Aviation
Aviation Fuel Price Skyrockets To N300 Per Litre
The price of Jet A1, otherwise known as aviation fuel in the local parlance, jumped to over N300 per litre in Nigeria, especially in the Northern part of the country.
The product however still sells at N240 and N250 per litre in Lagos, depending on the independent marketer an airline is purchasing from.
The skyrocketing price of the product has led to some of the airlines especially the foreign ones purchasing Jet A1 outside the country, most especially in neighbouring Ghana where the product is cheaper and more available.
Despite the high price of Jet A1, the product is still scarce in the local market, a situation, which had compelled the indigenous airlines to increase their airfares by about 30 per cent increase in recent times.
A source close to one of the airlines, confided in INDEPENDENT that the product is sold at N300 and N320 per litre in Kano, Kaduna, Bauchi, Sokoto, Maiduguri, Yola, Ilorin, Minna and a few states in the North, while the product goes for N240 and N250 in Lagos.
Aviation fuel like diesel and kerosene has been deregulated by the Federal Government about 10 years ago, which enable marketers to set their prices for the product.
Just a few months ago, a litre of the product went for about N250 in the north, while it sold for N220 and N230 in Lagos.
About three years ago, a litre of Jet A1 went for N120 in the local market, implying that the cost has risen by over 100 per cent in Lagos since 2016.
In oil-rich Saudi Arabia, for instance, local carriers still pay 20 cents per litre, while foreign airlines pay 41 cents in the past five years.
Mr. Obi Mbanuzuo, the Chief Operating Officer (COO), Dana Air in an interview with our correspondent, confirmed the high price of the product in the local market.
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Aviation Professionals Want Agencies Boards’ Inauguration
As a measure to curb corruption and restore accountability, the Association of Nigeria Aviation Professionals (ANAP), has called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to push for the urgent formation and inauguration of governing boards for all other aviation agencies.
ANAP’s Secretary General, AbdulRasaq Saidu, made this call at the weekend when interacting with aviation correspondents, in reaction to recent inauguration of Board of the Federal Airports Authority of Nigeria (FAAN).
Keyamo had recently inaugurated the FAAN board, more than six months after its members were appointed by President Bola Tinubu, where Dr. Umar Ganduje was named Board Chairman, with FAAN’s Managing Director, Olubunmi Kuku, as the Vice Chairman.
Other board members include representatives from the Ministries of Justice, Defence, Tourism, and Aviation, as well as professionals from the Nigerian College of Aviation Technology, and FAAN’s legal department.
The ANAP scribe there urged the aviation Minister not to stop at FAAN but to ensure that all aviation parastatals are given functional boards to restore order and credibility to the sector.
He, however, commended Keyamo for recently inaugurating the board of the Federal Airports Authority of Nigeria but stressed that more needed to be done.
Saidu also warned that the continued delay in constituting boards for other aviation agencies creates room for unchecked abuses, including illegal contracts, fraudulent employment practices, and mismanagement.
“The absence of governing boards violates the enabling Acts that established these agencies. Only properly constituted boards can enforce discipline, ensure due process in decision-making, and provide oversight to prevent corruption”, Saidu said.
He emphasised that the aviation unions, including ANAP, have consistently raised concerns about poor governance and lack of transparency within the aviation system.
He called on President Bola Tinubu to act swiftly by appointing board members for all relevant agencies, in the interest of fairness and aviation safety.
Saidu also tackled the former Minister of Aviation, Senator Hadi Sirika, for failing to inaugurate any boards during his eight-year tenure, despite appointments being made by former President Muhammadu Buhari.
“ANAP raised the alarm several times under Sirika’s leadership, but nothing changed. That lapse has continued under the current administration, and it must be addressed now”, Saidu stated.
By: Corlins Walter
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