Airline operators commend Tinubu for suspending 4% import levy

The Airline Operators of Nigeria (AON) has commended President Bola Tinubu for suspending the four per cent Free on Board (FoB) levy on imports.

AON also praised the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, for upholding the vision of the President.

The commendations are contained in a statement signed by the AON President, Dr Abdulmunaf Sarina, and Vice President, Dr Allen Onyema, on Tuesday in Lagos.

According to the body, the suspension demonstrates President Tinubu’s commitment to creating a business-friendly environment, protecting critical sectors, and promoting sustainable economic growth.

The operators noted that implementing the levy would have severely affected Nigerian airlines, increasing operating costs and further straining an industry already grappling with multiple challenges.

Specifically, the operators lauded Edun for exemplary leadership as a listening minister, showing patriotism and responsiveness by addressing stakeholders’ concerns.

They added that Edun’s decision reflected strong commitment to carrying out the President’s mandate with diligence, sensitivity, and fairness across economic sectors.

“This bold and thoughtful intervention will safeguard aviation, protect jobs, reduce inflationary pressures, and keep Nigeria competitive in the global business environment,” the statement read in part.

AON reaffirmed its commitment to working closely with government to strengthen aviation and contribute to Tinubu’s vision for economic growth and national development.

Our correspondent reports that on Monday, Sept. 15, the presidency suspended the four per cent FoB levy introduced earlier this year.