Monday, December 4, 2023

Nigeria’s travel agencies count losses amid COVID-19 crisis

“In 2019, we realised $282.36m, and in 2020, we made, $151m bringing the percentage of our losses to 46.9 per cent.”

• February 10, 2021
Minister of aviation Hadi Sirika (Credit: Twitter)
Minister of Aviation, Hadi Sirika (Credit: Twitter)

The National Association of Nigeria Travel Agencies (NANTA) says it recorded a 46.9 per cent loss in sales in 2020, due to the COVID-19 pandemic.

Susan Akporaiye, the National President of the association, at a media briefing on Tuesday in Lagos, said the 2020 sales statistics were in comparison with that of 2019.

According to her, sales picked-up between January to April 2020, after which the Nigerian government declared a period of lockdown.

“We made total sales of $57.79m in January 2019 as against $70.03m same month in 2020, and $51.52m was realised in February 2019 and $59.16m, in February 2020.

“Also, we realised $80.55m in March 2019 and $23.26m in March 2020 while $92.50m was made in April 2019 as against $1.38m in 2020.

“So, in 2019, we realised $282.36m, and in 2020, we made, $151m bringing the percentage of our losses to 46.9 per cent. The pandemic’s impact on the Nigerian travel trade sector was brutish, unexpected, and fearful; the pandemic challenged the legacy of the united NANTA,” she said.

Mrs. Akporaiye expressed optimism that the association would recover soon due to the government and the International Air Transport Association’s support.

She commended IATA’s efforts to support the association in ensuring its members’ recovery from the losses of the COVID-19 pandemic.

“IATA has been very lenient with travel agents when we had issues paying our annual obligation, which was as a result of bank default. They also opened up communication channels for counselling our members. We appreciate all these.

“The federal government through the Ministry of Aviation and Nigerian Civil Aviation Authority (NCAA) intervened to give us hope and stabilised certain measures of policy matters which brought sanity to the rash of COVID-19 protocols, targeted at Nigerian passengers,” she added.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Customs

States

Kano customs generated N6.9 billion revenue in November: Official

The comptroller said the command had introduced more sensitive security measures to prevent smuggling in the area.

PRISON INMATES

States

FG settles N52 million fines for release of 399 inmates in Kaduna

Mr Ojo said no fewer than 4068 inmates would benefit from the initiative nationwide.

Calabar Carnival

States

Police beef up security for crime-free Calabar Carnival

The command warned all “potential” dealers and users of fireworks to desist from the illegitimate venture.

Adekunle Ajasin University Akungba

Education

42 AAUA students bag first class, automatic employment

“First Class graduates would be given automatic jobs in the institution after NYSC.”

Minister of industry, trade, and investment, Doris Uzoka-Anite

Economy

FG disburses N150 billion loan to business owners

The minister stated that the loan shall be administered at a single-digit interest rate of nine per cent per annum.

University of Calabar (UNICAL) and Students protesting

Education

Students protest as UNICAL increases school fees by 100%

A protester, Tony Erei, said they would continue the protest until the institution reverted to the status quo.