The Minister of Aviation, Senator Hadi Sirika said the Nigerian Government will be disbursing N5bn to the aviation sector to help the sector’s loss in the COVID-19 pandemic.
He explained that the FG approved 4bn to the airlines and 1bn for others in the aviation sector.
“The Federal Government has approved N4bn as bailout for the airlines and N1bn for other businesses within the civil aviation.”
The Aviation Minister noted that the disbursement will be done in an open manner.
“We are already putting arrangements for the disbursement in place and once we start, it would be transparently done,” he said.
However, the Senate Committee on Aviation disagrees with the Federal Government’s plan stressing that the 4bn won’t be able to maintain the sector in business as it is too small.
The Committee Chairman, Senator Smart Adeyemi, during the public hearing of the six executive bills to rearrange the aviation, said the FG should give them essential support by shoring up the amount.
Adeyemi said, “If we really want to keep the airline operators in business, and we don’t want them to close shops and go home, the Federal Government should shore up the amount.
“If you want to keep the airlines in business and you don’t want them to start cutting corners, there is a need to look at the airlines with a view to giving them substantive support.”
Sirika, acknowledging the Chairman’s responds to the FG’s support, appealed to the National Assembly to help in the increment of the approved amount.