President Bola Ahmed Tinubu has thrown local airlines a 30% debt lifeline and issued a 72-hour deadline to hammer out a “fair” jet fuel price, as operators warn of a looming shutdown.
Aviation Minister Festus Keyamo disclosed this on Thursday, April 23, that President Tinubu approved the debt relief on money owed to aviation agencies, seeking to ease pressure on carriers battered by a 300% spike in jet fuel costs.
With airlines threatening to hike fares or ground flights, the President has ordered urgent talks between fuel marketers, airline operators, and regulators.
The meeting must happen within 48–72 hours and produce a “fair and reasonable” pricing template, Keyamo said. The outcome will be made public.
