Nigeria: Elections Postponement Will Cost Nigeria N400 Billion - NAHCO Boss

2 March 2015

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.

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