The Airline Operators of Nigeria (AON) has applauded President Bola Tinubu’s decision to suspend the 4 percent free on board (FOB) levy on imported goods, describing it as a measure that will ease inflationary pressures and protect the aviation industry.
Gatekeepers News reports that in a joint statement on Tuesday, signed by AON President Abdulmunaf Sarina and Vice-President Allen Onyema, the group said the move reflects the president’s commitment to fostering a business-friendly climate and driving sustainable economic growth.
AON also praised Wale Edun, Minister of Finance and Coordinating Minister of the Economy, for his “leadership and responsiveness” in addressing industry concerns.
“This bold and thoughtful intervention will safeguard aviation, protect jobs, reduce inflationary pressures, and keep Nigeria competitive in the global business environment,” the operators said.
The body noted that the levy’s implementation would have significantly raised operational costs for local airlines, further straining a sector already facing multiple challenges.
It reaffirmed its commitment to working with the government to strengthen aviation and contribute to President Tinubu’s broader economic growth and national development agenda.
The federal government announced the suspension of the levy on September 15, with immediate effect.
