Former President of National Association of Nigerian Travelling Agents (NANTA), Chief Segun Adewale

The former President of National Association of Nigerian Travelling Agents (NANTA), Chief Segun Adewale (a.k.a Aeroland), has urged the federal government to do all within its power to address the present hardship facing the nation’s economy.

He stated this in an interactive session with journalists in his office on the need for NANTA members to come together and state their views to the federal government and Central Bank of Nigeria (CBN) to review its forex policy which is affecting the members and the aviation industry at large.

He urged the members to shun politics within the association and come together to present their stand to the government in the interest of the members, their staffs and nation at large.

He harmed further that the association, by now should have organised rallies to let government and CBN aware of their grievances for not allowing the foreign airlines remit their monies abroad based on the CBN ROE”.

“ The CBN forex policy is not only affecting the airlines but travelling agents too. NANTA should therefore, be at the forefront discussing with CBN, ministry of finance, IATA,NCAA on how this problem should be solved”

He therefore urge the members to see themselves as one to avert the impending dangers as the Nigeria travelling agents is presently loosing great deal of market to their counterpart in Ghana due to scarcity of promo classes tickets and scarcity of dollars. He urged CBN to deregulate ROE and the airlines sources for their currency at the black market while selling at the back market rate.

Adewale said if caution is not applied the foreign airlines may start reducing capacity or suspend flights to Nigeria indefinitely until the forex policy is loosen.

The association’s Vice President, Mrs. Adelola Adewole said if the trend continues, no fwere that200,000 jobs may be loosed as they may not have the capacity to pay staffs since the local market is really suffering from the effect of the CBN policy.
Adewole who advised the Buhari led government to put together best economic team to find a solution to the current economic problems that would affect all industries and bring about development in the country. “ We are losing markets” she lamented.