Festus Keyamo is meeting with representatives of the Federal Ministry of Petroleum Resources, oil marketers and airline operators to address the sharp rise in aviation fuel prices.
The talks follow a threat by the Airline Operators of Nigeria to halt operations over what they describe as an unsustainable surge in the cost of Jet A1 fuel, which has risen by about 300 per cent.
The Federal Government convened the meeting as part of efforts to stabilise the aviation sector and ensure uninterrupted air travel across the country.
In a letter dated 14 April 2026 and addressed to Clement Isong of the Major Energies Marketers Association of Nigeria, airline operators said the price of Jet A1 had climbed from ₦900 per litre at the end of February to ₦3,300 per litre within weeks.
They described the increase as artificial and far exceeding global trends, noting that international crude oil prices rose by only about 30 per cent over the same period.
The operators said airlines had absorbed the rising costs for more than four weeks out of national duty but warned that continued operations are no longer viable, as revenues cannot cover fuel expenses alone.
They also accused fuel marketers of undermining the aviation industry, warning that the situation could threaten the wider economy, safety and national security.
According to the group, the impact is already evident, with at least one airline suspending operations since 13 March 2026 due to soaring fuel costs, while others may follow if urgent measures are not taken.