Nigeria’s new tax laws are designed to ease long-standing cost pressures on airline operators and prevent sharp increases in air fares, the Presidential Fiscal Policy and Tax Reforms Committee has said, countering claims that the reforms will worsen conditions in the aviation sector.
The committee said this in a statement published by its Chairman, Taiwo Oyedele, via his X account on Monday.
The committee said the reforms address structural tax problems that have for years raised operating costs for airlines, weakened cash flow and, ultimately, been passed on to passengers through higher ticket prices.
Nigeria’s aviation industry has struggled
Continue Reading on Premium Times Nigeria
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.