Air Peace CEO Allen Onyeama: Earning N200,000 In Nigeria Better Than £2000 In UK

Air Peace CEO Allen Onyeama: Earning N200,000 In Nigeria Better Than £2000 In UK

Allen Onyeama, the Chief Executive Officer (CEO) of Air Peace, has made a bold claim, stating that earning N200,000 per month in Nigeria is better than earning £2000 in London. According to Onyeama, the purchasing power of £2000 in London is equivalent to what N2000 can buy in Nigeria, making anyone earning £2000 in London essentially a pauper…..READ ALSO A Looming Concern: Is Air Peace Nearing The Dubious Title Of The Country’s Worst Airline?

In an interview with TVC News, Onyeama emphasized the value of the Nigerian currency, stating that the naira has been undervalued and urging Nigerians to have more faith in their national currency.

He argued that despite the challenges faced in Nigeria, such as high inflation rates and currency devaluation, the quality of life for someone earning N200,000 in Nigeria is still better due to factors like lower living costs and the ability to afford domestic help like maids and drivers.

Onyeama also highlighted the importance of government support for Nigerian airlines, emphasizing the need for access to dollars to compete effectively in the aviation industry. He called for a review of bilateral air services agreements (BASA) to address issues such as city hopping by foreign airlines, which he believes puts a strain on the naira and the economy.

Overall, Onyeama’s comments underscore the complexities of economic dynamics and the need for policies that support local industries and businesses while also addressing challenges related to currency devaluation and access to foreign exchange.

Join our channel for more latest news https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32