Air Peace, one of Nigeria’s leading airlines, has announced a significant increase in its fare for the popular Lagos to Abuja route. From November 1, 2024, passengers will be required to pay up to N200,000 for a one-way ticket. This hike comes as airlines across the country struggle to cope with rising operational costs.
Economic Challenges Force Air Peace to Raise Prices
The increase in airfares has been attributed to worsening economic conditions in Nigeria. An official from Air Peace explained that the escalating cost of aviation fuel, maintenance, and taxes are major factors driving the fare hike. The airline, like many others, is feeling the pressure from rising costs and is left with no option but to pass these onto consumers.
Air Travel Becomes Unaffordable for Many Nigerians
With the new N200,000 fare, Air Peace will have the highest ticket price for domestic flights in Nigeria. Other airlines are also following suit, with Aero Contractors charging between N94,000 and N109,000, while Arik Air and Ibom Air have fares ranging from N104,000 to N133,000. This drastic rise in fares has left many Nigerians turning to road transport, although the high cost of fuel has made this option less affordable as well.
Impact on Passengers and Domestic Travel
The rising cost of air travel has severely disrupted travel plans for many passengers, particularly on the busy Lagos-Abuja route. Airports across the country are reporting increased numbers of stranded travellers who can no longer afford the steep airfares. Many passengers are being forced to seek alternative modes of transport, compounding the challenges for the aviation sector.
Aviation Sector Under Strain Due to Government Policies
The aviation industry has also faced challenges from government policies, including the deduction of 50% of internally generated revenue from key aviation agencies like the Nigeria Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN). This has led to financial strain within the sector, further exacerbating the problems faced by airlines.
Growing Frustration Among Aviation Workers
Earlier this year, aviation unions called for strikes in protest against the government’s revenue deduction policy. They warned that this policy was crippling the operations of aviation agencies and called for its reversal. The Federal Government has yet to reverse this decision, raising concerns about the sustainability of Nigeria’s aviation industry.
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