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98% aviation spend depends on forex –Experts
Factors ranging from increase in Jet A1 (aviation fuel) to its non-availability, down to access to foreign exchange to do business in aviation in Nigeria, is said to be 98 per cent dependent on foreign exchange. This, coupled with multiple charges that airlines have to bear, has made aviation business in Nigerian cumbersome and not looking good for the sub-sector. Experts in the aviation sector who spoke to Woleshadare.net noted that the new reality…
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