The Central Bank of Nigeria (CBN) has fulfilled its commitment to eliminate the backlog of foreign exchange owed to foreign airlines operating in the country.
As reported by the Guardian, CBN concluded the payment of all verified claims, releasing an additional $64.44 million to the concerned airlines, bringing the total amount disbursed to $136.73 million.
The Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali, confirmed the figures on Tuesday, emphasizing that the latest payment effectively cleared all verified airline claims.
Mrs Sidi Ali highlighted the unwavering commitment of the Governor, Olayemi Cardoso, and the entire CBN team to clearing verified backlog payments in various sectors.
Assuring stakeholders, Sidi Ali stated that the CBN is collaborating with industry players to enhance liquidity within the forex market, aiming to alleviate pressure on the Naira. She expressed optimism that the market would respond positively to the injection of over $64 million.
“The Central Bank of Nigeria, fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in the country, has concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines.”