Chairman of Arik Airline, Joseph Arumemi-Ikhide, has described economic policies by the President Muhammadu Buhari-led government as the reason why airlines are folding up.
Buhari’s Policy also faulted Forex policies by the Central Bank of Nigeria.
He also said Nigerian airlines “are just offering national service” as the fares are the lowest in the world.
“Government policies, or central bank policies do not favour us. For example, the CBN said that 60 percent of foreign inflow should be for manufacturers,” he said in an interview on Channels Television.