For awhile now the Nigerian aviation industry has lamented over the high custom duties paid on aircraft parts to custom. Well seems like our prayers have been answered, as the President Goodluck Ebele Jonathan has approved the removal of tariff on airplane parts. Aviation Parastatals have described the Presidents efforts as a welcome development that will further boost investment in the aviation industry.
The Communications and Public Affairs Manager of the Federal Airport Authority of Nigeria, FAAN, Mr. Yakubu Dati says the action of the federal government will further encourage investors and also reduce the financial burden on airline passengers.
Mr. Yakubu further added that the challenge of security at the nation’s airports is being addressed with the re-modeling exercise embarked upon by the ministry of aviation and the new terminals being constructed.
President Goodluck Jonathan had in his budget proposal speech announced the removal of levies and import duties on spare parts of aero planes and other related materials.
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