Not less than 2,000 Nigerian employees working with foreign airlines are set to lose their jobs, according to the National Union of Air Transport Employees (NUATE).
The Acting General Secretary of NUATE, Comrade Olayinka Abioye revealed that due to the new policy on forex and fund transfer by the Central Bank of Nigeria, foreign airlines are unable to transfer earnings to their respective home countries to meet operational costs.
Abioye said the news has jolted workers.
However, he said the Union has penned a letter to the Minister of State for Aviation, Senator Hadi Sirika seeking a quick intervention.
The letter read in part “the reason being adduced for this danger is that their earnings in the past year is under lock with the Central Bank of Nigeria, CBN, as they are unable to transfer these earnings to their respective home countries to meet operational costs in accordance with international rules,
“Following concerns raised recently by leaders of these workers and other stakeholders and in appreciation of the good intent of the government’s fiscal policy, we humbly make this clarion call for your (Minister) intervention to grant foreign airlines concession to repatriate their proceeds to their home countries.