President of the Aviation Round Table (ART), a body of different professionals in Nigeria’s aviation sector, Dr. Gabriel Olowo has called on the Federal government to consider the barter arrangement option for settling the $812.2 million of the foreign airlines trapped in Nigeria. Olowo’s position is coming days after the Director General of the International Air Transport Association (IATA), Willie Walsh declared Nigeria as the highest indebted country to foreign airlines.
The IATA DG revealed this at the ongoing 2023 Annual General Meeting of IATA in Istanbul, Turkey. According to IATA, Nigeria has on its neck a whopping accumulated debt of $812.2 million belonging to the over 30 foreign carriers operating in Nigeria which presently got trapped.
In his reaction, the ART President is, therefore, calling on the government to seek a barter arrangement option to settle the debts.
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