Foreign Airlines operating in Nigeria will from 19 April ask Nigerians looking to travel out of the country to buy their tickets in dollars.
The development is coming amid the worsening shortage of foreign exchange in the country.
This decision, it is gathered, was not unconnected with difficulties being faced by foreign companies operating in Nigeria occasioned by the worsening state of Nigeria.
To checkmate the trapped funds on Wednesday the international airlines on APG Interline Electronic Ticketing Agreements GP code 275 announced plans to start issuing tickets in dollars, effective April 19, 2022.
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“We are making these changes due to the difficulty in repatriating airlines’ funds stuck in Nigeria and other countries, coupled with foreign exchange fluctuations”, the group said.
In a travel advisory to its trade partners, titled, “APG IET: Restrictions of Sales in US Dollars”, APG said, “Dear travel partners, warm greetings from APG. This is to bring to your notice that with effect from April 19, 2022, GP would only accept issuing of tickets in US dollars and not naira.
“This is mainly due to repatriation issues and the forex situation in the country. This would most likely be a temporary measure till the forex situation improves. Our sincere apologies for any inconveniences this may cause to you and your business. Thank you for understanding”.
Notable carriers on the APG IET platforms include South African Airways, South African Airways, Fly Dubai, Kenya Airways, Middle East Airlines, Royal Air Maroc, Rwandair, Thai Airways, Turkish Airlines, French Bee, Egypt Air, ASKY, Air Seychelles, Air Algerie, and Air Namibia.
Others are Air Panama, Air Burkina, Avianca, Bangkok Airways, Cabo Verde Airlines, Fiji Airways, Hong Kong Airlines, and Malaysian Air amongst others.
Some of the carriers which fly directly into Nigeria are South Africa Airways, Turkish Airlines, Asky Airlines, Egypt Air, Royal Air Maroc, Middle East Airlines, Rwandair and Kenya Airways.
If the airlines follow forward with their intentions, the black market exchange rate of the dollar would finally cross N600, as desperate Nigerians travelling out of the country will have to source dollars from the black market.