Nigeria, Costliest Country for Airline Business

Foreign airlines that ply the Nigerian route have reacted to allegation of charging high ticket prices, and exploitation leveled against them, saying Nigeria is the costliest country for business.

Presenting their position yesterday during the second day of the public hearing sitting of the Committee on Ticket Pricing on International Routes and Other Matters set up by the Minister for State for Air Transportation, Chief Femi Fani-Kayode, the foreign carriers which presented a paper under the aegis of the Board of Airlines Representatives (BAR), said economic factors and the law of supply and demand dictate ticket fares.

Spokesman of the airlines and Chariman of BAR, Mr Yemi Osindero, said the cost of doing business in Nigeria is higher than elsewhere in the world.