As Aviation fuel price costs N500 per litre, Economy seat may sell for N85,000 – Onyeama

Onyeama said that the implication of the N500 benchmark for three days was that an economy seat would cost N85,000.

His words, “The Nigerian legislature has been very wonderful. Without you, the airlines in Nigeria would have crumbled. I am not saying this to please you.

“You fought for the Customs waivers on imported aircraft, aircraft spares and for airlines to have sustainable operations. So, we owe you huge gratitude, together with the residents of this country, who signed it into law.

“We thank the GMD for wading into this. Even though at N500, our unit cost per seat will now be about N85,000. I wish we could buy this fuel at N200 so that Nigerians can afford to buy it. That is our predicament.”