The global representative body of the airline industry, the International Air Transport Association (IATA), has welcomed the decision by the Government of Nigeria to release just over 50% of the international airlines’ funds that it had been blocking from repatriation. Nigeria has now released $265-million of the total blocked amount, which, in July, amounted to $464-million. “We will continue to engage with [Nigeria] on expediting the release of the remaining amount, so that airlines can continue providing the connectivity Nigeria requires without disrupting and harming its economy and jobs,” affirmed IATA Regional VP: Africa and Middle East Kamil Alawadhi. The funds were accrued by the airlines from ticket sales in the West African country.
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