FG ANNOUNCES FLY NOW, PAY LATER POLICY

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FG Unveils “Fly Now, Pay Later” Flight Ticket Policy
The Federal Government of Nigeria has introduced a new aviation financing initiative tagged “Fly Now, Pay Later”, aimed at making air travel more accessible and affordable for Nigerians.
The policy, unveiled through the Federal Ministry of Aviation and Aerospace Development, is designed to allow passengers to book and travel on domestic flights while paying for their tickets in instalments over a specified period.
According to government officials, the initiative is part of broader efforts to boost the aviation sector, stimulate economic activities, and ease the financial burden of air travel on citizens.
The Minister of Aviation and Aerospace Development, Festus Keyamo, explained that the scheme will be implemented in collaboration with selected airlines, financial institutions, and fintech companies to ensure a seamless and transparent process.
He noted that eligible passengers would undergo a simple verification process, after which they can spread payments over weeks or months, depending on agreed terms and conditions.
The policy is also expected to:
Increase passenger traffic across Nigerian airports
Support local airlines with improved cash flow
Encourage business and tourism travel within the country
Industry stakeholders have welcomed the initiative, describing it as a progressive step toward modernising Nigeria’s aviation financing system.
However, experts have advised that proper regulatory frameworks and consumer protection measures must be put in place to prevent abuse and ensure fair access for all Nigerians.
The Federal Government reaffirmed its commitment to strengthening the aviation industry and enhancing travel convenience, stating that the “Fly Now, Pay Later” policy aligns with its vision of an inclusive and economically vibrant Nigeria.

MYCNN

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