The National Association of Nigerian Travel Agencies (NANTA) has criticized three foreign airlines for insisting on dollar-only ticket sales in Nigeria.
On September 30, 2025, NANTA President Yinka Folami called the practice disrespectful to Nigeria’s sovereignty and harmful to the naira.
Defying Currency Reforms
Folami noted that while most airlines accept naira amid improved foreign exchange conditions, these carriers refuse to comply.
“It’s arrogance,” he said, highlighting Nigeria’s recent monetary stability and transparent fund repatriation for over 30 airlines.
Sovereignty Concerns
Speaking as both an industry leader and a Nigerian, Folami argued that dollar-only ticketing challenges the nation’s economic independence.
“The naira must be respected in its own country,” he urged, calling for fairness.
Expert Insights
Aviation expert John Ojikutu suggested unresolved issues with trapped funds might drive the practice.
“If debts are cleared, the government must stop this immediately,” he said, suspecting internal profiteering. He stressed Nigeria’s right to enforce naira use.
Industry Context
Most airlines now operate in naira, aligning with government efforts to strengthen the currency. The holdouts risk undermining these gains, frustrating stakeholders in Nigeria’s aviation sector.
Why It Matters
The dispute reflects broader tensions over economic control. Rejecting the naira threatens Nigeria’s financial stability and efforts to boost investor confidence.
What’s Next
NANTA demands compliance with local regulations. The government may investigate the airlines in 2025 to ensure fair practices and protect the naira.
Armenian Dram
Ghana Cedi
Gambian Dalasi
Guinea Franc
Nigerian Naira
CFA Franc BEAC
