The federal government has disbursed N2.84 billion as COVID-19 stimulus package to seven local airlines.
Clem Agba, minister of state for budget and planning, who disclosed this during a virtual meeting with the economic sustainability committee on Monday, July 5, named the seven airlines as Aero, Air Peace, Arik, Azman, Dana, Max Air, and Overland.
Agba explained that N5 billion was released to support local airlines, ground handlers and other aviation-allied businesses.
He said: “Seven scheduled operators, comprising Dana, Overland, Air peace, Azman, Aero, Arik and Max Air received N2.84 billion; 20 non-scheduled operators, comprising Cargo and Private Jet Services received N949,909,000.
“Five ground handling operators, including NAHCO, SAHCO, Presion Aviation, Batuke Resources Ltd and Swissport Intl Ltd, received N233,333,000.
“The National Association of Nigerian Travel Agencies received N196 million; Airport Car Hire Association of Nigeria (ACHAN) received N196 million.
“Seven In-Flight Catering Services Operators received N233,333,000, and Aviation Fuel Operators received N233,333,000.”
Meanwhile, Techeconomy.ng earlier reported that the government had announced that financial institutions would fund the COVID-19 economic stimulus package of N1.8tn of its N2.3tn.
The government also noted that about N288bn from the N500bn of the package funded through the 2021 budget has so far been released, adding that it was currently in the process of releasing a second batch.
This was disclosed by the Minister of State for Budget and National Planning, Clem Agba, on the side-lines of the National Steering Committee meeting of the Nigeria Open Government Partnership in Abuja.
Speaking on measures adopted to salvage the economy from collapse as a result of the impact of the COVID-19 pandemic, Agba said the N2.3tn stimulus package had to be deployed.
According to him, “And there are basically two sources of funding the N2.3tn. The first N500bn had to come from special accounts, which were embedded in the revised budget.