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Rewane: Aviation infrastructure downward trend costs Nigeria $3.5 billion, domestic passenger decline in 2024
State govt. obsessed with airlines, airports Loss-making airlines rely on govt subsidies, suffer mismanagement, inefficiency The Chief Executive Officer of Financial Derivatives Company (FDC), Mr. Bismarck Rewane, stated that due to poor infrastructure, Nigeria’s aviation sector lost $3.5 billion in revenue between 2020 and 2022. Speaking at the 29th edition of the League of Airports and Aviation Correspondent (LAAC) annual conference with theme, “Aviation Financing in Nigeria: Risks, Opportunities and Prospect” held in…
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