Respite as Keyamo suspends planned new air navigational charges 

Minister of Aviation and Aerospace Development, Festus Keyamo, has asked the Nigerian Airspace Management Agency (NAMA) to suspend its planned  increase in navigational charges, saying the decision his recognition of the current economic challenges faced by Nigerians.

The minister emphasized the need for further consultation before implementing any changes, highlighting the importance of being sensitive to the plight of Nigerians amidst these economic challenges.

The decision follows the keynote address by Engr. Farouk Ahmed Umar, Managing Director/CE of NAMA, at the League of Airports and Aviation Correspondents Annual Conference held in Lagos on July 26, 2024 with the theme: “Aviation Survivability amidst a Challenging Macro-Economic Environment.”

In his address, Engr. Farouk highlighted the significant economic pressures faced by the aviation industry, exacerbated by global economic volatility, fuel price hikes, and currency instability.

He outlined strategies for survival and growth, including operational efficiency, embracing innovation and technology, strengthening infrastructure, and fostering collaboration and partnerships.

The NAMA boss also discussed the financial challenges NAMA faces, noting that the agency relies on statutory fees and charges for managing the airspace. 

The Nigerian airspace management agency had proposed an increase in its fees and charges to sustain its operations and ensure the safety and efficiency of Nigeria’s airspace.