The Minister of Aviation, Festus Keyamo, has hinted at plans for the resumption of cargo flights between Nigeria and Saudi Arabia, in collaboration with the Central Bank of Nigeria (CBN).
Keyamo at the 3rd ministerial updates, said the decision was finalised during a recent visit to Saudi Arabia, stating that with the new agreement, cargo services would be restored to boost trade and logistical connections between the two nations.
Keyamo also explained that the Federal Government has ensured the clearance of a longstanding backlog of trapped funds for foreign airlines hence the return of Emirates Airlines to Nigerian skies.
This, he noted, has positively impacted the financial stability of the aviation industry as the total verified amount paid to the air transport sector to $136.73m, adding that all the verified airline claims had now been cleared.
The minister announced that the federal government has suspended Air Nigeria airline project indefinitely, noting that the airline was never a Nigerian airline but an attempt to use a foreign airline to pose as a Nigerian national airline.
