Airlines Threaten Strike in Nigeria Over Dollar Settlements
- Carriers say dollar shortage hindering earnings repatriation
- Nigeria central bank pledges to clear backlog to lure inflows
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Foreign airlines in Nigeria are threatening to strike unless the government allows them to repatriate their earnings trapped in the West African nation that’s been grappling with an acute dollar shortage.
The Association of Foreign Airlines and Representatives in Nigeria, the umbrella body for international carriers operating in the country, has criticized the government for settling only $61 million of the $800 million in total funds they want to take out.