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Nigeria’s Aviation Industry Lost $700m

Jun 17, 2020 08:21 PM
Nigeria’s Aviation Industry Lost $700m Africa Business Radio, Nigerian Aviation, Africa Business News, Covid-19, Funke Adeyemi

The Africa Regional Director of the International Air Transport Association, Funke Adeyemi, on Tuesday said Nigeria’s aviation sector has suffered a loss of $700m during the coronavirus pandemic. Adeyemi, who said this during a webinar, titled, ‘A national conversation: Mapping Nigeria’s response to COVID-19’ on Tuesday, added that 90,000 jobs were at risk in the industry. She said Aviation is one of the hardest-hit sectors. Over the past three months, passenger travel reduced by 90 per cent. That led to a loss of $28.5bn in GDP for Africa and put about three million jobs at risk. She however, thanked the governments of the world for the introduction of the lockdown as the aviation sector could have accelerated the spread of the pandemic.

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