Federal government is currently holding $283 million worth of foreign airlines’ funds in the country. The funds are proceeds from sales of foreign airlines’ tickets among others that are trapped in Nigeria.
This was disclosed by the Minister of Aviation, Hadi Sirika, during the commissioning of the new international terminal of the Murtala Muhammed Airport, Lagos on Tuesday.
According to him, the sector needs the support of the Central Bank of Nigeria (CBN) through the directives of President Muhammadu Buhari, to aid access of both local and foreign airlines to foreign exchange.
