mach7:
This is a really tough situation. Nigeria is blocking the repatriation of funds NOT because it wants to damage its reputation or deprive Emirates of its money, but we are really on strings now.

Every USD in the economy has to be scavenged and kept aside to finance importation - both of fuel and food.

Instead of insulting the government, Nigerians now need to be more patriotic in putting up a united front. For now, with the absence of Emirates and soon to be other international airlines, we should actively support our local airlines like Arik Air who are flying international routes and quickly launch Nigerian Air to complement them.

Emirates and by extension IATA should be patient and calm down. They will get their funds in due time, let's fix ourselves first.

Oga we ain't putting up any United front... The money is not our own... Give it back to the owners .. you are spoiling our reputation outside .. we don't want to be like the Afghanistan and Lebanon of this world

Enyimbamercedes:
The CBN governor doled out all the dollars to cronies of the President

The President scared away potential investors with his careless utterances in his early days in power

The NNPC spends more than it earns


Basically, we have no dollars to give the airlines.

Be smart, follow who sabi road and give the reins of leadership to who sabi lead

At the bolded, you are just right.

By the time Buhari, APC and Tinubu gang leaves office that Nigerians will differenciate between 6 and half a dozen .
Some mentally retarded urchins are still shouting jagaban
Now na morning

Terrible

frog12:
i support what nigeria is doing in this area. they should have done it long ago. na must we must eat Oyinbo food

Is it only on food?

Agboola321:
You can imagine how bad things are turning by the day..

What is wrong with this present government? Is this still incompetence or plain wickedness?

What did Nigerians do to deserve this?

2023 is another opportunity to try and right the wrongs going on. Things are getting worse by the day.

Vote wisely. Vote in leaders who are reasonable, responsible and passionate.

The real problem in Nigeria is no one is truly in control
If you don't understand look all this army and police clashes.

Buhari is Ajaale the traveler

Tinubu is another traveler who will go to France to sleep.
And they will voto him.

Nigerians never learn

guywitzerogal:
Gradually we are getting there...... I swear if Buhari leaves Aso Rock this country will know Abacha was a learner when it comes to looting

I tell you

Put religion away from economical issues and bingo your back to number 1 kampf

this is where the asian midlevel countries like malaysia and indonesia are doing better than us. and now you see ibos over there for work.
it mean we are doing things WRONG if countries like malaysia and indonesia are better than us

Akwamkpuruamu:


Is it only on food?

Qq1


IATA @IATA
q
Q

https://twitter.com/IATA/status/156031135805014835¹4[/quote]

Who could believe how far we have deteriorated yet some bigots are still shouting jagaban or Atiku, the same class of dying crooks and looters that kept this nation like this.
Whoever in this nation like now that are still playing politics of religion or tribe is a disgrace to a humanity.

Some idiots see nothing wrong with APC/Buhari. Nincompoop

Buhari effectively shutting down the economy step by step. Ride on uncle Muhammad.

asobo1:
Some idiots see nothing wrong with APC/Buhari. Nincompoop

The structure is the problem and not the party that's there today. The party can be desolved and another formed but the structure is there to frustrate whoever leads.

They have loot the money already

Money when them don "tiff" so so

Agboola321:
You can imagine how bad things are turning by the day..

What is wrong with this present government? Is this still incompetence or plain wickedness?

What did Nigerians do to deserve this?

2023 is another opportunity to try and right the wrongs going on. Things are getting worse by the day.

Vote wisely. Vote in leaders who are reasonable, responsible and passionate.

The Government do not know what to do. Infact no solution,no matter who wins, economy,infastructure,education,FR,FX will keep going down.

mach7:
This is a really tough situation. Nigeria is blocking the repatriation of funds NOT because it wants to damage its reputation or deprive Emirates of its money, but we are really on strings now.

Every USD in the economy has to be scavenged and kept aside to finance importation - both of fuel and food.

Instead of insulting the government, Nigerians now need to be more patriotic in putting up a united front. For now, with the absence of Emirates and soon to be other international airlines, we should actively support our local airlines like Arik Air who are flying international routes and quickly launch Nigerian Air to complement them.

Emirates and by extension IATA should be patient and calm down. They will get their funds in due time, let's fix ourselves first.

Your post actually justifies my surprise about people saying rubbish about corruption. Majority of them don't just know a thing yet want to say something. They end up saying trash. The blockage of repatriation of their funds is basically economic induced.

This is not the solution. Even if we have local airlines, the airline industry is highly dollarized. They will need dollars for C-checks, maintenance, for some staff (when you employ foreigners), for international operations.

Our problem is a revenue problem, and that’s what govt needs to solve. Blocking funds will reduce investor confidence all through the country and not just in the airline industry.

It started from reducing personal access to USD from $1k per month to nothing now. Govt needs to block leakages (there are people still stealing public funds daily), improve security (especially with oil theft. The oil tanker that was caught in Equatorial Guinea had capacity of 3m barrels. That’s three times all the oil we produce per day. If those guys succeeded, this means in about one week of operation, they will make 300m USD. Imagine that we sell that and it’s not stolen, that’s enough to pay the airlines at least for now. This is one tanker, imagine other tankers that are coming in. Imagine other sources of public funds leakage.

We need to salvage this country, but before then, before the end of this year, arrange your immigration tips, your international flights will be from Cotonou, Lome or Accra.

mach7:
This is a really tough situation. Nigeria is blocking the repatriation of funds NOT because it wants to damage its reputation or deprive Emirates of its money, but we are really on strings now.

Every USD in the economy has to be scavenged and kept aside to finance importation - both of fuel and food.

Instead of insulting the government, Nigerians now need to be more patriotic in putting up a united front. For now, with the absence of Emirates and soon to be other international airlines, we should actively support our local airlines like Arik Air who are flying international routes and quickly launch Nigerian Air to complement them.

Emirates and by extension IATA should be patient and calm down. They will get their funds in due time, let's fix ourselves first.

Allowing Godwin Emefiele (a politician) to continue to preside as CBN Governor confirmed Buhari dumbness. This man has totally destroyed the economy.
It was even wrong to appoint him CBN Governor in the first. He is a Finance graduate ,a banker who knows nothing about Monetary economics.

mach7:
This is a really tough situation. Nigeria is blocking the repatriation of funds NOT because it wants to damage its reputation or deprive Emirates of its money, but we are really on strings now.

Every USD in the economy has to be scavenged and kept aside to finance importation - both of fuel and food.

Instead of insulting the government, Nigerians now need to be more patriotic in putting up a united front. For now, with the absence of Emirates and soon to be other international airlines, we should actively support our local airlines like Arik Air who are flying international routes and quickly launch Nigerian Air to complement them.

Emirates and by extension IATA should be patient and calm down. They will get their funds in due time, let's fix ourselves first.

I understand where you are coming from and was waiting for someone to mention this since. However local airlines cannot fill the void left by Emirates or foreign international airlines. I'll give you the reasons.

1. They are not regular international airlines and Nigeria is not a global hub. They will surely have problems maintaining large aircraft which do not fly regularly. Imagine that Delta and Emirates have their large planes flying everyday but Arik and Air Peace have to fly their Aircraft once or twice a week. The aircraft will be underused and costs will be high.

2. They will still have the same problems as Emirates. Most of an airline's revenue will go into operational costs which mostly is spent in dollars. Unless they source from the black market, they will not be to get dollars too. Both foreign and local airlines service their aircraft abroad.

3. Many have legal issues flying abroad especially the west where standards are high. Some have safety issues. Arik piled a lot of debt and had her aircraft seized in the US sometime ago. Air Peace is facing corruption and money laundering charges.

I get you sir, but at this time our backs are really against the wall.

JohnBullMySon:
I understand where you are coming from and was waiting for someone to mention this since. However local airlines cannot fill the void left by Emirates or foreign international airlines. I'll give you the reasons.

1. They are not regular international airlines and Nigeria is not a global hub. They will surely have problems maintaining large aircraft which do not fly regularly. Imagine that Delta and Emirates have their large planes flying everyday but Arik and Air Peace have to fly their Aircraft once or twice a week. The aircraft will be underused and costs will be high.

2. They will still have the same problems as Emirates. Most of an airline's revenue will go into operational costs which mostly is spent in dollars. Unless they source from the black market, they will not be to get dollars too. Both foreign and local airlines service their aircraft abroad.

3. Many have legal issues flying abroad especially the west where standards are high. Some have safety issues. Arik piled a lot of debt and had her aircraft seized in the US sometime ago. Air Peace is facing corruption and money laundering charges.

guywitzerogal:
Gradually we are getting there...... I swear if Buhari leaves Aso Rock this country will know Abacha was a learner when it comes to looting

If his successor will probe him, or will the successor allow him go and enjoy the loots freely?

Very good points. But could the solution be a "Russian style" command economy viz a viz the Airline industry? I mean Russia was subject to a massive barrage of sanctions including on its Airline industry. Yet they nationalised all their foreign owned planes, stopped paying the owners in Dollars, but rather in Roubles, starting doing the maintenance and certifications internally and flew only to destinations where their own certification standards is being accepted. While at the same time quickly reviving their own aircraft manufacturing industry. Honestly in my view, free market (liberalism) isn't helping us especially in Airline industry as we are being taken advantaged of. Imagine the airlines selling tickets in Naira and choosing to repatriate in Dollars.

iguita:
This is not the solution. Even if we have local airlines, the airline industry is highly dollarized. They will need dollars for C-checks, maintenance, for some staff (when you employ foreigners), for international operations.

Our problem is a revenue problem, and that’s what govt needs to solve. Blocking funds will reduce investor confidence all through the country and not just in the airline industry.

It started from reducing personal access to USD from $1k per month to nothing now. Govt needs to block leakages (there are people still stealing public funds daily), improve security (especially with oil theft. The oil tanker that was caught in Equatorial Guinea had capacity of 3m barrels. That’s three times all the oil we produce per day. If those guys succeeded, this means in about one week of operation, they will make 300m USD. Imagine that we sell that and it’s not stolen, that’s enough to pay the airlines at least for now. This is one tanker, imagine other tankers that are coming in. Imagine other sources of public funds leakage.

We need to salvage this country, but before then, before the end of this year, arrange your immigration tips, your international flights will be from Cotonou, Lome or Accra.

Agboola321:
You can imagine how bad things are turning by the day..

What is wrong with this present government? Is this still incompetence or plain wickedness?

What did Nigerians do to deserve this?

2023 is another opportunity to try and right the wrongs going on. Things are getting worse by the day.

Vote wisely. Vote in leaders who are reasonable, responsible and passionate.

To answer your question: these guys are not incompetent. They are wicked.

mach7:
This is a really tough situation. Nigeria is blocking the repatriation of funds NOT because it wants to damage its reputation or deprive Emirates of its money, but we are really on strings now.

Every USD in the economy has to be scavenged and kept aside to finance importation - both of fuel and food.

Instead of insulting the government, Nigerians now need to be more patriotic in putting up a united front. For now, with the absence of Emirates and soon to be other international airlines, we should actively support our local airlines like Arik Air who are flying international routes and quickly launch Nigerian Air to complement them.

Emirates and by extension IATA should be patient and calm down. They will get their funds in due time, let's fix ourselves first.

Emirates should tell that to their investors?

Buhari why did you not go and rest at your village before 2015 ...did they send you to destroy this country .. nawaoooo

jrusky:


Oh ok then If its to financially enslave Nigerians paying in excess flying emirate then let the money remain block but if its not about that they should unblock the fund and let them get lost.

there is no "physical" money FG is blocking. They want to charge Nigerians exorbitant airfare but FG is blocking them from doing that. That's what that tweet is stating. So they are calculating that excess as the funds FG is blocking. They want fares to be paid directly in foreign currency at their own rate without any sort of regulation. If you compare air fare from U.K to U.S and compare from Nigeria to U.K., you realise how exploitative these international airlines are.

chukel:
there is no "physical" money FG is blocking. They want to charge Nigerians exorbitant airfare but FG is blocking them from doing that. That's what that tweet is stating. So they are calculating that excess as the funds FG is blocking. They want fares to be paid directly in foreign currency at their own rate without any sort of regulation. If you compare air fare from U.K to U.S and compare from Nigeria to U.K., you realise how exploitative these international airlines are.

Oh ok is that the money they are crying for? They are not serious so FG should pay them baa?

Is Emirate owned by the ex notorious robber called Anini or hushpoppy? Because this demand from them sound like institutional robbery or yahoo yahoo of higher level.

Dem go cry tire, dem cry just started.

Ijaya123:


Emirates should tell that to their investors?

Yes, it is called Force Majeure

mach7:
Yes, it is called Force Majeure

Weldone Colonel Force Major

mach7:
Very good points. But could the solution be a "Russian style" command economy viz a viz the Airline industry? I mean Russia was subject to a massive barrage of sanctions including on its Airline industry. Yet they nationalised all their foreign owned planes, stopped paying the owners in Dollars, but rather in Roubles, starting doing the maintenance and certifications internally and flew only to destinations where their own certification standards is being accepted. While at the same time quickly reviving their own aircraft manufacturing industry. Honestly in my view, free market (liberalism) isn't helping us especially in Airline industry as we are being taken advantaged of. Imagine the airlines selling tickets in Naira and choosing to repatriate in Dollars.

Stop speaking from a position of ignorance and unlearn ignorantly assimilated ideas. Prudent managers of the economy can. GMB has none.