The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal.
It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months at N480 per litre, pending when the carriers would be granted licences to import the commodity.
This is just as the AON said it had nominated 10 marketers for the purpose. The Speaker of the House, Femi Gbajabiamila; and Deputy Speaker, Ahmed Wase, presided over the meeting that lasted about four hours, with the Governor of the Central Bank of Nigeria, Godwin Emefiele; and the Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, among others in attendance. Airline operators had last week threatened to halt their services over soaring aviation fuel prices, effective Monday.
They had given a notice to the Minister of Aviation, Hadi Sirika; and the Director-General, Nigerian Civil Aviation Authority, Musa Nuhu. The AON said the price of aviation fuel had risen from N190 to N700 per litre. The operators, however, suspended the planned flight shutdown for economic and security reasons.
