The House of Representatives has considered a motion urging the federal government to prioritise foreign exchange allocation at concessionary rates for airline operators in order to curb the rising cost of airfares in the country.
The House also called for the establishment of a Transparent Assessment Mechanism to determine the true minimum operational costs for airlines throughout the Yuletide season.
In addition, it sought the provision of targeted subsidy grants or palliative subsidies to bridge the gap between sustainable operational costs and the fare ceiling accessible to the public.
The House further mandated collaboration with the Central Bank of Nigeria (CBN) to prioritise concessionary foreign exchange access for airline operators.
These resolutions followed the adoption of a Matter of Urgent National Importance titled “The Exorbitant Rise of Airline Ticket Cost and the Consequential Impact on Security of Lives: Air Ambulance Cost,” sponsored by Obi Aguocha.
Leading the debate on the motion, Aguocha said the House notes “the exorbitant rising cost of airline tickets in the country currently affecting millions of Nigerian families.“
“Concerned that the soaring costs of domestic air travel have created a barrier preventing many from returning to their ancestral homes, where shared laughter and family connections are meant to thrive and improve our self-worth.”
Aguocha argued that while airline operators face challenges from high JetA1 fuel prices to currency fluctuations, the House must consider the broader implications of pricing strategies in the aviation sector.
“Concerned that the insatiable pursuit of profit should not come at the expense of the cultural bonds that define us as Nigerians.
“Cognizant that by temporarily reducing fares during this critical period, it would demonstrate a commitment to social responsibility and national solidarity. Such an act would reaffirm to all citizens that the journey home is a fundamental right, accessible to every Nigerian, regardless of financial status.”
He further lamented the unprecedented rise in travel costs, warning that it poses a threat to the traditions that unite Nigerians during the festive season.
“Further urge the government to show decisiveness as they did last year with road transporters in providing support. It is imperative that similar assistance be extended to the aviation sector, which plays a critical role in both family reunification and national connectivity.”
After adopting the motion, the House referred it to the Committee on Aviation to interface with airline operators and the executive branch, and to report back within seven days for further legislative action.