The President of the National Association of Nigerian Travel Agencies (NANTA), Mrs. Susan Akporiaye, has expressed appreciation for the Federal Competition and Consumer Protection Commission’s (FCCPC) plan to investigate airfare pricing in Nigeria. NANTA had previously raised concerns about exorbitant airfares impacting the Nigerian traveling public and travel trade professionals.
Akporiaye welcomed the response from the Federal Government and the assurance from the Executive Vice Chairman of FCCPC, Babatunde Irukera, that investigations would commence into the current structure of airfares in Nigeria. She described it as a “Christmas and New Year gift” to travel agents and pledged NANTA’s cooperation in providing information to help regulate airfare management.
Irukera, during a press event in Abuja, explained that there were provisions in law against price gouging and emphasized the need for a detailed investigation into high airfare in Nigeria. He acknowledged the complexity of forensic studies in airfare pricing and emphasized the importance of establishing evidence before taking regulatory action.
Source: The Punch