Emirates to suspend flights to Nigeria from September
The airline is struggling to repatriate funds after Nigeria restricted access to foreign currency
18 August 2022 - 20:52
byAgency Staff
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Dubai’s Emirates will suspend flights to Nigeria from September over an inability to repatriate funds from Africa’s most populous nation, the airline said on Thursday.
The decision highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa for several of them.
The country has restricted access to foreign currency for imports and for investors seeking to repatriate their profits due to a shortage of dollars. Nigeria gets about 90% of its foreign exchange from oil, but is struggling to produce due to pipeline theft and years of underinvestment.
The International Air Transport Association said in June Nigeria was withholding $450m in revenue that international carriers operating in the country had earned.
Emirates said it had made no progress in efforts to initiate dialogue with the relevant authorities for their urgent intervention.
"Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market," it said in a statement.
A federal ministry of aviation spokesperson did not immediately respond to a request for comment.
Emirates had earlier sent a letter to the government saying it could cut flights to Lagos in August because it could not get $85m stuck in the country as of July, a figure that had been rising by $10m per month.
Emirates said it would re-evaluate its decision if the situation over the blocked funds changed in the coming days.
Affected customers would be helped to make alternative travel arrangements where possible, it added.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Emirates to suspend flights to Nigeria from September
The airline is struggling to repatriate funds after Nigeria restricted access to foreign currency
Dubai’s Emirates will suspend flights to Nigeria from September over an inability to repatriate funds from Africa’s most populous nation, the airline said on Thursday.
The decision highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa for several of them.
The country has restricted access to foreign currency for imports and for investors seeking to repatriate their profits due to a shortage of dollars. Nigeria gets about 90% of its foreign exchange from oil, but is struggling to produce due to pipeline theft and years of underinvestment.
The International Air Transport Association said in June Nigeria was withholding $450m in revenue that international carriers operating in the country had earned.
Emirates said it had made no progress in efforts to initiate dialogue with the relevant authorities for their urgent intervention.
"Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market," it said in a statement.
A federal ministry of aviation spokesperson did not immediately respond to a request for comment.
Emirates had earlier sent a letter to the government saying it could cut flights to Lagos in August because it could not get $85m stuck in the country as of July, a figure that had been rising by $10m per month.
Emirates said it would re-evaluate its decision if the situation over the blocked funds changed in the coming days.
Affected customers would be helped to make alternative travel arrangements where possible, it added.
Reuters
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