A press statement made available by Emirate Airline said,
unless there is a committed strategy by the federal government to deliver
concrete action for the fund repatriation, air services for Nigerian travellers
will continue to dwindle.
According to Emirate, the government is yet to ensure
concrete actions to ensure the repatriation of trapped funds despite several
solutions suggested by the airline.
The statement read, “It has been five months since Emirates
suspended operations to and from Nigeria, and during this time we have seen
little progress in the clearing of our backlog of funds.
“As of today, Emirates still has a substantial balance of
blocked funds that is yet to be repatriated, and the progressive clearing of
our backlog remains beset with constant delays. Today, around 50 percent of the
amount approved for clearing within our backlog is still overdue for
repatriation
“We have made several concerted efforts to enable a swift
return to Nigeria. We had proposed a number of solutions and measures to
recover our funds, and engaged in dialogue with government stakeholders and
industry bodies. Regretfully and despite many media reports of public assurances
made at the highest levels, solutions continue to be stalled. We acknowledge
that the wider aviation industry and the local value chain it supports in
Nigeria face a similar market reality.
“However, unless there is a committed strategy by the local
authorities to deliver concrete action, air services for travellers, for
businesses seeking global market opportunities and for investments – all
supported through air transport and critical to Nigeria’s economic recovery –
will continue to dwindle.”
The airline called on the CBN to work with the airline to
return to Nigeria by ensuring repatriation of its trapped funds.
“We remain committed to finding a mutual resolution with the
Nigerian government and Central Bank to repatriate the rest of our blocked
funds in a swift manner, and provide a roadmap that includes firm measures to
prevent future repatriation accumulation challenges and delays.
“We call on them to work with us, hand in hand, to ensure
Nigerian travellers and businesses have unfettered connectivity and access to
our global network.”
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