The Nigerian aviation sector has spent $192bn in 2022 on aviation fuel alone, a report by Philips Consulting Limited said. According to the report titled, ‘Nigeria’s Aviation Industry Customer Satisfactory Survey Report 2022’, obtained by Newsmen, in the first six months of 2022, the jet fuel price rose to 70[Read More…]
Tag: Airfares rises
In One Year , Airfares Rose By 96.87%
The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average fare paid by air passengers for specified routes single journey, increased by 96.87% from N36,922.97 in September[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]