The federal government is working on providing subsidies to airlines in the country to help reduce the high cost of air travel.
It was discussed that passengers traveling would be given a form to fill out by the airline they are flying. The airlines will then forward the completed forms to the Central Bank of Nigeria (CBN) and a 50% refund of the ticket’s value after deducting taxes and charges, specifically the 5% Tickets Sales Charge (TSC) collected by the Nigerian Civil Aviation Authority (NCAA) on behalf of certain agencies will be given back to the travelers. It was revealed that work has begun to achieve it, and the actual implementation will commence in February after finalizing the details.
A source quoted said: “The idea is that anyone who wants to travel picks a form and fills in her/his details, this information will be sent to the CBN for a refund of 50 percent of the value of the ticket price.”
Source: Legit.ng
