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HomeBusinessN22bn Debt: NCAA, Airlines Find Middle Ground On Repayment Plan

N22bn Debt: NCAA, Airlines Find Middle Ground On Repayment Plan

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By Babajide Okeowo

The management of the Nigerian Civil Aviation Authority (NCAA) has met with airline operators in the country to iron out a repayment plan on the N22 billion debt owed to the agency.

This was disclosed by the Director-General, NCAA, Captain Musa Nuhu, according to a source in the agency who spoke on the condition of anonymity.

“We had a meeting with the operators on the issue of the debt collection and agreed to notify each airline on the level of debt that they have.

We will sit down with them and do the reconciliation. We will then implement a payment plan. We do not expect everyone to pay all their money at a go because of the difficulties in the industry and economic downturn” the source disclosed.

Recall that domestic carriers owe the agencies $6.9 million and N19.6 billion respectively.

This includes a 5% charge from the NCAA, passenger service charge, landing and parking fees to the Federal Airports Authority of Nigeria (FAAN), and overflight charges to the National Airspace Management Agency (NAMA).

The NCAA boss assured that the regulator understands the difficulty brought by the pandemic and will institute a payment plan that will be favorable to both the agency and operators.

Recall that the Minister of Aviation, Hadi Sirika had last November disclosed that the debts of Nigerian airlines over the last 10 years to aviation agencies are worth over N22 billion.

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