The National Association of Nigerian Travel Agencies (NANTA) has intensified its criticism of foreign airlines selling tickets in US dollars within Nigeria, framing the practice as not only economically damaging but also a violation of national sovereignty. NANTA President Yinka Folari’s remarks highlight several key concerns.
Folarin argues that dollar-denominated ticket sales undermine Nigeria’s monetary policy and weaken the naira, despite recent stabilisation efforts by the Central Bank of Nigeria (CBN). By refusing to accept naira payments, foreign airlines effectively sideline the local currency, creating artificial dollar demand and contributing to exchange rate volatility. This practice also forces Nigerian travellers to source dollars at high rates, further inflating ticket prices.
A major grievance is the growing trend of foreign-based travel agents undercutting Nigerian agencies by selling cheaper tickets for routes originating in Nigeria. This cross-border ticketing exploits regulatory loopholes, as foreign agents (often operating in jurisdictions with lower taxes or weaker regulations) offer lower fares, depriving Nigerian businesses of revenue. Folarin praised British Airways for implementing policies that prevent such practices by prioritising local sales for Nigeria-originating flights.
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If foreign airlines and agents continue dominating the market through dollar transactions and cross-border sales, Nigerian travel agencies risk losing business, leading to potential job cuts. Folarin warned that without government intervention, the local aviation sector could become increasingly marginalised, with foreign entities controlling pricing and distribution channels.
Beyond airline ticketing, Folarin raised concerns about visa fraudsters tarnishing Nigeria’s reputation. He clarified that most perpetrators are not registered NANTA members, emphasising the need for stricter regulations to curb illegal practices that harm legitimate travel businesses.
Both Folarin and aviation expert Dr. Wole Oyebade urged the Nigerian government to take decisive steps, including mandating naira transactions for all domestic airline ticket sales.
Strengthening regulatory oversight to prevent cross-border ticket undercutting. Engaging in diplomatic and economic measures to protect Nigeria’s aviation and tourism sectors from exploitative foreign practices.
NANTA’s stance reflects broader frustrations over foreign dominance in Nigeria’s aviation market. The association is pushing for policies that prioritise local businesses, stabilise the naira, and ensure fair competition. Without government intervention, Nigeria risks ceding control of its travel economy to external players, with long-term repercussions for employment, currency stability, and economic sovereignty.
