Expect Air Fare Rise Due To Volatile Naira, Nigerians Told


The flying public should brace-up for increase in air fare given the floating of Naira that has necessitated rising airlines operational costs, Nigerians got alerted. Capt. John Ojikutu (rtd), general secretary of the Aviation Round Table Initiative (ARTI), made this disclosure in a recent media chat. The Central Bank of Nigeria (CBN), floated the Naira, making market forces to determine the exchange rate of the Naira to foreign currencies. With the rising Dollar rate, there would be increase in the operational cost of airline, especially, while acquiring spare parts and…

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