Nigerians have significantly reduced spending on foreign air travel, with a 30 per cent drop to $2.66 billion in 2024, driven largely by economic hardships and tighter visa regulations.
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The sharp depreciation of the Naira, from N450.71 per dollar in early 2023 to N1,553.73 per dollar in 2024, alongside inflation soaring to 34.8 per cent, has severely eroded disposable incomes, making international travel less affordable for many.
Experts point to multiple factors fueling this decline, including the removal of Nigeria from e-visa and visa-on-arrival schemes by several countries, stricter immigration policies in developed nations, and a….KINDLY READ THE FULL STORY HERE▶
