Forex shortage threatens Nigeria’s aviation

Image result for Forex shortage threatens Nigeria's aviationNigeria’s foreign exchange crises have damaged the country’s aviation sector. The west African nation’s forex reserves have taken a battering following a slump in global oil prices.

The minister of state on aviation, Hadi Sirika says the major challenge is the foreign exchange.

The dollar scarcity has led to acute shortage of jet oil used by airlines and left several local carriers struggling to pay their staff.


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