President Bola Ahmed Tinubu has disclosed that the Central Bank of Nigeria is clearing outstanding financial obligations owed to foreign airlines, as part of efforts to strengthen aviation ties between Nigeria and the United Kingdom.
The development was revealed by presidential spokesperson Bayo Onanuga following a meeting with a delegation from British Airways, which is marking 90 years of operations in Nigeria.
According to the President, resolving long-standing financial issues affecting airlines has been one of the early priorities of his administration.
“You’ve seen that since I assumed office, the outstanding liabilities and other hiccups that are hindrances to our relationship are being resolved by the Central Bank of Nigeria, and we hope to strengthen all of that,” Tinubu said.
The move comes amid broader efforts by the Federal Government to ease pressure on airline operators. Earlier, the Minister of Aviation and Aerospace Development, Festus Keyamo, announced interventions including a presidentially approved discount on certain fees owed by airlines to the government.
Keyamo said the measure is aimed at providing immediate relief to operators grappling with high operational costs, particularly the rising price of aviation fuel, and to prevent disruptions in air services.
Tinubu reaffirmed Nigeria’s commitment to deepening economic relations with the United Kingdom, describing the partnership as strategic and mutually beneficial.
Reflecting on his recent visit to the UK, the President noted the warm reception he received from King Charles III, adding that such engagements would continue to foster stronger bilateral cooperation.
“We also hold in high regard our relationship with His Majesty the King. His long-standing commitment to sustainability and to strengthening the Commonwealth… must continue to enhance cooperation that aligns with our own national priorities,” he said.
The President emphasised that ongoing reforms in Nigeria’s aviation sector are aimed at meeting global standards, improving connectivity, and promoting trade and investment.
He also commended British Airways for its role in facilitating economic and cultural exchanges between both countries over the decades.
“We celebrate with you your remarkable 90 years of operation in Nigeria, and we hope we will continue to enhance and encourage that relationship for a stronger and more rewarding partnership,” Tinubu added.
Speaking at the meeting, British Airways representative Colm Lacy described Nigeria as a key market for the airline, highlighting its long-standing relationship with the country dating back to 1936.
“Nigeria is not simply a destination but a long-standing, most valued market… with which we share strong people-to-people, business, educational, and cultural ties,” he said.
Also speaking, the UK High Commissioner to Nigeria, Richard Montgomery, praised the enduring relationship between Nigeria and the UK, noting that Tinubu’s recent visit helped secure major investment deals, including support for the rehabilitation of Lagos ports.
He expressed optimism that continued collaboration would further strengthen trade and economic ties between both nations.
