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Experts: Lack of banks’ support hampers airlines’ growth
High interest rate by commercial banks, lack of alternative choice for credit facility and an over regulated financial system have been identified as some of the obstacles that hinder investment in the aviation industry. Also, Nigeria’s poor credit rating prevent international financiers that could give long term credit facility at single digit interest rate to those who may wish to invest in airline business from doing so. Speaking to Woleshadarenews in Lagos, Commissioner, Accident Investigation…
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