{"id":40951,"date":"2022-08-29T09:50:00","date_gmt":"2022-08-29T09:50:00","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=40951"},"modified":"2022-08-29T09:50:00","modified_gmt":"2022-08-29T09:50:00","slug":"aviation-experts-commend-cbn-for-remitting-outstanding-ticket-sales","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/29\/aviation-experts-commend-cbn-for-remitting-outstanding-ticket-sales\/","title":{"rendered":"Aviation experts commend CBN for remitting outstanding ticket sales"},"content":{"rendered":"

Some experts in the aviation sector have commended the Central Bank of Nigeria (CBN)<\/strong><\/a> for releasing 265 million dollars to airlines operating in the country to settle outstanding ticket sales.<\/p>\n

The experts gave the commendation on Sunday while speaking with the News Agency of Nigeria (NAN) in Abuja.<\/p>\n

According to them, some foreign airlines, including Emirates Airlines that announced a planned suspension of flights to Nigeria from Sept.1, will possibly review their decision.<\/p>\n

Group Capt. John Ojikutu, a former Commandant of the Murtala Muhammad Airport<\/strong><\/a>, Lagos, who praised CBN for the remittance, also urged the institution to keep making things easy for any company repatriating its funds from Nigeria.<\/p>\n

\u201cObligations in international commercial aviation are done or returned in dollars. These airlines pay our public and private services providers in dollars, why would they not take back home in dollars their sales in naira?<\/p>\n

\u201c It is also a vault face by those in government administration who cannot account for the dollars earned in commercial aviation from these airlines, \u201c he said.<\/p>\n

Also speaking with NAN, Capt. Wale Otubanjo, an official of Accident Investigation Bureau (AIB),<\/strong><\/a> who commended CBN for recent payment to foreign airlines, described the effort as a wise step.<\/p>\n

Otubanjo explained that the CBN action would end the current crisis rocking the aviation sector.<\/p>\n

\u201cEffective and efficient proper disbursement of foreign exchange to appropriate investors in Nigeria ought to be put in place.<\/p>\n

\u201c Airplane spares are not sold in Naira, so we expect Central Bank of Nigeria to make it a priority to disburse the foreign exchange to operators, to enhance safety of travelling public.\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"

Some experts in the aviation sector have commended the Central Bank of Nigeria (CBN) for releasing 265 million dollars to airlines operating in the country to settle outstanding ticket sales. The experts gave the commendation on Sunday while speaking with the News Agency of Nigeria (NAN) in Abuja. According to them, some foreign airlines, including […]<\/p>\n","protected":false},"author":32,"featured_media":40997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[7],"tags":[2973,6071,3346],"class_list":["post-40951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-central-bank-of-nigeria-cbn","tag-federal-airport-authority","tag-ministry-of-aviation"],"yoast_head":"\nAviation experts commend CBN for remitting outstanding ticket sales » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/?p=40951\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aviation experts commend CBN for remitting outstanding ticket sales\" \/>\n<meta property=\"og:description\" content=\"Some experts in the aviation sector have commended the Central Bank of Nigeria (CBN) for releasing 265 million dollars to airlines operating in the country to settle outstanding ticket sales. 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