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Travellers groan as summer fares spike 200%, N1m per economy seat

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For the third year on the bounce, there will be no summer travel overseas for average holidaymakers in the country. No thanks to the prevailing foreign exchange liquidity crisis that has further raised airfares by at least 200 per cent and average Economy Class tickets above the N1 million-mark.

Findings show that foreign airlines are just as hard-pressed by harsh economic realities as their Nigerian customers that have been looking forward to the season. Quite a number of airlines that had earlier positioned capacity in readiness for the summer peak period are now deploying backend-pricing mechanisms to weather the effects of the forex crisis, invariably passing the cost to consumers.

• Foreign airlines ditch lowest fares, adjust exchange rate to hedge devaluation shocks
• Average travellers lament weak naira to dollar rates, fares
• ‘Demand still resilient’, top travel agencies say

Travel agencies were not unanimous on the extent of attendant dip in demand among average travellers. Undisputed, however, was the upward movement in fares, yet with resilience in patronage, especially among die-hard holidaymakers that would not mind surging costs.

Emerging from two years of pandemic disruptions, the world is fully reopening to summer travels this year. Besides the chaotic scenes at major airports in Europe and America over staff shortages, there is another disincentive for summer travellers in Nigeria – high airfare.

The Guardian survey of booking platforms of major airlines showed a major spike in available tickets to European, United States and Canadian routes among other holiday destinations. On the platforms are the traditional least airfares quoted, though not available for purchase.

Consequently, a Lagos-London-Lagos Economy Class ticket that earlier sold for an average of N350, 000 on platforms of European carriers is now available at higher layers of N1.1 million-plus. Early June 2022, the same tickets were sold for an average of N600, 000 and N650, 000 as at this time last year. Their Business Class variants, where available, were quoted for between N3.5 million to N4.8 million per seat, depending on the airline of choice and time of inquiry.

Lagos-Atlanta-Lagos Economy Class ticket was offered for between N500, 000 to N850, 000 as at June. It now sells for N1.3 million-plus where available. The Business Class fares hover between N3.6 to N5 million per person.

African and some middle-east carriers are offering fairly affordable deals for leisure travellers that would not mind hours of layover at transit airports. On their platforms are an average of N750, 000 fares to major destinations in the Middle-east and Europe.

Some air travellers have described the foregoing quotations as ‘ridiculous’. Abuja-based systems engineer and travel freak, Hameed Ailero, said air travel had gone beyond the middle class earners in Nigeria going by the rates airlines are offering tickets.

Ailero, who also traded-off summer travel last year due to high cost, said the Nigerian authorities should query the foreign airlines for “the discriminatory airfare.”

“For me, that is ridiculous and typical of countries where there are no consumer protection measures. Aviation is supposed to be the business of freedom where almost everybody should be able to fly. But how does one explain a six-hour return ticket that now goes for N1 million and in a country where minimum wage is N30, 000? How many people can afford that? That is what I mean by discrimination against average Nigerians, by both the airlines and complicit regulators.

“In June, when I was planning for a holiday trip, I got a quotation of about N680, 000 to London. Because I was calculating for a family of seven, I felt it was too much. Barely a week later, the rates jumped to over N900, 000. Such leaps in price should be questioned by a government that cares. It does not sound good even for our economy. Whatever could have caused the leap, it is sheer discriminatory against the travelling public,” Ailero said.

Another traveller that would be missing the summer party abroad, Yemisi Ogunleye, said she was banking on summer promo fares on two of the foreign carriers. “I have been travelling for summer holidays for about nine years before the pandemic, and had always got fairly good tickets. This time around, the more I hunt for promo fares, the higher the tickets keep going.

“This N1 million ticket to the UK sounds like a joke to me. Unfortunately, it is not the airlines’ fault. They know that there are categories of people that will still afford it. But if the country is better secured and people can move around on holidays, why should I bother about foreign airlines’ flight tickets?”

Publicity Secretary of the National Association of Nigerian Travel Agencies, Yinka Ladipo, however, said that the airlines did not increase the airfares, but for the rate of exchange that rapidly spiked for reasons not unconnected with decline in the value of the naira and airlines’ funds currently stuck in Nigeria.

The International Air Transport Association (IATA), the clearing house for over 280 airlines globally, recently raised the alarm over a rise in the amount of unrepatriated funds in Nigeria, put at $450 million as at April this year.

Findings showed that the stuck fund, from accumulated sales of flight tickets in local currencies, was in excess of $800 million in November 2021. It was brought down to about $283 million as at March this year, but further increased to $450 million in May, and is estimated to have reached almost $600 million in June.

In that circumstance, foreign airlines had adjusted its perpetually fluctuating Rate of Exchange (RoE) from N411 to as high as N450-plus per dollar, raising airfares some notches to mitigate losses of having funds tied down in a volatile economy.

Ladipo, a travel expert at Dart Travels and Tour, added that the foreign airlines have also blocked layers of affordable airfares for the Nigerian travelling public. “On the platforms, you will, for instance, see fares of N300,000 for London, but it is not available, except for those of N650,000 upward. It is really tough on everybody,” he said.

Chairman of the Airline Passenger Joint Committee of the International Air Transport Association (IATA), Bankole Bernard, added that Nigeria was reaping the dividend of its failure to accord priority to foreign airlines and their cash-calls.

Bernard explained that airlines made monies either by volume or by yield. “Volume is when they sell their cheap tickets so that a lot of people will be able to travel because they are given access to cheap fares. In the absence of volume, they turn to yield and the money they are supposed to make from five people, they will make it from one person and deny the other four that want to travel. So, the airlines did not increase the fares, they only removed the cheap ones for the expensive ones.”

Bernard, who is also the Chief Executive Officer of Finchglow Holdings, added that people, especially the well-off Nigerians, are still braving the odds to travel, though with a tweak in choices of destinations and budget size.

“There are people that will do everything possible to travel because movement has become inevitable. The only difference is that instead of two or three destinations on a summer trip, they will do either two or one. So, the market is booming for summer travel, though people are paying through their nose,” he said.

President of Skal Nigeria, Daisi Olotu, affirmed that without government making allowances for the travelling public, airfares have become cut-throat and even Basic Travel Allowance (BTA) are not readily accessible at the banks.

“Should we then blame the airlines if they insist that they want to sell in dollars? We can’t blame them, but the cost will eventually be passed down to the travellers. Yet travelling is part of education.

“The entire world is moving while we have decided to remain on self-imposed lockdown. That is unfortunate. Yes people are still breaking their banks to travel, but the industry has not grown the way it should and the authorities should be worried,” Olotu said.

IATA’s Regional Vice-President, Africa, and the Middle East, Kamil Al-Awadhi, had described efforts to persuade the Central Bank of Nigeria (CBN) to reduce the backlog as “a hectic ride”.

Al-Awadhi, however, warned that countries with foreign airlines’ trapped funds are sure to have airfares that are three times higher than global rates, to enable airlines to make profit from one leg of the trip instead of on return.

“It is sad that Nigeria owes the bulk of the entire blocked funds. This is very unacceptable. We heard that there is a shortage of dollars. Airlines are scrambling to get more flights to Nigeria. Nigerian travellers are willing to pay for it. But the trapped fund is not helping the airlines and not helping other Nigerians to travel. The prices are ridiculously expensive, more than twice the price. We urgently need the funds for more work,” Al-Awadhi said.

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National Issues

Tinubu vows intelligence-led rescue of abducted Oyo pupils, teachers

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President Bola Tinubu on Monday assured residents of Oyo State that ongoing efforts to rescue abducted pupils and teachers in Oriire Local Government Area would be intelligence-driven, coordinated and sustained.

The President said the Federal Government would deploy every lawful means, including kinetic and non-kinetic measures, to ensure the safe return of the victims abducted during the May 15, 2026 attack in Esiele and Yawota communities.

“Our rescue efforts will be intelligence-led, careful, coordinated, and sustained. We will deploy every lawful tool available, both kinetic and non-kinetic, to ensure our children and teachers are safely returned home,” Tinubu stated in a statement posted on his X handle on Monday.

The President also expressed sorrow over the killing of a school teacher during the abduction and extended condolences to his wife, Mrs Mary Oyedokun, and the bereaved family.

“I also extend my deepest condolences to Mrs Mary Oyedokun, the wife of the late school teacher and her family. Their sacrifice will not be forgotten, and his family will not be abandoned,” he said.

Tinubu stressed that children should never be exposed to the trauma of abduction, noting that no parent should endure the pain associated with such incidents.

“No child should be taken from the safety of a classroom. No parent should have to endure this anguish,” the President added.

He assured affected communities that efforts to secure the release of the abducted pupils and teachers would remain sustained and intelligence-driven.

The statement comes amid growing concerns over insecurity in schools and rural communities following the abduction, which prompted the Federal Government to dispatch a high-powered delegation to the affected communities in Oriire Local Government Area.

The delegation included the Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser, Nuhu Ribadu; the Minister of Defence; and the Inspector-General of Police, Kayode Egbetokun, alongside other senior government and security officials.

Tinubu further disclosed that he had approved additional security measures, including the deployment of a specialised security unit equipped with advanced rescue capabilities to intensify efforts towards the safe return of the victims.

“I have also directed the deployment of a specialised security unit with advanced rescue capabilities to intensify efforts to secure the safe return of the abducted pupils and teachers,” he stated.

The President also revealed that the Federal Government, in collaboration with the Oyo State Government, was mobilising 1,000 forest guards to improve surveillance in forest corridors frequently exploited by criminal elements.

According to him, the initiative would be complemented by broader operational measures aimed at strengthening rescue operations and preventing future attacks.

Tinubu added that a request for the establishment of a military base in the affected area was receiving urgent consideration as part of efforts to bolster security.

Authorities have continued rescue operations amid rising concerns over the safety of schools and rural settlements, insisting that efforts remain focused on securing the release of the abducted victims and preventing a recurrence.

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48 alleged terror financiers named by FG {SEE FULL LIST}

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The Federal Government, on Saturday, published a list of 48 individuals and entities allegedly linked to terrorism financing in Nigeria, naming suspects with reported ties to outlawed groups including the Indigenous People of Biafra, Ansaru, and the Islamic State West Africa Province.

The list was released by the Nigeria Sanctions Committee as part of intensified efforts to disrupt financial networks sustaining terrorist activities across the country.

In a statement accompanying the publication, the committee said the designation of the individuals and organisations was in line with Nigeria’s legal and international obligations to combat terrorism financing.

“The Nigeria Sanctions Committee has approved the designation of the following individuals and entities for their alleged involvement in terrorism financing,” the statement read.

It added, “The action is pursuant to relevant laws and regulations aimed at identifying and freezing assets of persons and organisations linked to terrorist activities.”

The committee explained that the move was targeted at dismantling the financial backbone of insurgent and extremist groups operating within and beyond Nigeria’s borders.

Among those listed are individuals reportedly associated with the Indigenous People of Biafra, a proscribed separatist group; Ansaru, a faction linked to Al-Qaeda; and the Islamic State West Africa Province, one of the most active terrorist groups in the region.

Security experts have repeatedly stressed that cutting off funding sources remains a critical strategy in weakening terrorist operations.

Speaking on the development, a senior government official familiar with the process said the publication sends a strong signal about Nigeria’s resolve to confront terrorism at its roots.

“This is not just about naming names; it is about choking the financial lifelines of terror networks. Once funding is disrupted, their operational capacity is significantly weakened,” the source said.

The committee further noted that relevant authorities and financial institutions have been directed to take necessary steps in enforcing sanctions, including the identification and freezing of assets linked to the designated persons and entities.

“The public is also advised to remain vigilant and report suspicious financial activities to appropriate authorities,” the statement added.

The Federal Government reiterated its commitment to safeguarding national security, insisting that individuals or groups found culpable would face the full weight of the law.

As of the time of filing this report, detailed breakdowns of the sanctions and timelines for enforcement were yet to be made public.

 

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Tinubu declares nationwide security emergency, orders massive recruitment

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Amid rising killings and a wave of mass abductions by gunmen and suspected terrorists across the country, President Bola Tinubu on Wednesday declared a nationwide security emergency.

The President, in a statement personally signed and released in Abuja, also ordered an immediate expansion of the manpower of the Armed Forces and the Nigeria Police Force as the Federal Government rushes to halt the worsening insecurity.

“Today, in view of the emerging security situation, I have decided to declare a nationwide security emergency and order additional recruitment into the Armed Forces,” Tinubu said.

“By this declaration, the police and the army are authorised to recruit more personnel. The police will recruit an additional 20,000 officers, bringing the total to 50,000.”

Tinubu explained that he had already approved upgrades of police training facilities nationwide and authorised the use of selected National Youth Service Corps camps as police training depots.

He added that officers withdrawn from VIP guard duties would undergo “crash training” before being redeployed to areas battling heightened insecurity.

The President also directed the Department of State Services to immediately deploy all trained forest guards to flush out terrorists and bandits hiding in forests across the country. The DSS was further authorised to recruit additional personnel.

“There will be no more hiding places for agents of evil. This is a national emergency. We are deploying more boots on the ground, especially in vulnerable communities. The times require all hands on deck. As Nigerians, we must all get involved in securing our nation,” he said.

Tinubu commended security agencies for jointly securing the release of 24 abducted schoolgirls in Kebbi State and 38 worshippers in Kwara State. He assured that efforts were ongoing to rescue students of Catholic schools in Niger State and other kidnapped Nigerians still in captivity.

“To the leadership and rank and file of our Armed Forces, I commend your courage and sacrifice. This is a challenging moment for our nation and for the military itself. I charge you to remain resolute, restore peace across all theatres of operation, and uphold the highest standards of discipline. There must be no compromise, no collusion, and no negligence,” he added.

The President announced that the Federal Government would support state governments operating community-based security outfits.

Tinubu also urged the National Assembly to begin reviewing laws that would allow states seeking to establish their own police forces to do so.

He warned states against maintaining boarding schools in remote areas without adequate security and advised churches and mosques in vulnerable areas to engage security agencies when organising large gatherings.

On the lingering farmer–herder clashes, Tinubu restated that the newly created Ministry of Livestock Development would provide long-term solutions. He appealed to herders to embrace ranching, end open grazing, and surrender illegal weapons.

“I sympathise with the families who have lost their loved ones in recent attacks on soft targets in Kebbi, Borno, Zamfara, Niger, Yobe, and Kwara states. I also pay tribute to our brave soldiers who have made the ultimate sacrifice, including Brigadier-General Musa Uba,” he said.

Warning criminal groups not to undermine the state, Tinubu emphasised that his administration possessed the resolve and capacity to secure the country.

“Fellow compatriots, I urge you not to give in to fear or despair. Stand firm to defend our freedom and values. Our administration will continue to guarantee peaceful co-existence and preserve our union.”

He called on citizens to remain vigilant, report suspicious activities, and cooperate with security agencies.

Tinubu’s declaration came amid nationwide outrage after the killing of at least five people in Kebbi and Kwara states, and the abduction of over 300 schoolchildren from Government Girls Comprehensive Secondary School, Maga, in Kebbi State, and St Mary’s Catholic School, Papiri, in Niger State.

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