How dollar pricing in airlines threatens Nigerian travel agents

• NANTA president criticised the signifier of planetary airlines selling tickets successful US dollars, arguing it eliminates 70% of Nigerian question brokers and harms competition
• He emphasised that dollar pricing for tickets is unnecessary, highlighting the stabilisation of the naira and the request to accommodate it successful transactions
• Folarin besides questioned the unfair vantage overseas agencies person implicit home ones and called for practice to destruct visa racketeering, which harms Nigeria’s reputation

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The National Association of Nigeria Travel Agents (NANTA) president, Yinka Folarin, claims that planetary airlines proceed to merchantability tickets successful US dollars.

Photo Credit: Contributor
Source: Getty Images

Folarin spoke connected "Cross Border Trading: Crime Against the Nigerian Economy" connected Radio Mainland 98.3 FM connected Saturday. He claimed that contempt the association's "frank" discussions with the authorities and the airlines to code the problem, it continues to persist.

According to the president of NANTA, the determination eliminates 70% of Nigerian question brokers, jeopardising jobs and competition.

“It is the astir disrespectful happening that tin hap to immoderate sovereign state with a bully market,” Folarin said.“It is precise disrespectful. We ever hide something: we lone dainty the naira arsenic a means of exchange, but the naira is besides a store of value, representing the images of our heroes.“Do you person a 1,000 naira enactment here? Whose representation is connected it? Then you travel to a marketplace and exclude it from transactions. It’s precise disrespectful.”The president of NANTA stated that dollar pricing for tickets is nary longer necessary, emphasising that rates are closing successful and the naira is stabilising.“There’s liquidity, and transparency with CBN oversight,” helium said.“We are astatine the constituent wherever we should beryllium congratulating the CBN and assisting the government.”“What we are asking for successful the commercialized is that, adjacent if you privation to merchantability successful dollars, astatine slightest accommodate the naira. The full exclusion of the naira, speech from the information that it is disrespectful to our sovereign states, excludes 70% of our practitioners — that is our NANTA members.“It excludes them due to the fact that their ain transmission and outgo portal bash not accommodate dollar payments.“So the full happening is anti-competitive against the naira, and, secondly, anti-competitive wrong the trade. And we don’t privation situations wherever determination are occupation losses and such.”

Folarin questioned the worth of specified tactics and emphasised the "unfair" vantage that overseas question agencies had implicit home ones.

The NANTA president besides urged everyone to cooperate successful bid to eradicate visa racketeering, stating that it harms Nigeria’s estimation overall.

Photo Credit: Contributor
Source: Getty Images

Nigerian hose launches low-cost fares

Legit.ng reported that successful a bold determination to heighten West African aerial connectivity, ValueJet has introduced a direct formation work linking Lagos, Nigeria, to Banjul, The Gambia — a destination often dubbed West Africa’s “hidden gem.”

This caller route, which officially began operations connected May 15, 2025, positions ValueJet arsenic the lone bearer presently offering nonstop flights betwixt the 2 cities, streamlining question for some tourists and business travellers.

It is noteworthy that airfares successful Nigeria person surged dramatically successful caller months, making home and planetary aerial question progressively unaffordable for many.

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Source: Legit.ng