- IATA has raised a red flag on $1.68 billion in unreleased airline funds across Africa
- The association has condemned the reluctance to permit international airlines to repatriate their profits
- It added that the challenges will contribute to increased air travel costs and reduced African accessibility
The International Air Transport Association (IATA), the primary global trade association for airlines, has once more voiced disapproval toward Nigeria and other African nations for their reluctance to permit international airlines to repatriate their profits.
The organisation highlighted that the accumulated funds currently trapped in African countries amount to an estimated $1.68 billion.
