• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, May 31, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Travel agencies lose N180bn to COVID-19

The Matters Press by The Matters Press
March 21, 2020
Reading Time: 2 mins read
0
Nigeria, nine others fail to sign air market deal


The National Association of Nigeria Travel Agencies (NANTA) says that travel agencies in Nigeria have suffered financial losses to the tune of about N180 billion since the outbreak of the dreaded coronavirus disease.

RELATED POSTS

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

The National President of the association, Mr Bankole Bernard, made the disclosure at a news conference in Lagos on Friday.

Bernard said the outbreak of the pandemic had grounded the global travel business in which Nigeria is key player.

“It is disheartening that travel agencies have suffered losses of over N180 billion since the outbreak of COVID-19.

“There will be a global recession because virtually every aspect of the economy has been affected.

“We are in prayers that this sad period shall not remain a permanent feature. We are strong, hopeful and prayerful.”

Bernard said that airlines had also lost over $200 billion globally as almost all airlines had been grounded.

He said that the development had also affected the International Air Transport Association because the association’s staff had been told to operate from home, due to sporadic spread of the disease.

He, however, announced that due to the widespread of the disease, the association had decided to postpone its 44th Annual General Meeting (AGM) earlier slated to begin from March 25 in Kano.

According to him, the association is mindful of the consequences of COVID-19 to the wellbeing of members but was more concerned about the health of industry players and customers.

He said the association, with 1,600 members was impressed with government’s response so far, particularly with the restrictions of passengers and airlines from high risk countries.

“We crave understanding and urge all NANTA members to obey all government’s rules and regulations concerning the management of this pandemic.

“We are not alarmed or in panic mood but sufficiently aware to follow directives of the Federal Government’s task force on COVID-19

“The postponement of the AGM is not out of fear but consideration of what is going on as regards COVID-19, to keep our members safe.

“We have directed our members to be alert and proactive at this sad period even as we continue to pray and monitor the spread and development.

“Our association is in pains concerning the deserved shifting of our prime gathering.”

He said the association was working to create adequate awareness on preventive measures for the disease, especially to its members and Nigerians in general.

The president commended the Nigerian Civil Aviation Authority and the Nigeria Centre for Disease Control for their collaboration with other stakeholders toward containing the outbreak, saying that the efforts had yielded positive results.

“The economic impact of this disease on our industry is enormous. The aviation industry is so fragile that whatever affects any aspect of the nation’s economy affects the aviation sector,” Bernard said.

Tags: Airlines
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Next Post
Swiss Bank expects profit of $50bn

Saudi Arabia to commit $32bn to support firms

Nigeria plans to ban milk importation

Nigeria plans to ban milk importation

Recommended Stories

Nigeria loses $25b to foreign ship owners

Cargo loss to neighbouring nations troubles expert

January 3, 2024
Ellah Lakes signs technical support agreement with IITA

IITA reintroduces African Yam-Bean with 40 varieties

February 16, 2023
Port Harcourt refinery fully operational

Port Harcourt refinery fully operational

December 21, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office
  • Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us