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Some funds owed to international air carriers by Nigeria were released to try and prevent a crisis in the aviation sector.
The $265 million was released by the Central Bank of Nigeria. The International Air Transport Association said that Nigeria owes $464 million.
Nigeria's failure to repatriate airline revenues will hurt the country's economy. British Airways has stopped travel agents in Nigeria from selling tickets, according to a newspaper report.
The African region could lose up to $700 million in revenues by the year 2022, according to the International Air Transport Association.
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