There appears to be no succor to the Nigerian aviation sector three weeks after the Central Bank of Nigeria (CBN) released a small amount of the foreign airlines’ stuck funds in the country.

Affordable travel tickets that were earlier withdrawn by the foreign airlines in the wake of the crisis have continued to elude the Nigerian market, even as the stuck funds accumulate and are now projected to hit $500 million by November.

Guardian reports that President of the National Association of Nigerian Travel Agencies (NANTA), Susan Akporiaye, said the consequence was the misfortune of Nigerian travelers still buying an average six-hour Economy Class ticket for between N1.5 to N2.2 million. The Business Class variant sells at an average of N4 to N5 million – being over 200 per cent spike of the rate sold in other parts of the world.