Headlines
Nigeria owes $450 million in blocked funds to global airlines, says IATA.

The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries put at $1.6 billion by end of April, 2022.
IATA Regional Vice-President, Africa and Middle East, Kamil Alawadhi who made this known on Sunday in Doha, Qatar, at the 78th IATA Annual General Meeting and World Air Transport Summit, said airfares charged by international carriers are three times higher than what obtains in other countries that do not retain airlines’ revenues and expressed fear that the fares might continue to rise until Nigerians would not be able to afford international travel and that would eventually weaken the nation’s economy.
Other countries in Africa that hold on to a huge amount of airlines’ revenues include Zimbabwe – $100 million; Algeria – $96 million; Eritrea – $79 million and Ethiopia, $75 million.
Alawadhi explained that airlines were charging higher fares to Nigeria so that they could make profit from one leg of the trip, as most trips are charged on return ticket.
For example, if a passenger buys Emirates ticket in Dubai to travel to Nigeria, the payment is fully received by the airline, but if a passenger buys similar ticket from Lagos to Dubai, the money is allegedly held down by the Central Bank of Nigeria, so the airline would charge higher fare in order to make profit from tickets bought outside Nigeria.
Alawadhi said that although Nigeria was the biggest economy in Africa and also a major oil producer, it is bogged down economically by its depreciating currency, hence the inability of the West African nation to remit airlines earnings.
According to him, some other countries may have other reasons why they are unable to remit such funds, including political turmoil.
He further said IATA would go to Nigeria to renew negotiation for the remittance of the funds.
“The continuous holding of airlines funds and the high fares charged Nigerian passengers would eventually damage Nigeria down the road. We are not expecting that Nigeria will pay the money in one single shot, but it should start paying the money because blocked funds will continue to accrue as traffic goes up.
“The average Nigerian traveler is paying the price, as airfares in Nigeria have increased; so it is not helping the average Nigerian to travel. The price (fares) is two to three times higher. It will come to a time Nigerians will not be able to travel. It will come to a time it will collapse Nigeria’s economy.
“I don’t think Nigeria is intentionally trying to hold back the funds, but every central bank of any nation has its priorities; so maybe aviation is not Nigeria’s priority. Nigeria should make aviation its priority so that it would pay airlines their money.
“Airfares will continue to go up. Airlines cannot break even if they sell ticket at low fares because they operate to make profits. If am heading an airline I will operate a flight almost certain that I will make profit. The only way to operate in Nigeria is to put up the price so that Nigerian passengers will pay for the ticket,” the Regional IATA Vice-President said.
Reiterating the importance of air travel, Alawadhi said connectivity was precious and noted that the COVID-19 pandemic has demonstrated that everybody suffers when aviation stops.
“A financially viable air transport sector supports jobs and must be a driving force for Africa and Middle East economic recovery from COVID-19. A priority is releasing blocked funds. As of April, globally, there is a total of $1.6 billion in funds blocked by 20 countries worldwide.
“Of this, 67 per cent is blocked in Africa for a total of $1 billion, tied up in 12 African countries. Zooming a little more, Nigeria alone is holding back $450 million. It is the most amount blocked by any single African country, and the amount is rising every week.
“Cash flow is key to airlines’ business sustainability-when airlines are unable to repatriate their funds, it severely impedes their operations and limits the number of markets they can serve,” he said.
He also stated that the consequence of reduced air connectivity includes the erosion of that country’s competitiveness, diminished investor confidence and reputational harm caused by a perception that it is a high-risk place to do business.
“Strong connectivity is an economic enabler and generates considerable economic and social benefits. We call on government to prioritise aviation in the access to foreign exchange on the basis that air connectivity is a vital key economic catalyst for the country,” Alawadhi said.
Headlines
NNPC Foundation Trains Over 3,000 Southwest Farmers in Climate-Smart Agriculture

In a bid to promote food security and sustainable agricultural practices, the NNPC Foundation has successfully trained more than 3,000 farmers in the South-West geopolitical zone on climate-smart and modern farming techniques.
The training, which concluded on Friday in Ikorodu, Lagos, marked the end of the Southwest phase of the foundation’s pilot programme aimed at empowering local farmers and boosting agro-productivity.
Speaking at the closing ceremony, Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, described the initiative as a milestone in the lives of thousands of farmers.
“Today marks the formal conclusion of the first phase of a national journey that speaks to resilience, food security, and economic empowerment,” Arukwe said.
“What began as a bold decision to support small holder farmers has translated into tangible action across three geopolitical zones (South-East, South-South, and South-West) in Southern Nigeria.”
She disclosed that a total of 3,860 vulnerable farmers across 10 locations in the three regions were trained in sustainable farming practices that improve productivity and market access.
“This achievement is not just a number, but a milestone in the lives of real people and real communities. We were able to strengthen farmers’ capacity to adapt to climate change,” she added.
“Through the training, we were able to improve access to markets, promote inclusive agriculture and especially gender representation. We also trained them on enhancing food production through sustainable techniques.”
Arukwe noted that the programme would now move to the North-West, North-Central, and North-East zones as part of its next phase, saying the foundation is committed to supporting livelihoods nationwide.
“This is only Phase One. We will now turn our focus to the North-West, North-Central, and North-East zones. What we have achieved in the South will inform and strengthen our next steps,” she said.
“The NNPC Foundation will continue this mission, to support livelihoods, build resilience, and empower the hands that feed our families and beyond.
We have decided that most times you get a lot of requests from people asking us to give them palliatives and all kinds of things to help them.
But we think it is much better to teach people to fish than just give them fish so they can continue,” Arukwe explained.
Chairman of Ikorodu Local Government, Mr. Wasiu Adesina, while commending the initiative, urged the beneficiaries to apply the knowledge gained to boost productivity and profitability.
“As we all know, agriculture is the bedrock of any nation. Without agriculture, there will not be a nation, because there will be no food to eat,” Adesina stated.
“It is the farmers that produce our food, and it is important that we train our farmers with new techniques in agriculture, and that is exactly what the NNPC Foundation is doing.
“To the farmers, you have to take advantage of this training and face the farming squarely. In some great countries like the United States and the United Kingdom, farmers are the most richest people in those countries.
“This is because they make a lot of money from farming. We need to inculcate that habit in Nigeria and develop ideas in farming. Even after my tenure, I am going back to farming, so, maybe I will ask the NNPC Foundation to train me so that I also join you to be a farmer.”
He appealed to the foundation to provide further empowerment for the trained farmers to help them kickstart their agricultural ventures.
“If the farmers have land for farming, I believe the foundation will provide financial aid to keep their farms running,” Adesina added.
Also speaking at the event, the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, represented by the Director of Fisheries, Mrs. Osunkoya Daisi, lauded the Foundation’s efforts in bolstering the state’s food security.
“On behalf of the Lagos State Government, we would like to express our sincere appreciation to NNPC Foundation for training our farmers and for training all the farmers all over the country,” she said.
“Definitely, the training will help improve food production. We can see the impact of climate change effects in agriculture. I am sure farmers have been equipped with climate-smart agriculture techniques to improve production.”
The NNPC Foundation Ltd/Gte is the Corporate Social Responsibility (CSR) arm of the Nigerian National Petroleum Company (NNPC) Limited. It was incorporated in February 2023 to manage the company’s CSR initiatives and enhance Nigeria’s socio-economic development.
Education
NUC grants ESUT full accreditation for Law, 7 other programmes

The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.
According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.
Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.
Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.
Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.
He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.
He said the session also empowers the NUC to accredit such programmes.
Crime
Court remands 2 over alleged attempted murder

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.
Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.
The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.
Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.
He thereafter adjourned the case until May 31 for mention.
The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.
She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.
“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.
Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.
He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.
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