Nigeria's Federal Government is considering a "seat-for-debt" programme that would allow domestic airlines to repay outstanding debts to aviation agencies by allocating discounted flight seats to government agencies instead of making cash payments. The scheme aims to ease airlines' cash-flow pressures while improving government debt recovery. It also includes a settlement system that would automatically remit ticket sales charges to the Nigerian Civil Aviation Authority to prevent new debt accumulation.
Full Story : The Guardian (Nigeria) Newspaper