How aviation firms shared N5bn bailout fund, says document

Post Date : January 6, 2021

Exactly N 4, 995, 999, 999. 90 was disbursed to the aviation industry following the N 5bn COVID -19 palliative the Federal Government pledged to support the sector.

According to a document obtained by our correspondent , ground handling companies, scheduled and non – scheduled airline operators; the National Association of Travel Agencies , aviation fuel marketers as well as airport car hire services partook from the fund .
Scheduled operators received N 3bn with five per cent deduction for the Federal Airports Authority of Nigeria , the Nigeria Airspace Management Agency and Nigeria Civil Aviation Authority .

The deductions stand at 50 per cent for FAAN at N 75m ; NAMA 25 per cent at N 37. 5m and the NCAA also at 25 per cent for N 37. 5m . The total deduction from the share of scheduled operators stood at N 150m thereby leaving the scheduled operators with N 2. 85bn.

Non -scheduled operators received a total amount of N 1bn with a total deduction of N 950m to aviation agencies including FAAN , NAMA and NCAA.

Ground handling companies, aviation fuel marketers and catering services got N 233. 33m each .

The National Association of Travel Agencies received a total of N 196m with a N 4m deduction.

Airport Car Hire Association of Nigeria received from the ministry , N 100m .

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