The Federal Government of Nigeria is set to halt the sale of airline tickets in foreign currencies by international airlines operating in the country. This move was announced by Yinka Folami, President of the National Association of Nigerian Travel Agencies (NANTA), during a cultural and tourism program in Lagos. Folami described the practice of selling tickets in foreign currencies as a “crime against the economy,” which puts pressure on the Nigerian naira and foreign exchange.

According to Folami, the government is addressing the issue of ticket sales in foreign currencies, which has been a point of contention for travel agencies. The practice has been deemed unfair and against the rules, as it creates an uneven playing field for local airlines. Folami argued that a strong Nigerian carrier is necessary to compete with international airlines and stabilize the aviation industry.

The government’s decision to end the sale of tickets in foreign currencies is seen as a step towards promoting the growth of local airlines and supporting the national economy. Folami emphasized the importance of having a robust Nigerian airline industry, citing the example of Air Peace, which has launched routes from Lagos and Abuja to London. He urged Nigerians to support the airline, stressing that it is a patriotic responsibility to ensure its success and sustainability.

The move is expected to have a positive impact on the Nigerian economy, as it will reduce the pressure on foreign exchange and promote the use of the local currency. The development is also seen as a boost to the country’s aviation industry, which has been facing challenges in recent years. With the government’s intervention, the industry is expected to become more competitive and attractive to investors. As the government works to implement this policy, it remains to be seen how international airlines will adapt to the new regulations and what impact it will have on the overall aviation industry in Nigeria.