FG Incurs #120bn Loss Due to Unregulated Private Jet Charters

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A damning report by the Ministerial Task Force on Illegal Private Charter Operations has exposed the massive loss of N120 billion in revenue to the Nigerian government over the past decade.

The report, which was commissioned by the Minister of Aviation and Aerospace Development, Festus Keyamo, highlights the regulatory loopholes, security breaches, and financial oversight lapses that have enabled illegal private jet charter operations to thrive in the country.

The report identifies the General Aviation Terminal (GAT) in Abuja as the epicenter of illegal charter operations, accounting for a staggering 90% of all illegal charters. The task force notes that the GAT’s lax security and lack of effective regulation have created an environment conducive to illegal activities.

The report reveals that foreign operators are exploiting regulatory gaps to operate illegally in Nigeria, while Nigerian-registered airlines are required to submit their financial records annually. This lack of financial oversight has resulted in a significant loss of revenue to the government, estimated at N120 billion over the past decade.

The task force has outlined several measures to curb illegal operations and restore regulatory integrity in the aviation sector. These recommendations include:

– *Closure and Restructuring of GAT*: The task force recommends the closure and restructuring of the GAT to address critical security lapses and regulatory loopholes.

– *Repeal of Aircraft Age Ban*: The controversial 22-year aircraft age ban is set to be repealed, a move that is expected to boost the growth of the aviation sector.

– *Licensing Framework for Air Charter Brokers*: The introduction of a licensing framework for air charter brokers is aimed at enhancing transparency and accountability in the sector.

– *Synergy between Agencies*: The task force emphasizes the need for collaboration between the Nigerian Civil Aviation Authority (NCAA), the Nigerian Airspace Management Agency (NAMA), and airport authorities to monitor and prevent illegal flights.

Aviation experts have expressed concerns about the effectiveness of the task force’s recommendations. Arguing that without strict enforcement, illegal activities will persist. Captain John Ojikutu, an aviation security expert, described the task force as “a waste of time,” pointing fingers at the NCAA for failing to enforce existing laws.

The report’s findings and recommendations aim to restore regulatory integrity, enhance safety. Also position Nigeria’s aviation sector for long-term sustainability and global competitiveness. However, the success of these efforts will depend on the government’s commitment to enforcing the recommended reforms and ensuring that all stakeholders are held accountable for their actions.

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