The Senate on Monday rejected the plan by the Federal Government to give N 5 bn bailout to the operators of the aviation sector following the losses they suffered as a result of the COVID – 19 pandemic .
The Chairman , Senate Committee on Aviation, Senator Smart Adeyemi , had at the opening of a three – day public hearing on the six executive bills meant to reorganise the civil aviation agencies in the country , made a case for bailout for the sector.
But the Minister of Aviation, Senator Hadi Sirika , disclosed that the Federal Government would soon start the disbursement of the N5 bn bailout it approved for the operators of the sector.
The minister said the airline operators would get N4 bn while other businesses in the aviation sector would be given N1 bn .
He said , “ The Federal Government has approved N4 bn as bailout for the airlines and N1 bn for other businesses within the civil aviation .
“ We are already putting arrangements for the disbursement in place and once we start , it would be transparently done . ”
However , the Senate Committee Chairman said the N 4 bn would not be enough to keep the airline operators in business .
Adeyemi said the N4 bn approved for the airline operators was too small, going by what was happening globally in the aviation sector.
