Business
Arik Airline Explains Exit Of Airlines From Nigeria
The Managing Director of Arik Airline, Mr Alex Elk, said that poor revenue generation was responsible for exit of some airlines from the country.
This assertion is contained in the September edition of Africa Travel Journal, obtained by The Tide source in Abuja on Wednesday.
According to the journal, most Nigerian airlines go to their early exit because of mistakes associated with poor revenue generation and acquisition of aging aircraft.
“Others are lack of good reservation systems and heavy cost of overheads as well as ambitious route networks,’’ it said.
Elk was quoted to have said that Nigerians would soon witness low airfares to any destination within the country.
He said that he was determined to float a profitable low cost airline in Nigeria, noting that there was huge potential in the country’s aviation industry.
“We are mobilising French investors for this purpose and we promised that it will become operational in the next 10 months.
“We have made contacts with Nigerian authorities and they are quite pleased with our plans, and assured us of government support,’’ he said.
Elk stressed that the airline would succeed because it would be devoid of the mistakes associated with most Nigerian airlines which usually lead to their early exit.
The emergence of low cost carrier, he said, would not venture into unprofitable routes and would be run professionally with the right caliber of staff.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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