Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Surge 14% in 5 Days over Hormuz Concerns

    July 17, 2026

    Naira Rallies as Cardoso Reveals Net FX Reserves Top $40bn

    July 17, 2026

    Transcorp Power Reports Resilient H1 2026 Performance Amid Power Sector Challenges

    July 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Surge 14% in 5 Days over Hormuz Concerns
    • Naira Rallies as Cardoso Reveals Net FX Reserves Top $40bn
    • Transcorp Power Reports Resilient H1 2026 Performance Amid Power Sector Challenges
    • FirstHoldco Hits 52-Week High on Fresh Price Discovery
    • Nigerian Stock Market Expands by N849bn on Tier-1 Banks Rally
    • Targeted Policy Response Keeps UAE Economy Resilient – IMF
    • XRP Dips as Wall Street Giant T. Rowe Price Launches XRP ETF
    • South African Rand Softens as Markets Digest US Economic Data
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, July 18
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Reps Push For Lower Air Fares, Target Airport Charges, Taxes

    Reps Push For Lower Air Fares, Target Airport Charges, Taxes

    Julius AlagbeBy Julius AlagbeDecember 11, 2025 News No Comments2 Mins Read
    Reps Push For Lower Air Fares, Target Airport Charges, Taxes
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Reps Push For Lower Air Fares, Target Airport Charges, Taxes

    The House of Representatives (Reps) has called on the Federal Government to slash airport charges by 50 per cent and offer tax breaks to aviation companies to make flights cheaper during the festive season.

    The call was sequel to the adoption of a motion by Rep. Obinna Aguocha (LP-Abia) at plenary on Thursday. Aguocha had earlier moved the motion, stating that airline ticket prices have skyrocketed, affecting not just travellers but also air ambulance costs and, by extension, people’s lives.

    He noted that the steep rise in airline ticket prices is currently affecting millions of Nigerian families. The lawmaker said the Christmas season is traditionally a time for reunion, reflection and joy, saying this tradition is threatened by the weight of economic challenges that have made travel increasingly prohibitive.

    “The soaring costs of domestic air travel have created a barrier preventing many from returning to their ancestral homes where shared laughter and family connections are meant to thrive and improve our self-worth.

    “The myriad challenges faced by airline operators, ranging from high JetA fuel prices to excessive currency fluctuations, I implore this House to consider the broader implications of their pricing strategies.

    “The insatiable pursuit of profit should not come at the expense of the cultural bonds that define us as Nigerians.

    “By temporarily reducing fares during this critical period would demonstrate a commitment to social responsibility and national solidarity.

    “Such an act would reaffirm to all citizens that the journey home is a fundamental right, accessible to every Nigerian, regardless of financial status,” he said. The lawmaker emphasised that Nigerians are at a critical juncture, requiring urgent intervention.

    He appealed to the government to show similar resolve in supporting the aviation sector as it did with road transporters last year. According to him, the aviation sector plays a critical role in both family reunification and national connectivity.

    The House called on the Central Bank of Nigeria (CBN) to prioritise the allocation of foreign exchange at concessionary rates for airline operators. Deputy Speaker, Rep. Benjamin Kalu, ruled that the House Committee on Aviation should meet with airline operators and the Aviation Minister, reporting back within a week for further action. Geregu Power Targets N12.026bn Profit for Q1-2026

    Air fares
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Oil Prices Surge 14% in 5 Days over Hormuz Concerns

    Naira Rallies as Cardoso Reveals Net FX Reserves Top $40bn

    Transcorp Power Reports Resilient H1 2026 Performance Amid Power Sector Challenges

    FirstHoldco Hits 52-Week High on Fresh Price Discovery

    Nigerian Stock Market Expands by N849bn on Tier-1 Banks Rally

    Targeted Policy Response Keeps UAE Economy Resilient – IMF

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Surge 14% in 5 Days over Hormuz Concerns

    July 17, 2026

    Naira Rallies as Cardoso Reveals Net FX Reserves Top $40bn

    July 17, 2026

    Transcorp Power Reports Resilient H1 2026 Performance Amid Power Sector Challenges

    July 17, 2026

    FirstHoldco Hits 52-Week High on Fresh Price Discovery

    July 17, 2026

    Nigerian Stock Market Expands by N849bn on Tier-1 Banks Rally

    July 17, 2026
    Latest Posts

    Oil Prices Surge 14% in 5 Days over Hormuz Concerns

    July 17, 2026

    Naira Rallies as Cardoso Reveals Net FX Reserves Top $40bn

    July 17, 2026

    Transcorp Power Reports Resilient H1 2026 Performance Amid Power Sector Challenges

    July 17, 2026

    FirstHoldco Hits 52-Week High on Fresh Price Discovery

    July 17, 2026

    Nigerian Stock Market Expands by N849bn on Tier-1 Banks Rally

    July 17, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.