FG Approves N5bn Bailout for Aviation Sector
Companies affected by coronavirus pandemic will now take pleasure in N5 billion bailout accredited by the federal authorities.
This comes after the Minister of Aviation, Senator Hadi Sirika, revealed on Monday that the Federal Authorities would quickly begin the disbursement of the N5bn bailout it accredited for the operators of the Aviation sector.
Sirika said this on the opening of a three-day public listening to on the six govt payments meant to reorganise the civil aviation companies within the nation.
He stated the airline operators would get N4bn whereas different companies within the Aviation sector can be given N1bn
The Senate has, nevertheless, stated the cash wouldn’t be sufficient to maintain the airline operators in enterprise.