N396/N400 (updated 24.3.17:close)
buying/selling naira exchange rates per USD
Thursday, 20 October 2016

The National Assembly has suggested that a high number of plane crashes might occur unless something is done about the current situation of the aviation industry in Nigeria.

Following a motion titled "Disturbing Development in the Nigerian Aviation Industry" which was filed by Senator Dino Melaye, Senate Minority Leader, Godswill Akpabio added that airlines lack forex to maintain and service their aircrafts and this might lead to air crashes.

His words:
"These problems are caused by policies of government. Monetary policies of government have not allowed the airlines to operate.

"Section 14(2) of the 1999 Constitution as amended says that government must ensure the security and welfare of the people.

"We are likely to have a spectre of crashes because most airlines cannot access foreign exchange to service their aircrafts."
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