Why airlines fail in Nigeria — AMCON MD

Many airlines have failed in Nigeria because of a myriad of unethical business conduct, including greed and financial rascality by their owners, the managing director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has said.

Mr Kuru who was represented by a top official of AMCON, Tajudeen Ahmed, spoke in Lagos on Saturday at the Aviation Leadership CEO’s Roundtable to commemorate the 10th anniversary of Aviators Africa magazine.

Also, he said those who are still operational are struggling for survival due to overbearing charges and taxation by regulatory agencies.

He àlso blamed the challenges faced by the airlines operators to the unpredictable and unstable foreign exchànge regime in the country; the non-existent good corporate governance principles; lack of…

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