Passengers suffer as foreign airlines raise fares amid forex crisis

Passengers suffer as foreign airlines raise fares amid forex crisis

Travellers in Nigeria are increasingly dismayed as airfares soar, making it difficult for them to pursue their desired trips.

The fluctuating foreign exchange rates, following the decision to float the naira at the Investor’s and Exporters’ Window, have further exacerbated the situation.

President Bola Tinubu had previously promised to unify the nation’s exchange rates, but the ensuing currency fluctuations have impacted Nigerians, particularly international students planning to resume school in September.

Air ticket prices have skyrocketed, making travel especially challenging when compared to neighboring countries like Benin and Ghana, where airfares remain significantly cheaper.

Many Nigerian travellers have started exploring alternatives, such as traveling through Benin Republic, where flights are more affordable and closer to major Nigerian cities like Lagos.

The unstable foreign exchange rates have also created additional challenges for students, leading to increased tuition fees and visa expenses.

Travellers express frustration over the uncertainties and financial burdens caused by the unpredictable fluctuations in foreign currency rates.