FG Loses N120bn to Illegal Private Jet Charters – Report

 A recent report by the National Economic Intelligence Committee (NEIC) has revealed that the Federal Government is losing approximately N120 billion annually due to illegal private jet charter operations. These unauthorized services are depriving the government of substantial revenue from taxes and regulatory fees.

The NEIC report indicates that numerous private jet operators are conducting commercial charter services without proper licensing. This practice not only violates aviation regulations but also results in significant financial losses for the government.

The proliferation of illegal charters undermines the operations of legitimate operators who comply with regulatory requirements and pay necessary fees. This unfair competition could potentially compromise safety standards and the overall integrity of the aviation sector.

In reaction to the report, the Ministry of Aviation has vowed to intensify surveillance and enforcement actions against illegal operators. The Minister emphasized the need for strict adherence to regulations to ensure safety and maximize revenue generation.

Industry stakeholders have lauded the report, urging the government to implement its recommendations promptly. They advocate for stiffer penalties for violators to deter illegal activities and protect the interests of compliant operators.