from ₦900 per litre as of February 28 to ₦3,300 per litre — an increase of over 300 per cent within weeks.

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FG Urges Restraint On Planned Airfare Hike, Suspension Of Flights By Air Operators

Source: Channels TV Business RSS

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FG Urges Restraint On Planned Airfare Hike, Suspension Of Flights By Air Operators

Published source

Document: Channels TV Business RSS · Source: Channels TV Business RSS

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