The Airline Operators of Nigeria (AON) has said the four per cent Free on Board (FOB) levy earlier introduced on imports would safeguard the aviation sector, protect jobs, reduce inflationary pressures, and ensure that Nigeria remains competitive in the global business environment.
In a statement by AON, the body said the suspension is a clear demonstration of President Tinubu’s commitment to creating a business-friendly environment, protecting critical sectors of the economy, and promoting sustainable growth.
“The levy, if implemented, would have had severe consequences for airlines in Nigeria, leading to higher operating costs, further straining an industry already contending with multiple economic challenges.”
AON particularly lauded Wale Edun for his exemplary leadership as a listening Minister who has shown deep patriotism and responsiveness by heeding the concerns of stakeholders.
“His decision reflects a strong commitment to carrying out the mandate of the President with diligence, sensitivity, and fairness to all sectors of the economy.
The AON said the bold and thoughtful intervention will go a long way in safeguarding the aviation sector, protecting jobs, reducing inflationary pressures, and ensuring that Nigeria remains competitive in the global business environment.
AON reaffirmed its commitment to working closely with the government to strengthen the aviation industry and contribute to the realisation of President Tinubu’s vision for economic growth and national development.
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