Airlines Are Folding Up Because Of Buhari’s Policies – Arik Air Chairman

Chairman of Arik Airline, Joseph Arumemi-Ikhide, has described economic policies by the President Muhammadu Buhari-led government as the reason why airlines are folding up.

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Buhari’s Policy also faulted Forex policies by the Central Bank of Nigeria.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

He also said Nigerian airlines “are just offering national service” as the fares are the lowest in the world.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

“Government policies, or central bank policies do not favour us. For example, the CBN said that 60 percent of foreign inflow should be for manufacturers,” he said in an interview on Channels Television.