Minister of aviation and aerospace development Festus Keyamo is currently in a closed door meeting with oil marketers over the 300 per cent increase on aviation fuel, popularly known as Jet A1.
The meeting currently holding at the headquarters of the ministry of aviation and aerospace development in Abuja, hopes to found a way around price reduction and increase supply for the aviation sector.
The federal government had on Wednesday, announced discount to local airlines debts as a means of addressing the challenge.
After meeting with the AON and other stakeholders, the minister of aviation and aerospace development, Keyamo told journalists that the president approved the discount and also promised to address the issues of taxes and levies affecting the airline operations in Nigeria.
This is coming after the domestic airlines, under the name of Aviation Owners Operators Association of Nigeria (AON) had threatened to shutdown operations.
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