The controversy over the actual amount Nigeria owes the foreign airlines has finally been put to rest as the International Air Transport Association (IATA) has finally confirmed that Nigeria has paid 98 percent of the trapped funds.
The Director General of IATA, Willie Walsh dropped the information during a world press conference at the ongoing 80th Annual General Meeting in Dubai, United Arab Emirates.
According to Willie Walsh: “As of April 2024, 98% of these funds have been cleared. The remaining $19 million is due to the Central Bank’s ongoing verification of outstanding forward claims filed by the commercial banks. Walsh said we are on the right path and urged the government to clear the residual $19 million and continue prioritizing aviation.
