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International airlines to reduce flights to Nigeria by next year – THISDAY

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International airlines to reduce flights to Nigeria by next year – THISDAY

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International airlines that operate to different destinations in Nigeria, plan to reduce flights to Nigeria from early 2016, citing Nigeria’s slowing economy amid scarcity of foreign exchange. They’re said to be 
aggrieved that they cannot exchange billions of revenue in Naira in their possession to dollars and repatriate to their various countries because of the new fiscal policies of the CBN.
The International Air Transport Association (IATA), recently pleaded with the Governor of CBN, Godwin Emiefele to intervene in the matter and make dollars available to the airlines. Nothing has been gone anything yet; although he gave assurances to the world body. The foreign airlines also had met with the Minister of Transportation, Chibuike Amaechi, and urged him to look into their case but nothing concrete has been done on the matter.
THISDAY gathered that from March 2016, British Airways would reduce its flights to Nigeria by bringing in aircraft with smaller capacity than the traditional Boeing 747, which operates the lucrative Lagos-London route.
Other airline may follow suit or reschedule and reduce the number of flights to Nigeria and those which have not been recording high load factor in the Nigerian route may stop flights to the country
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