Daily Trust - How airlines, support firms shared N5bn bailout
Daily Trust reports that the sum of N27bn was initially approved for the industry by the Economic Sustainability Committee headed by the Vice-President, Prof. Yemi Osinbajo. The N27bn for the industry, according to the committee has a project elements which include: to extend grant support including payroll support to the aviation industry including airlines, handlers, caterers and related services; provision of single digit soft loans, with long term repayment plan; deferred payment of taxes and filing dates. However, the Federal Government last week released a N5bn bailout for airlines, gro...