The Airlines Operators of Nigeria has appealed to the Federal Government for immediate access to the N50 billion COVID-19 Intervention Fund with the Central Bank of Nigeria at five per cent interest rate.
Captain Nogie Meggison, the AON Chairman, made the appeal in a statement issued in Lagos on Monday.
Meggison said it was part of the association’s plan to ensure the survival of the sector, once the COVID-19 pandemic was over and economic activities resumed.
He said: “We appreciate the CBN’s approval of N1.1 trillion stimulus and the recent N50 billion COVID-19 Intervention Fund to jumpstart the economy.
“AON would appreciate immediate and simple access of the funds to Aviation at an interest rate of not more than five per cent.
“Also, some quick low hanging palliatives that the Federal Government may consider to mitigate the impact of the pandemic on the Nigerian economy and the aviation sector include implementation of President Muhammadu Buhari’s Executive Order on Removal of VAT from all forms of transportation.
