By Munachimso Obienyi
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the sum of $265 million has been earmarked for disbursement to foreign airlines through their various banks.
Emefiele stated this on Monday while speaking at a mediation meeting convened by the speaker of the House of Representatives, Femi Gbajabiamila, between the apex bank, stakeholders in the aviation sector on the $700 million blocked funds of foreign airlines operating in the country.
According to him, $110 million has already been disbursed, while another $120 million will be disbursed to the foreign airlines by the end of October.
The CBN governor implored foreign countries to grant landing permits to Nigerian Airlines to fly their routes so as to reduce the burden of accumulated funds going forward.
