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Hospitality & Travel

Covid-19: Travel agencies recorded 46.9% loss in sales in 2020 – NANTA

The association of travel agencies has disclosed a loss of 46.9% in 2020 as a result of the effects of the COVID-19 pandemic on the sector.

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Top 10 travel agencies in Nigeria  

The National Association of Nigeria Travel Agencies (NANTA) announced it recorded a loss of 46.9% in 2020 due to the effects of the pandemic on the sector.

This was disclosed by the National President of the association, Mrs. Susan Akporaiye,  on Tuesday in Lagos said. The association also urged the FG to hasten up the process of acquiring the COVID-19 pandemic vaccine.

“We made total sales of US$57.79m in January 2019 as against US$70.03m same month in 2020, and US$51.52m was realised in February 2019 and US$59.16m, in February 2020.

“Also, we realised US$80.55m in March 2019 and US$23.26m in March 2020 while US$92.50m was made in April 2019 as against US$1.38m in 2020.

READ: AstraZeneca in frantic move to adapt its Covid vaccine as South Africa suspends rollout

“ So, in 2019, we realized US$282.36m and in 2020, we made US$151m bringing the percentage of our losses to 46.9 %.

“ The pandemic’s impact on the Nigerian travel trade sector was brutish, unexpected, and fearful; the pandemic challenged the legacy of the united NANTA,” Akporaiye added.

She added that the International Air Transport Association and the FG have shown support to the agencies so far, citing that IATA has been lenient with travel agencies this period, and also supported “communication channels for counseling our members, we appreciate all these.” 

READ: UK says Nigeria will receive 16 million free doses of Covid-19 vaccine

On Covid-19 vaccines

The association urged the Federal Government to pick up the pace of vaccinations to properly kick start the economy.

“COVID-19 has come to stay, and we need to get vaccines quickly to ensure people’s activities and the economy is not truncated again.

“As an association, we call on the Federal Government to hasten up the process of acquiring COVID-19 pandemic vaccine, either locally or internationally,” she said.

READ: Nigeria allocated 16 million doses of AstraZeneca vaccine – NPHCDA

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What you should know

  • The Coronavirus which spread globally caused a 50% drop in travel agencies’ ticket sales and reservations for international trips.
  • Nairametrics reported the  African Development Bank (AfDB) said 5 million out of Africa’s 7 million aviation and tourism industry-related jobs were lost in 2020. Also, as much as $15 billion in revenue, half of this to African airlines.

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Hospitality & Travel

FG approves reopening of Osubi Airport, Warri for daylight operations

Osubi Airport will be opened for operations in daylight in VFR conditions and observe COVID-19 protocols. 

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The Federal Government approved the reopening of Osubi Airport, Warri, Delta State for daylight operations on Monday.

This was disclosed by the Minister of Aviation, Hadi Sirika, via his Twitter handle on Monday.

According to him, the facility will be opened for operations in daylight in VFR conditions, while observing COVID-19 protocols.

READ: FG to spend N13 billion for automation projects in 4 airports

He tweeted, “I have just approved the reopening of Osubi Airport Warri, for daylight operations in Visual Flight rules (VFR) conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.”

VFR are a set of regulations under which a pilot operates an aircraft in weather conditions generally clear enough to allow the pilot to see where the aircraft is going.

READ: FG to open new Lagos International Airport Terminal in 2021

What you should know

  • The Airport, which was commissioned on 17th April 1999 by the former Minister of Aviation, Captain Briggs, is managed by the Federal Airports Authority of Nigeria (FAAN).
  • In 2020, the Federal Government, in a letter to all the aviation parastatals, had allegedly terminated the contract of Shoreline Oil Services Limited, the operator of the airport, with immediate effect, citing incompetence.
  • The facility has been a subject of controversy since it changed hands from the original owner, Shell Petroleum Development Company (SPDC), to Shoreline in partnership with the Nigeria National Petroleum Corporation (NNPC) in 2015.

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Business

NAHCO recalls suspended GMD

NAHCO recalled Adetokunbo Fagbemi, its Group Managing Director and Chief Executive Officer.

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NAHCO

The Board of Directors of Nigerian Aviation Handling Company Plc (NAHCO Aviance) has recalled Mrs. Adetokunbo Fagbemi, the Group Managing Director and Chief Executive Officer of the aviation handling firm.

The GMD was suspended over Management’s failure to diligently secure the delivery of a purchased equipment from vendor within the contracted period and Management’s inability to provide satisfactory/acceptable reason for the unreasonable long delay.

This was disclosed by the Board via a statement issued and seen by Nairametrics on Thursday.

It stated, “The Board is however pleased to inform the investing public and the Exchange that on, Tuesday, February 24, 2021, a satisfactory evidence of departure and arrival dates of the equipment has been received by the board from the equipment manufacturer.

“Consequently, the Board at its emergency meeting today, February 24, 2021, has recalled the Group Managing Director/Chief Executive Officer, Mrs. Adetokunbo A. Fagbemi from the suspension and she has resumed work.”

What you should know

  • The GMD was suspended by the Board at a meeting held on 27th of January 2021 in line with the Board’s earlier decision that if a certified bill of lading for the equipment was not received by 2nd February 2021, the GMD/CEO shall proceed on suspension with half pay until receipt of acceptable evidence of equipment shipment from the manufacturer.
  • Since Fagbemi commenced her suspension on February 3rd, 2021, Mr. Olumuyiwa A. Olumekun, the Group Executive Director, Corporate Services, has been acting as the GMD/CEO.

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