Nigeria Faces Aviation Crisis as Fuel Prices Surge by 270%

Airline operators in Nigeria have raised alarm over an unprecedented surge in aviation fuel prices, reporting an increase of about 270%, a development they say is significantly higher than global trends and threatening the viability of airline operations in the country.

The Airline Operators of Nigeria (AON) disclosed the figures after a strategic meeting with government officials and fuel marketers, warning that airlines may be forced to suspend operations if urgent intervention is not implemented within days.

Speaking on behalf of the operators, Air Peace Chief Executive Officer Allen Onyema said the situation is unique to Nigeria, noting that aviation fuel price increases globally have averaged around 70% in comparison.

“Normally, if there is an increase in crude oil prices, aviation fuel follows proportionately. However, we have seen a 270% increase in Nigeria, which is not reflected in other parts of the world, including Africa,” Onyema said.

He explained that the meeting was convened following concerns over rising operational costs and limited access to financing, which are putting severe pressure on airlines already struggling with high borrowing rates.

According to Onyema, operators have been given assurances that discussions between regulators and fuel marketers are ongoing, with expectations of a resolution within 48 hours.

“We expect that in the next 48 hours, something drastic is done because no airline in this country will be able to operate in the coming days if nothing changes,” he warned.

He added that while airlines are willing to continue operations, financial constraints and escalating fuel costs are making it increasingly difficult to sustain flights.

Despite the crisis, Onyema noted that government engagement has been encouraging, citing intervention from the presidency and the Ministry of Aviation during ongoing consultations.

“The president is listening, and this gives us hope. We are optimistic that a solution will be reached,” he said.

The development has sparked concern within Nigeria’s aviation sector, with stakeholders warning that continued price instability could disrupt domestic and regional air travel if not urgently addressed.