Hadi Sirika, the Minister of Aviation, on Monday, said that until the fourth quarter of 2021 or perhaps the first quarter of 2022, the aviation sector would continue to record a sharp decline in passengers which was directly proportional to the revenue generated.
This, the minister attributed to the effect of COVID-19 pandemic, which had dwindled revenue generation of the industry.
Sirika said this during an interactive session in Abuja with the Senate Joint Committee on Finance and National Planning.
The session was on the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Plan (FSP) of some revenue generating agencies of the government.
Sirika said “The revenues for yesterday are lost. Therefore, we were hugely impacted by the COVID and with this COVID, I think until quarter four of 2021 and perhaps quarter one of 2022, we will continue to see a sharp decline in passengers, and that is directly proportional to the revenue that we collect because people’s confidence has to be raised.
“They’ve to begin to want to fly again, and certain factors that encourage propensity to fly are also being eroded during this period.
“So we’re in difficult and challenging times, and we don’t have solutions to it even as advanced countries are spending huge amounts of money to support civil aviation businesses.
“The government, because of the challenge of funding, hasn’t been able to respond to civil aviation requests and civil aviation funding like other countries have done.”