18 May LEGAL IMPLICATIONS OF THE COVID-19 PANDEMIC ON THE NIGERIAN AVIATION SECTOR
Revenue(s) generated from air transportation and related activities is a major contributor to the Nigerian Gross Domestic Product (GDP). However, the current COVID-19 pandemic in Nigeria has greatly affected the activities of the aviation sector.
According to Captain Nogie Megisson, the Chairman of Airline Operators of Nigeria (AON), the continuously ravaging pandemic has cost domestic carriers the sum of N360 billion, with about 120 aircraft currently grounded at various airports across the country. It is further anticipated that this amount is likely to double if the pandemic is not curbed. This cost does not include the operational costs for servicing the 120 aircraft parked for months with no known timeline to resume operations.
Beyond the uncertainty of the future of domestic airlines, the future of the respective aviation agencies is equally unknown because all avenues for revenue generation have been affected by indefinite airport closures.
The federal government recently announced the extension of the current closure of airports and flights into the country by four weeks after assessing the current impact of the pandemic on the economy and more specifically, the aviation…continue reading