Trap

Nigeria’s aviation sector is operating on life support. Beneath the gleaming veneer of terminal upgrades and the seemingly bubbling activities lies a structurally compromised industry quietly choking on a mountain of uncollectible debt, writes WOLE SHADARE ​A thorough investigation into the balance sheets of local airlines reveals a toxic, multi-billion-naira debt portfolio owed to the Nigerian Civil Aviation Authority (NCAA), the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA), aviation ground handling…