Nigerian airline companies have thanked President Bola Tinubu and Finance Minister Wale Edun for quickly stopping the plan to introduce a 4% Free on Board (FOB) fee on imports.
In a statement by its President, Abdulmunaf Sarina, the airline group said this decision shows that President Tinubu is serious about making Nigeria a better place to do business, protecting key industries, and supporting long-term economic growth.
Earlier, there had been strong opposition to the FOB fee from manufacturers, importers, and customs agents. Many warned that the new fee would make inflation worse.
Finance Minister Edun said on Monday that the fee, which was introduced by the Nigeria Customs Service, could harm trade, hurt the economy, and make Nigeria a less attractive place to do business.
Edun explained that the decision to suspend the fee came after many complaints from businesses. These groups said the fee would increase inflation, reduce Nigeria’s ability to compete in global markets, and scare away investors.
The Airline Operators of Nigeria (AON) praised Edun for being a “listening minister” and said his actions show patriotism, fairness, and a strong commitment to improving Nigeria’s economy.
Part of the statement said this move will help protect the aviation industry, save jobs, lower inflation, and help Nigeria stay competitive in international trade.
The airline group also said it is ready to work with the federal government to improve the aviation sector and support the President’s larger economic goals.
