Travel/Tourism
FCMB Backs 2016 Ojude Oba Festival

By Modupe Gbadeyanka
The 2016 Ojude Oba Festival in Ijebu-Ode, Ogun State, will again have the full support of First City Monument Bank (FCMB) Limited, the company has said.
FCMB has always thrown its weight behind the event, which is attended by several people from across the world.
Group Head, Corporate Affairs of FCMB, Mr Diran Olojo, at a press conference organised by the Ojude Oba Festival Planning Committee in Ijebu-Ode on August 29, 2016, explained that the Bank’s continuous support of the Ojude Oba Festival is borne out of its commitment to celebrate and preserve Nigeria’s cultural heritage, while also boosting the tourism sector in line with the government’s ongoing drive to diversify the country’s economy.
FCMB has in the past 10 years continued to play a significant role in ensuring the success of the Festival.
The 2016 edition of the festival holds in Ijebu-Ode, Ogun State, on Wednesday, September 14, 2016.
The Ojude Oba (which in Ijebu dialect means, the king’s fore-court or frontage) is a major festival in Nigeria that began over 100 years ago.
It brings together all sons and daughters of Ijebuland in Nigeria and diaspora for a carnival-like celebration of the traditional, cultural, spiritual accomplishments and other values of the Ijebu nation.
During the Festival, various age groups (popularly known as the Regberegbes), indigenes, their friends and associates from far and near – all in their colourful costumes and riding on horses – throng the palace of the Awujale and Paramount Ruler of Ijebuland to pay homage to him amidst prayers and other fun-filled activities.
In a goodwill message to the Awujale of Ijebuland, Oba (Dr) Sikiru Adetona on the occasion of this year’s Ojude Oba Festival, the Chief Executive Officer of FCMB, Mr Ladi Balogun, congratulated the monarch for upholding the values of Ijebuland and raising the status of the event over the years.
He stated that FCMB is committed to the longevity of the Ojude Oba Festival, and was proud to be associated with it.
“The Ojude Oba Festival has become a long standing yearly tradition we look forward to as a unifying factor and a tourist attraction.
“For over a century, the Festival has gone a long way to showcase, amplify and promote our cultural heritage.
“FCMB has been a major supporter of the Ojude Oba Festival for more than a decade and it has been a mutually beneficial journey.
“As a socially responsible corporate citizen, we realise that globalisation, though essential, could also become a threat to the cultural identity of a people. We also recognise that celebrating the heritage and diversity of Nigeria is important in educating generations to come about the evolution of our country,” Mr Balogun emphasised.
In the same vein, the Founder of FCMB Group who is also the the Olori Omo-Oba Akile Ijebu, Otunba (Dr) Michael Olasubomi Balogun (CON), in a goodwill message to the paramount ruler of Ijebuland expressed his gratitude to the Awujale, especially considering the paramount ruler’s selflessness in attending to the different requests and yearnings of the people of Ijebuland.
In a message delivered on his behalf by Mr Olojo, the spokesman of FCMB, Otunba Balogun commended Oba Adetona for his, “distinguished and exemplary leadership over the years which have continued to endear you to all of us.”
While congratulating the entire indigenes of Ijebuland, the FCMB Founder also prayed that the monarch’s reign would, ‘’continue to bring joy, prosperity and robust health, all in abundance to the entire Ijebu race, at home and in the diaspora, in all that you endeavour to do for our people.”
Apart from the glitz and colours associated with the annual Ojude Oba Festival, the event provides an opportunity for the indigenes of Ijebuland, their associates and well-wishers to discuss pertinent issues that fast-track the development of the Ijebu nation.
The Festival also boosts business activities, tourism and the general hospitality sector in the area, thereby contributing to socio-economic development.
First City Monument Bank (FCMB) is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.
Travel/Tourism
FG Begs Airline Operators Not to Suspend Operations April 20
By Adedapo Adesanya
The federal government has appealed to domestic airlines under the Airline Operators of Nigeria (AON) to refrain from increasing air ticket prices or embarking on the planned suspension of operations.
Recall that yesterday, the airlines said they would halt operations from April 20 following a sharp rise in the cost of aviation fuel, known as Jet A1, by 300 per cent.
In a letter dated Thursday, April 16, 2026, addressed to the President of AON, the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, urged the operators to exercise restraint despite mounting operational pressures.
The appeal came amid threats by airline operators, in an earlier correspondence to the federal government, to halt flight operations from next Monday over what they described as an unsustainable increase in aviation fuel prices.
Mr Keyamo, who acknowledged the severity of the situation, especially with the price of Jet A1 surging dramatically within a short period, however, called for calm.
“I write in reference to your correspondence dated April 14, 2026, concerning the operational challenges currently confronting your member airlines, especially the sudden hike in Jet A1 fuel from N900 per litre as at February 28, 2026, to N3,300 per litre as at today, representing a three hundred per cent (300%) increase,” he said.
The minister commended airline operators for maintaining services despite the challenges, describing their efforts as critical to the nation’s economy.
He reiterated the strategic importance of the aviation sector to the administration of President Bola Tinubu, stressing its role in national development, and made a direct appeal to operators to avoid passing the burden to passengers.
“First, I urge your members to exercise restraint with respect to any proposed increase in airfares at this time. While the prevailing cost pressures on your operations are fully acknowledged, any immediate upward adjustment in ticket prices would impose significant hardship on the travelling public,” he said.
He also warned against suspending operations, noting the broader implications for the economy and public confidence.
“Secondly, I appeal for the reconsideration of any planned suspension of flight operations. Such action would have far-reaching adverse implications for the national economy, disrupt critical mobility and logistics networks, erode public confidence, and undermine the progress recorded under the ongoing reforms within the aviation sector,” he added.
Mr Keyamo assured operators that the federal government was actively working to address the crisis.
“I wish to formally assure you that the concerns raised by your members have received the full attention of the Federal Government and we shall take immediate steps to address the issues,” he said.
As part of efforts to resolve the impasse, the minister disclosed that an emergency meeting had been convened.
“Accordingly, a high-level emergency stakeholders’ meeting has been scheduled to be held on Wednesday, April 22, 2026, in Abuja, bringing together all relevant stakeholders and regulatory authorities with a view to achieving a prompt, practical, and sustainable resolution,” he said.
The development came as Nigeria’s aviation sector grapples with rising operational costs, with fuel accounting for a significant portion of airline expenses. Industry stakeholders warned that without urgent intervention, the situation could lead to widespread disruptions in domestic air travel.
Travel/Tourism
Nigerian Airlines to Suspend Operations from April 20 Over Jet Fuel
By Adedapo Adesanya
The Airline Operators of Nigeria (AON), an industry body grouping around a dozen mainly domestic carriers, have announced plans to suspend all flight operations from April 20, due to the high cost of jet fuel.
The organisation wrote to the Major Energies Marketers Association of Nigeria (MEMAN) on April 14, complaining that jet fuel prices had risen by about 270 per cent since late February, and accused the country’s fuel marketers of artificially inflating the cost.
The cost of fuel has generally risen in the last two months due to the escalating war with Iran by the US and Israel, which has triggered one of the most severe energy shocks in decades. Oil prices have surged above $115 per barrel as markets react to escalating tensions and the risk of prolonged disruption.
At the centre of the crisis is the Strait of Hormuz, a chokepoint through which roughly one-fifth of global oil supply flows. With shipping constrained, the effects are cascading across the global economy, raising fuel costs, fueling inflation, and increasing the risk of economic slowdown across many economies.
AON called the jet fuel increase in Nigeria “astronomical and artificial,” saying it far outpaced global crude oil prices.
The airline’s body said the hike situation has now become unbearable and clearly unsustainable.
“Currently, airline revenues are insufficient to cover the cost of fuel alone, which is only one of many operational expenses incurred daily. The situation continues to deteriorate.
“The actions of fuel marketers are effectively decimating the aviation industry and putting the nation’s economy, safety, and security at risk, as airlines are gradually being forced to suspend operations.
“For the avoidance of doubt, this arbitrary increase has already severely impacted one airline, forcing it to ground all operations since March 13, 2026. This may become inevitable for other airlines if the situation does not change immediately.
“Aviation remains a sector of strategic national importance. The continued arbitrary rise in jet fuel prices is both unhealthy and detrimental to national well-being. Airlines are now facing existential threats, with serious consequences for the broader economy.
“If ticket prices are adjusted to reflect the current cost of aviation fuel, flights will operate with low passenger loads. Conversely, if airlines cease operations, financial institutions will be impacted, millions of livelihoods will be lost, and insecurity may increase.
“We therefore urge you to prevail on marketers to proportionately adjust jet fuel prices in line with international market realities, as airlines can no longer sustain purchases at the current exorbitant rates,” the letter read.
Travel/Tourism
Nigeria Secures 20-Year ICAO Strategic Roadmap
By Adedapo Adesanya
Nigeria recorded a significant aviation milestone during the opening session of the ICAO Global Implementation Support Symposium (GISS) in Marrakesh, Morocco.
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, officially received Nigeria’s Civil Aviation Master Plan (CAMP) from the International Civil Aviation Organisation (ICAO).
This 20-year roadmap (2025–2045) is designed to fundamentally restructure and modernise Nigeria’s aviation sector.
The CAMP is not just a policy document; it is a strategic framework aligned with Nigeria’s National Development Plan.
It focuses on several critical areas, such as upgrading airports to meet global standards and transforming them into Aerotropolis hubs (airport cities) to drive trade and job creation, reaffirming a commitment to a zero-fatality aviation environment through strict adherence to ICAO’s international standards and deployment of advanced systems, including the integration of unmanned aerial systems (drones) into the national airspace.
Others are addressing the skills gap by developing a future-ready workforce through specialised training and global partnerships, and by creating a more attractive environment for private-sector investment, specifically in Maintenance, Repair, and Overhaul (MRO) facilities, to reduce capital flight.
According to a spokesman for the Minister of Aviation and Aerospace Development, Mr Tunde Moshood, the presentation of the CAMP at the ICAO Global Implementation Support Symposium underscored Nigeria’s growing visibility and commitment to international best practices in aviation development.
The ICAO, as the global body responsible for setting standards and regulations for aviation safety, security, efficiency, and environmental protection, he noted, continues to play a pivotal role in supporting Nigeria’s aviation modernisation efforts.
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