According to the International Air Transport Association (IATA), foreign airlines are finding it increasingly difficult to retrieve their earnings from Nigeria, with blocked funds totaling $812.2 million. This situation is part of a growing global concern about frozen funds, which threatens global airline connectivity and economic activity. According to IATA, global blocked funds increased by 47% in April 2023 to $2.27 billion, up from $1.55 billion in April 2022. In its most recent estimates, five countries, including Nigeria, account for an alarming 68.0% of total blocked funds. Nigeria ($812.2 million), Bangladesh…
Read MoreForeign Airlines’ trapped funds hit $812m – IATA
