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Home ยป FG tasks CBN to provide domestic airlines forex at single-digit interest rate
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FG tasks CBN to provide domestic airlines forex at single-digit interest rate

OsunDailyBy OsunDailyOctober 10, 2023No Comments1 Min Read
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eNaira: CBN responds to claim of Nigeria's digital currency causing financial threat
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The federal government has tasked the Central Bank of Nigeria to provide foreign exchange at a single-digit interest rate of 1.5 per cent to 2 per cent to domestic airline operators.

The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this on Monday when Airline Operators of Nigeria paid him a courtesy visit.

The Ministerโ€™s charge comes amid lingering forex scarcity in Nigeria.

โ€œThe ministry will liaise with the CBN to see how operators can get forex at a single-digit interest rate of 1.5 to two per cent as requested,โ€ he said.

He then called on the operators to ensure their airlinesโ€™ safety, stressing that this was key to the aviation industryโ€™s success.

Earlier, President, AON, Abdulmunaf Yunusa and his team asked the Minister to help end recurring forex and aviation fuel challenges.


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Airlines CBN Domestic Forex Interest provide Rate singledigit Tasks
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