Airlines in Nigeria are increasing ticket prices. Now you can connect to my post where I noted thus: “The number of active aircrafts parked in Nigeria’s leading local airport at 9pm have dropped by more than 30% from Jan 2023 numbers. “
Of course, if the supply chain is muted in an economy at this scale, that economy fades. It is possible that the aviation sector will need federal support. The private hospitals and clinics just noted that they’re off by 50% as many have closed shops; most Nigerians have no funds to go to hospitals.
(It may be time to use the savings from USD floating and fuel subsidy removal to support these sectors)
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We are in the second year, with 13 more years to go, as the World Bank has explained that the impacts of recent reforms will become positively evident in about 15 years. So, adjust well because we are not airborne yet, still taxing on the tarmac.
But who knows, a judge can rule that Air Peace cannot increase prices. So, there is still hope as the judiciary can bring all the support. One can even rule that $1 is now N400. They have the power and can make all the issues disappear.
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