Two years after the federal government cleared foreign airlines’ trapped funds in Nigeria, airfares from Nigeria to various destinations have remained expensive. The International Air Transport Association (IATA) recently reported that $1.3 billion in airline funds is blocked from repatriation by governments at the end of April 2025, with Nigeria missing on the list. This is a significant amount, although it is an improvement of 25 percent compared with $1.7 billion reported for October 2024. Top 10 countries with trapped funds in IATA’s
Two years after the federal government cleared foreign airlines’ trapped funds in Nigeria, airfares from Nigeria to various destinations have remained expensive. The International Air Transport Association (IATA) recently reported that $1.3 billion in airline funds is blocked from repatriation by governments at the end of April 2025, with Nigeria missing on the list. This is a significant amount, although it is an improvement of 25 percent compared with $1.7 billion reported for October 2024. Top 10 countries with trapped funds in IATA’s