Grounding

Nigeria’s civil aviation ecosystem is locked in a structural debt conundrum. This financial strain stems from a fundamental structural mismatch: revenue is earned locally in Naira, while over 70% of operational costs are denominated in US dollars, writes WOLE SHADARE The structural debt crisis in Nigeria’s civil aviation industry stems from systemic macroeconomic pressures, liquidity bottlenecks, exchange rate volatility, and operational cash flow strains across airline balance sheets. Using Air Peace and XEJet as case…