Thursday, May 19, 2022

Reps Secure 6m Litres Of Aviation Fuel For Airlines, Seek Permanent Solution

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Leaders of the House of Representatives met with airline operators and key stakeholders to solve the problem of aviation fuel scarcity at the National Assembly on May 9, 2022.
The House of Representatives on Monday secured the cooperation of the Nigerian National Petroleum Corporation (NNPC) to make available six million litres of JetA1 (aviation fuel) to aviation fuel marketers chosen by the Airlines Operators of Nigeria (AON).

The deal was struck at a meeting with AON representatives at the National Assembly.

Stakeholders present at the meeting included the representatives of the Federal Ministry of Petroleum Resources, Ministry of Aviation, Central Bank of Nigeria (CBN), NNPC, Midstream and Downstream Petroleum Regulatory Authority, the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Authority (NAMA), among others.

The AON had threatened to shutdown local airline services on Monday but withdrew the threat on Sunday under pressure from the Federal Government.

The airline operators say rising cost of key inputs such as aviation fuel necessitated the intended shutdown.

Part of the resolutions reached at Monday’s meeting, which lasted for over three hours, include that, as a long term solution, the airline operators must commence, as soon as possible, the process of securing a license for the importation of aviation fuel to avoid suspicion over the landing cost of the product and other associated logistic issues.

The Midstream and Downstream Petroleum Regulatory Authority was also mandated to, as much as possible, grant waivers that do not touch on the security and safety of the country for importers of the products.

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