Iyayi: Nigeria’s 31 airports, 91 airstrips not adding value to GDP
Nigeria’s aviation industry is being weighed down by multiple taxes, fees and charges, while the country’s extensive airport infrastructure is failing to generate the economic value expected from it, according to Roland Iyayi, Managing Director/CEO of Topbrass Aviation and a member of the Airline Operators of Nigeria (AON). Iyayi said the continued imposition of charges […]
Nigeria's aviation sector is grappling with excessive taxes, fees, and charges, according to Roland Iyayi, the Managing Director/CEO of Topbrass Aviation and a representative of the Airline Operators of Nigeria (AON). In a recent panel discussion at the 30th annual conference of the League of Airport and Aviation Correspondents (LAAC), Iyayi expressed concern that these financial burdens are hindering the industry's growth and long-term viability, especially when airlines are already facing significant increases in fuel costs and other operational expenses.
At the event, titled "Towards a Sustainable Aviation Industry: Balancing Government Revenue Demands with Sector Growth," Iyayi pointed out that Nigeria boasts 31 airports and approximately 91 airstrips, but he emphasized that many of these facilities are not contributing significantly to the country's Gross Domestic Product (GDP) due to a lack of infrastructure necessary for consistent commercial operations.
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