Agriculture & Nigerian Economy
African Airline’s Passenger Traffic Declines by 65% over Omicron Variant
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
Nigeria’s Strategic Objective to Capture 10% Of Africa’s Import by 2035 – Achimugu
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
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.
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Agriculture & Nigerian Economy
NNPC Ltd Commences Distribution Of 1Billion Litres Of Petrol Across Nigeria to Ease Fuel Crisis
The Nigerian national petroleum corporation limited has said that it has commenced the distribution of one billion litres of safe premium motor spirit to fuel stations across the country.
This was made known by group executive director, downstream, NNPC, Adetunji Adeyemi on Tuesday in Abuja during a press briefing.
He said in order to ensure smooth distribution of the PMS nationwide, NNPC constituted a monitoring team with the support of the Nigeria midstream and downstream petroleum authority and other security agencies.
Adeyemi stated that the NNPC commenced operations on Tuesday at its depots and retail outlets to aid with the distributions across the country and an additional 2.3 billion litres of PMS is expected to arrive in Nigeria before February ends in order to address the current situation and restore sufficiency above the 30-day national target
Read Also: NNPC names culprits in Substandard Fuel importation
Nigeria Customs Service Reaffirms Commitment to Gender Equality in Decision-Making
ACG Swomen Charges Trained Officers on Weapon Handling to Remain Worthy Ambassadors Customs
CGC Adeniyi Meets NFIU DG, Reiterates Commitment to Enhance Border Security
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