COVID-19: FG disbursed N2.8bn to Air Peace, Arik – Minister

Minister of state for budget and planning, Prince Clem Agba has disclosed that the federal government disbursed N2.84 billion as COVID-19 stimulus package to seven local airlines.

The minister also disclosed that the seven airlines include Aero, Air Peace, Arik, Azman, Dana, Max Air, and Overland.

Recall that the federal government last year approved N4 billion to local airline operators and N1 billion to other businesses within the aviation industry under the economic sustainability plan (ESP).

Agba said this during a virtual meeting with the economic sustainability committee on Monday.

He said N5 billion was released to support local airlines, ground handlers and other aviation-allied businesses.

“Seven scheduled operators, comprising Dana, Overland, Air peace, Azman, Aero, Arik and Max Air received N2.84 billion; 20 non-scheduled operators, comprising Cargo and Private Jet Services received N949,909,000,” he said.

“Five ground handling operators, including NAHCO, SAHCO, Presion Aviation, Batuke Resources Ltd and Swissport Intl Ltd, received N233,333,000.

“The National Association of Nigerian Travel Agencies received N196 million; Airport Car Hire Association of Nigeria (ACHAN) received N196 million.

“Seven In-Flight Catering Services Operators received N233,333,000, and Aviation Fuel Operators received N233,333,000.”

In June 2020, the federal government mapped out an economic plan with a $2.3 trillion stimulus package to support the economy, preserve and create jobs, protect the poor and vulnerable groups, and cater to sectors worst hit by COVID-19 pandemic.


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