NANTA advises foreign airlines over dollar sales

The President of the National Association of Travel Agents of Nigeria, Yinka Folami, has accused some foreign airlines of showing “disrespect” to Nigeria by insisting on dollar-denominated ticket sales, warning that the practice undermines the country’s sovereignty and weakens the naira.

Folami made this known during a press conference held ahead of the association’s Annual General Meeting and golden jubilee celebrations, where he also addressed broader challenges facing travel agents, including the ripple effects of the ongoing Israel-Iran conflict.

Speaking firmly on the issue of foreign currency ticketing, Folami said it was unacceptable for airlines to operate in Nigeria while disregarding its local currency.

“When we talk about dollar sales, it is not convenient for me, as the NANTA president, to look at my colleagues and friends in the airlines and say no. That alone is major and substantial; it doesn’t have to be about projects,” he said. “It is disrespectful that some airlines sell in dollars only in our country, a sovereign nation. Even if BASA allows it, what happens to us, to our naira? I strongly think it is disrespectful.”

His remarks come amid growing concerns within the aviation and travel industry over the increasing cost of international travel and the pressure placed on agents and passengers by foreign exchange constraints.

Beyond the currency controversy, Folami painted a human picture of how global crises are directly affecting Nigerian travel agents, many of whom are grappling with declining patronage and mounting refund obligations.

“This Israel-Iran war, we honestly don’t like it. Anytime there is this kind of disruption, we are the first to suffer it, and suffer it really,” he said. “That region is a major hub for Nigeria and takes 30–40 per cent of our traffic. We don’t like it, our members don’t like it, and it is affecting our business in no small measure.”

He added that the financial strain on agents has been particularly severe due to refund demands triggered by disrupted travel plans.

“I, personally, know the number of refunds that I have had to do, and when this happens, we refund in full, including commissions. So we don’t want it, and we can only pray for peace,” Folami lamented.

The NANTA president also highlighted efforts by the association to protect the interests of its members through sustained advocacy and engagement with industry stakeholders.

“What I have kept saying is that what our administration has done and the executive council have been elaborately reported, but in summary, we have been very strong in advocacy, and you guys have helped us,” he said. “When we came in, we said we were going to sit on a three-legged tripod: protection of our market, protection of NANTA and fair play.”

He pointed to the association’s campaign against cross-border ticket sales as a major milestone in reclaiming lost revenue for Nigerian agents.

“I just spoke about cross-border trading, and you people have helped us. Cross-border trading is a sin, and it takes 50 per cent of our market, but today our market has regained its place,” he stated. “That was done not just by us, but our advocacy has forced the hands of industry stakeholders to make those corrections.”

Folami disclosed that the association engaged both airlines and government authorities to address the issue, leading to policy adjustments.