Opinion
Before Foreign Airlines Leave Nigeria…
There are reports that
most of the foreign airlines are considering shuttng down operations in Nigeria routes. It would be recalled that foreign airlines have been having difficulties repatriating their earnings due to the new forex regime of the federal government.
Foreign airlines, according to reports, were also planning to sack about 2,000 Nigerian workers due to what they claimed is their inability to transfer their earnings to their respective home countries to meet operational costs in accordance with international rules because of new CBN policy on forex and fund transfer.
Already, two foreign carriers namely: Iberia and United Airlines have announced their exit from Nigeria routes, citing operational and financial challenges due to the financial predicaments brought upon them by the CBN forex policy, which prevented them from repatriating their proceeds made in Nigeria for many months now. Other carriers are Ethihad Airlines, Qatar Airlines and Air France which have issued notice to the Ministry of Aviation to restrict flights to Nigeria if the current foreign exchange policy is not reviewed.
In reaction to this development, recently, the International Aviation Transport Association (IATA) called on the Nigerian government to ease and facilitate the repatriation of funds by foreign airlines in keeping with international agreements. Mr Tony Tyler, IATA’s Director-General and CEO gave the charge to Nigerian government and Venezuela counterpart and other oil producing countries who have been badly affected by the sudden drop in the price of oil, necessitating those countries coming up with stringent foreign exchange policies.
Against this backdrop, it has become necessary to call on the Federal Government to apply its wisdom to prevent anything that will further plunge the country’s economy.
Aviation is a good economic activity and it is good to use it to build Nigeria’s struggling economy. Every effort should be made to expand our aviation industry and develop it profitably. Profitable growth is the objective and it is achieveable only by the combined efforts of government, regulatory bodies, airline managementsand the public at large.
Civil aviation is a major foreign exchange earner for the country. The Nigeria Civil aviation industry earns millions of dollar on daily basis from it. It is well known that a good chunk of the country’s air travels is done by foreign airlines. Great loss would therefore be suffered if foreign airlines stop to ply the routes of Nigeria.
It could be counter-productive to allow foreign airlines leave the Nigeria routes in view of the importance of the country in the world’s economic map. Nigeria cannot afford to create any vacuum in the airspace by shutting out foreign airlines from plying its routes.
However, foreign airlines operators should also endeavour to adjust their policies to the economic realities in Nigeria. They should be able to make some sacrifice in the face of the present condition they find themselves in Nigeria and not to withdraw their flights. No country is an island in terms of business, so it is only possible to achieve success if people are prepared to make sacrifice.
Of course, we must all accept that imposing stringent policies on airlines is not too good. But we should understand that the government has the right to take action that would enhance its economic prosperity.
The new change in exchange forex by Nigerian government is temporary and not intended to undermine the operations of foreign airlines. It is a measure to improve the country’s economy as a result of the present global economic downturn.
However, the Nigerian government should on its part devise means that will make aviation business attractive to foreigners. It is on this note that I welcome the flexible forex regime recently introduced by the federal government.
Having come up with a more favourable foreign exchange policy, Nigerian government should now find a way by which airlines can access funds just as Kenya and the United States have done by injecting billions of dollars into their airline business. They did it to jump-start their aviation sectors in order to keep their economies going. Nigeria should follow suit.
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Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
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