Travel Agents to reopen cheaper ticket sales after CBN pays 64 million dollars

 The National Association of Nigerian Travel Agents (NANTA) has called for the opening of lower inventories by foreign airlines to reduce the price of air ticket out of Nigeria. 

The association said following the complete payment of trapped funds; there is no further reason to restrict lower ticket inventories NANTA said foreign airlines should reopen lower ticket inventories previously closed by the airlines due to the trapped funds.

Following the payment of the $64.44 million outstanding backlog belonging to foreign airlines by the Central Bank of Nigeria (CBN), the National Association of Nigerian Travel Agents (NANTA) has called for the opening of lower inventories by foreign airlines to reduce the price of air ticket out of Nigeria.

President Susan Akporiaye disclosed in a statement that foreign airlines have no justification for further restricting the inventory into the Nigerian market.

She said that NANTA sees further restriction of lower inventory as excessive, profiteering, and unsupportive of the Nigerian government and the economy amid current economic challenges.