President Bola Ahmed Tinubu has approved a series of relief measures for Nigeria’s struggling aviation sector, following a steep rise in the cost of Jet A1 fuel.

The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the development after an emergency meeting with key industry stakeholders, including representatives of the Federal Ministry of Petroleum Resources, airline operators, and oil marketers.

According to Keyamo, the President sanctioned a substantial discount on outstanding financial obligations owed by airline operators to the Federal Government. The move is aimed at easing immediate financial strain and preventing disruptions to flight operations nationwide.

He further revealed that a presidential committee will soon be constituted to review and rationalise the multiple taxes and levies currently embedded in airfares. The planned reforms are expected to lower operating costs for airlines and moderate ticket prices for passengers.

The intervention follows sustained complaints from operators over the skyrocketing price of aviation fuel, widely regarded as the most critical cost driver in the industry. Airlines have warned that without urgent government action, the situation could trigger widespread service cutbacks and destabilise the sector.