Agriculture & Nigerian Economy
African Airline’s Passenger Traffic Declines by 65% over Omicron Variant
![African Airline’s Passenger Traffic Declines by 65% over Omicron Variant](https://news.ncbn.ng/wp-content/uploads/2022/01/air.jpg)
Report by International Air Transport Association, IATA says African airlines’ passenger traffic declined by 65% in 2021, due to the increasing impact of the Omicron variant of Covid-19.
A new report by IATA, the global airline body, said traffic in the region fell by 65 percent in 2021.
The report said, “African airlines’ international traffic fell 65.2 percent last year compared to 2019, which was the best performance among regions. Capacity dropped 56.7 percent, and load factor sank 14.1 percentage points to 57.3 percent. Demand for the month of December was 60.5 percent below the year-ago period, a deterioration from the 56.5 percent decline in November, owing to the impact of government travel restrictions in response to Omicron.”
Speaking on the full-year global passenger traffic results for 2021, the report disclosed that demand (revenue passenger kilometers or RPKs) fell by 58.4 percent compared to the full year of 2019.
This represents an improvement compared to 2020 when full-year RPKs were down 65.8 percent versus 2019.
According to the report, the passenger demand in 2021 was 75.5 percent below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined by 65.3 percent, while load factor fell 24.0 percentage points to 58.0 percent
Meanwhile, Domestic demand in 2021 was reported to have gone down by 28.2 percent compared to 2019. Capacity contracted by 19.2% and load factor dropped 9.3 percentage points to 74.3%.
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Agriculture & Nigerian Economy
Oyo/Osun Customs Command Declares Accomplishments In Anti-Smuggling Activities
![](https://news.ncbn.ng/wp-content/uploads/2024/07/IMG-20240729-WA0003.jpg)
…Intercepts 23 190 Litres of PMS.
Author: Vivian Daniel.
In its attempt to combat smuggling and protect the nation’s economy, the Oyo/Osun Area Command of the Nigeria Customs Service (NCS) has successfully seized a significant quantity of Premium Motor Spirit (PMS) along the Ayegun axis of Oyo State.
According to a press statement signed on Friday, 26 July 2024 by the Public Relations Officer of the Command, Superintendent of Customs Kayode Wey noted that the operation took place on Wednesday, 24 July 2024, resulting in the confiscation of 94 drums, each containing 235 litres and 44 kegs, each containing 25 litres, totalling 23,190 litres of PMS.
The Customs Area Controller (CAC), Oyo/Osun Area Command, Comptroller Ben Oramalugo, revealed that the interception was made possible through the diligence and teamwork of the Command’s anti-smuggling team based on credible intelligence. He further disclosed that the seized PMS was intended for smuggling through the border to neighbouring countries and was camouflaged to evade detection by law enforcement agencies.
Comptroller Oramalugo noted that the interception was significant and underscored the unwavering commitment of the Customs Oyo/Osun Area Command Officers and Men to contend with the smuggling of petroleum products while defending the nation’s economy.
He highlighted that the unlawful exportation of PMS deprives the government of significant revenue generation and contributes to the artificial scarcity of fuel being experienced in the nation occasionally, negatively impacting ordinary citizens’ lives.
Likewise, the CAC applauded the officers’ efforts in the operation and emphasised the command’s readiness to intensify its anti-smuggling activities. He reiterated that the Command remains watchful and will continue to deploy all necessary resources to curb prohibited activities within its jurisdiction.
Comptroller Oramalugo stated that the confiscated PMS would be disposed of in line with the laws and regulations governing handling such sensitive items.
He called on members of the public to continuously support the NCS in its efforts to win the fight against the smuggling of such products by providing timely information and cooperating with the Service while reassuring them that the Command would remain resolute in its mission to secure the nation’s borders, ensure the safety and well-being of its citizens alongside protecting the economic interests of Nigeria by facilitating legitimate trade.
Additionally, the CAC warned that individuals found engaging in or supporting smuggling activities would face the full wrath of the law as enshrined in the new Nigeria Customs Service Act, 2023.
Agriculture & Nigerian Economy
Nigeria’s Strategic Objective to Capture 10% Of Africa’s Import by 2035 – Achimugu
![Nigeria’s Strategic Objective is to Capture 10% Of Africa’s Import by 2035 – Achimugu](https://news.ncbn.ng/wp-content/uploads/2022/03/AfCFTA.jpg)
The Nigerian National Action Committee on the African Continental Free Trade Area, AfCFTA, has revealed that its strategic objective is to capture 10 per cent of Africa’s imports by 2035, thereby doubling Nigeria’s export in the process.
This was disclosed by the coordinator oil and gas work stream, secretariat of the National Action Committee on the AfCFTA, Franca Achimugu, at the implementation plan adoption meeting with the oil and gas work stream which was held at the Nigeria National Petroleum Corporation headquarters, in Abuja, on Thursday.
While introducing the agreement and what the oil and gas sector stands to benefit from its full implementation, she said, “AfCFTA means Nigeria is no longer Africa’s largest economy, we need to sit up and get our house in order.”
She added that Nigeria is aligning itself for agreements, which comes with the elimination of tariffs.
She also mentioned that Nigeria’s mission is to become the preferred provider of value-added services to Africa.
Recall that it was reported earlier this month that the AfCFTA secretariat and the African Export-Import Bank signed an agreement on the management of the base fund of the AfCFTA adjustment fund.
Read Also: FG Requests for Proposals for The Establishment of a National Carrier
Agriculture & Nigerian Economy
Fire Service Warns Against Domestic Storage of Petrol Amid Scarcity
![Fire Service Warns Against Domestic Storage of Petrol Amid Scarcity](https://news.ncbn.ng/wp-content/uploads/2022/02/federal-fire-service.jpg)
The AG. Controller general, federal fire service (ffs), Karebo Pere samson has cautioned Nigerians against storage of premium motor spirits (PMS) popularly known as petrol in their homes during this period of scarcity.
Karebo said petrol is a highly inflammable liquid which if not handled carefully can cause serious fire explosion.
This was disclosed in a statement released by Abraham Paul the public relations officer of the services
Karebo explained that invariably there is always a risk of a fire outbreak or an explosion if there is a source of ignition nearby such as a naked flame or an electrical spark.
The ag controller general stressed that Nigerians should avoid any act which could lead to fire outbreak in their environment.
Read Also:
NNPC Assures Nigerians of Sufficient Petrol, Says No Need for Panic Buying
Why Petrol Smuggling Continues –Kyari
Jigawa Police to Enforce Ban on Sale of Petrol in Jerry Cans
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