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Emirates Trapped Funds Will Be Settled, Sirika Promised

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 Hadi Sirika, Minister of Aviation has said that his Ministry is putting measures in place to ensure that the trapped funds of Emirates Airlines are paid as soon as possible.

The Minister spoke in Abuja, when he appeared before the Senator Biodun Olujimi, led Senate Committee on Aviation to defend the 2023 Budget estimates.

Sirika said that while the Federal government of Nigeria was working to address the problem, Emirates airlines must exercise restraint and treat Nigeria as a Sovereign and valuable market.

Emirates recently suspended flight operations in and out of Nigeria owing to its inability to repatriate $85 million from Nigeria.

Sirika who spoke on United  Arab Emirate, UAE , Nigeria  relationship, said: ”There were blocked funds in Nigeria. They signed an agreement. Recession plus covid led foreign exchange to be scarce and we pleaded with airlines to give us time to allow Nigeria  pay their money.

“Almost all countries except UAE understood and we are trying to pay this money, but my concern is that countries go through war and problems and there should be mutual understanding with each other. We need their service, but they need our market more. We are assuring them that the money will be paid, but they should exercise restraint and treat Nigeria with value.

“There is no market in Aviation in the world as good as nigeria. If we build our Arline’s to run internationally this will be of benefit to us. Emirates airline and the authorities should see us as sovereign and a market they need and should treat us as such.”

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