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Like Nigeria, Angola cuts petrol subsidy to promote solid economic growth

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Angola says it has decided to reduce its spending on petrol subsidy.

After the cabinet meeting on Thursday in Luanda, the country’s capital, Manuel Junior, minister of state for economic coordination, said the subsidy reduction will take effect from Friday.

He said this would lead to an increase in the price of petrol from the current 160 kwanzas (about $0.27) per litre, to 300 kwanzas (about $0.51) per litre.

The change in price represents an 87.5 percent rise, starting from 1.00 am, on Friday.

Subsidies on other petroleum products, such as diesel, cooking oil, and gasoil (a type of diesel), will remain unchanged, he said.

The minister said the removal of petrol subsidy is “a necessary measure to promote solid economic growth capable of addressing the serious problems facing the country”.

Junior said Angola’s expenditures on fuel subsidies amounted to $3.8 billion in 2022.

On her part, Vera Daves, minister of finance of Angola, said removing the petrol subsidy was a sovereign decision of the Angolan state and was not influenced by external pressure from the International Monetary Fund (IMF).

According to a government report obtained by Xinhua, Angola’s ministry of finance had put forth a proposal for a phased reduction of petrol subsidy beginning in the second quarter of 2023.

The report also recommended a gradual and progressive removal of the subsidy on diesel and illuminating oil prices, with the process projected to last until 2025.

Angola has the fourth-lowest petrol prices in the world ($0.28) after Libya, Iran, and Venezuela, according to data compiled by Globalpetrolprices.com.

According to a report released on May 11 by the Organisation of the Petroleum Exporting Countries (OPEC), Angola is Africa’s top crude oil producer, with production averaging 1.06 million barrels per day in April.

The country’s petrol subsidy cutback comes at a time when Nigeria, Africa’s major oil-producing country, is experiencing post-subsidy realities.

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FG grants Air Peace approval to commence Abuja-London flights

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The federal government (FG) says it has approved the commencement of flight services from Abuja to London by Air Peace.

Festus Keyamo, minister of aviation and aerospace development, spoke on Channels television on Thursday.

Keyamo said he gave the approval for Air Peace to add Abuja to its London route on April 24.

“Just yesterday (Wednesday), I approved Air Peace for the Abuja-London route, not only Lagos-London route,” the minister said.

“British Airways also come to Abuja.

“So, let Air Peace block that path and start a war. It’s all for the good of Nigerians.”

Speaking on the British government’s refusal to grant operation access to Heathrow Airport, Keyamo said the federal government agreed to operate the Gatwick Airport.

He said Air Peace or any interested local airline should be operating to Heathrow Airport and not Gatwick.

The minister said the Gatwick Airport is only a low-hanging fruit and a starting point.

Keyamo said he has been reviewing the bilateral air service agreement (BASA) between the United Kingdom (UK) and Nigeria and some decisions would be made after the exercise.

On March 30, 2024, Air Peace began direct flight operations from Lagos to Gatwick Airport in London.

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Lagos-bound Air Peace flight makes emergency landing after false fire alarm

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Air Peace says its Port Harcourt-Lagos flight landed at the destination airport earlier than scheduled, following a presumed fire incident on the aircraft.

In a statement on Thursday, the management of Air Peace said a few minutes before landing, the aircraft’s captain noticed a fire warning indicator in the cockpit.

The airline said upon landing, it was discovered that the alarm was falsely triggered as ‘there was no fire event”.

“We wish to inform the flying public of an incident that occurred during our Port Harcourt-Lagos flight P47193 of today, April 25, 2024,” the statement reads.

“Some minutes before landing, our Captain noticed a fire warning indicator in the cockpit. The pilots performed all safety precautionary measures and the fire indicator went off.

“The Captain immediately notified our Operations Control Center in Lagos at 17:37hrs.

“It was determined upon landing that the alarm was falsely triggered as there was no fire event.”

According to the airline, the plane landed safely and all passengers disembarked “normally”.

Air Peace reassured the travellers that safety remains its top priority, expressing unwavering commitment.

On April 17, an Owerri-bound Air Peace flight turned back to Abuja over ‘sunset operations’ at its destination airport.

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Dana Air initiates refunds following suspension by NCAA for safety audit

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Dana Air has announced that it is processing refunds for flights affected by its recent temporary suspension.

The Nigeria Civil Aviation Authority (NCAA) imposed the suspension to conduct a safety and financial audit following a runway incursion incident involving one of the airline’s aircraft on Tuesday.

The airline disclosed this information in a statement on its official X (formerly Twitter) account on Wednesday, apologizing for the inconvenience and disappointment the suspension may have caused its passengers regarding their travel plans.

According to Dana Air’s statement, passengers who have already booked flights are instructed to send their flight booking details (PNR) and bank account numbers to contact@flydanaair.com for refunds.

  • “In light of the suspension, we understand that you may have concerns regarding your bookings and travel plans. We assure you that we are processing refunds for affected flights over the next month.
  • “To expedite this process, we kindly request that passengers send their booking details (PNR) and bank account numbers to contact@flydanaair.com,” the statement read in part.

The statement also assured Dana Air customers that the airline is fully cooperating with aviation authorities to address any concerns and ensure that the matter concerning the suspension of its operating license is swiftly resolved.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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