Lagos — The acting Managing Director of the Nigerian Aviation Handling Company, NAHCO, Plc, Mr. Nobert Bielderman, Monday, said that the postponement of the 2015 general elections for six weeks by the Independent National Electoral Commission, INEC, will have an adverse impact on the Nigerian economy to the tune of $2bn (over N400bn) loss.
Speaking with newsmen at a day summit organised by NAHCO Plc, Bielderman noted that the devaluation of the naira against the United States dollars would affect the domestic airline operators as they try to procure their spare parts abroad.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article