President Bola Ahmed Tinubu has earned widespread commendation from Nigeria’s aviation industry for his decisive suspension of the proposed 4 percent Free on Board (FOB) levy on imports, a move stakeholders say reflects his proactive and people-centered leadership.
The Airline Operators of Nigeria (AON), through a statement signed by its President, Abdulmunaf Sarina, hailed the decision as proof that the President is deeply committed to protecting critical sectors of the economy and fostering an environment conducive to growth. According to the statement, the move is “a clear demonstration of President Tinubu’s commitment to creating a business-friendly environment, protecting jobs, and promoting sustainable economic development.”
The controversial levy, earlier introduced by the Nigeria Customs Service, had triggered concerns among manufacturers, importers, and clearing agents. Many warned that the policy would worsen inflation, discourage investment, and reduce Nigeria’s competitiveness in international trade.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, clarified that the suspension was in direct response to President Tinubu’s directive after consultations with key stakeholders. He explained that the levy, if implemented, posed risks to trade facilitation, economic stability, and business confidence.
For the aviation sector, operators warned that the levy would have imposed unbearable costs on airlines, which are already grappling with high operational expenses and economic challenges. The AON stressed that Tinubu’s intervention has saved the industry from severe setbacks, including job losses and a decline in service quality.
The association also praised the Finance Minister for his role in implementing the President’s directive, noting that his responsiveness further reflects the administration’s dedication to fairness, patriotism, and sound economic management.
AON reaffirmed its readiness to work with President Tinubu’s government in supporting policies that strengthen aviation and other key industries. The operators emphasized that with such decisive leadership, Nigeria’s economy is on the path toward stability and long-term growth.