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IATA Advocates Deeper Industry, Governments partnership on Smarter Regulation

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The International Air Transport Industry (IATA) advocated for an even deeper partnership with governments based on global standards in the critical areas of safety, infrastructure, security, regulation, and environment.

“Aviation is built on partnerships and the relationship with governments is key. Airlines and governments are well-aligned on safety. But in other areas of government responsibility—infrastructure, security, regulation, and environment—there are opportunities for a deeper partnership,” said Tony Tyler, IATA’s Director General and CEO.

The call came in Tyler’s Report on the Air Transport Industry to the 71st IATA Annual General Meeting and World Air Transport Summit, which is being held in Miami.

This year some 3.5 billion people and 55 million tonnes of cargo will travel safety by air over a global network of 51,000 routes.

Airlines directly employ 2.5 million people and support another 56 million jobs in the industry’s value chain. Its role as a catalyst of economic growth is evident as some $6 trillion of goods find their way to global markets via air transport.

“For nations, connectivity is much more than a competitive advantage. It is an economic necessity. And aviation’s intangible benefits make it a force for good in the world. So there is a tremendous common interest with governments to support safe, efficient, and sustainable global connectivity that only air transport can provide,” said Tyler.

Safety: It is a tragic paradox that in 2014 aviation recorded its safest year ever (with one jet hull loss for every 4.4 million flights) yet it remained constantly in recent world headlines over safety issues.

Working with governments through the International Civil Aviation Organization (ICAO), significant progress was made with issues raised as a result of the MH 370 and MH 17 tragedies.

A 15-minute position reporting standard is being developed and governments are working together to share security information more effectively.

“We will not be satisfied until the outrage of MH 17 is fully addressed in a global convention to control the design, manufacture, sale and deployment of weapons with anti-aircraft capability,” said Tyler.

The findings of the full investigation on the Germanwings 9525 tragedy will see “regulators and industry looking at the balance needed to monitor the mental health of crew in an environment aligned with the non-punitive Just Culture that drives safety forward,” said Tyler.

Tyler warned against a rush to judgment or regulation in the immediate aftermath of accidents, even in an age where news is unbridled and ubiquitous. “We must not allow anything to undermine the well-established accident investigation standards and processes, which lead to findings that improve safety,” said Tyler.

Infrastructure: Aviation can only deliver its significant social and economic benefits if it has adequate, cost-efficient infrastructure capacity to meet growing demand.

“We seek to work in partnership with governments based on the global principles that they have agreed through ICAO. Transparency and consultation will ensure that what is built matches business needs at a price that is affordable and mutually beneficial,” said Tyler.

Tyler noted several critical infrastructure challenges where more alignment is needed, including finding a solution to expand airport capacity in the Southeast of the UK, addressing the high cost of fuel in Brazil and Africa, keeping costs at Hong Kong International Airport competitive as it funds construction of a third runway, and improving efficiency in Chinese air traffic management.

Tyler expressed the industry’s longstanding frustration at the slow pace of progress on the Single European Sky (SES). “The initiative languishes. States are paralyzed by self-interested national organizations, which show no regard for the impact of their inefficiency on economies or consumers,” said Tyler.

Tyler noted industry support for initiatives to reform the funding of the air traffic management organization in the United States. “There is finally a growing recognition that funding such an essential service as air navigation should not be held hostage to a game of political brinkmanship in the setting of the national budget. The discussion about the corporatization of air traffic management is a welcome development,” Tyler added.

Security and Facilitation: The aviation industry and governments are partners in aviation security. “We have a common interest in keeping our passengers, crew, and cargo secure with efficient and respectful processes built around global standards. While there has been tremendous progress over the last few years, our customers still see security and border controls as big pain points in their journeys,” said Tyler.

“We must join forces to encourage governments to align on a risk-based approach, adopt global best practices, recognize equivalent measures by other governments, stop wasteful and paper-based processes, and make full use of available technology,” said IATA DG.

Three key areas were identified for urgent action by governments:

Known traveler programs: Linking these programs across borders;

Advance Passenger Information: Harmonizing requirements around ICAO standards and aligning processes to eliminate redundant paper documentation and reduce queuing times and

Cargo security: Driving efficiency through harmonized processes facilitated by global standards created through cooperation between IATA, ICAO and the World Customs Organization

Regulation: IATA advocates for Smarter Regulation aligned with global standards. “Our message is that regulation needs to be Smarter. To start, the benefits of any regulation must outweigh its costs. It should be consistent with global standards, proportional, well-targeted, fair, and clear about what is expected. These common sense principles are best achieved through a process of rigorous consultation that includes a focus on keeping the compliance burden to a minimum,” said Tyler.

Tyler noted four priority areas where progress is critical:

Ratification of the Montreal Convention 1999 (MC99): Some 112 countries have signed MC99, which establishes a globally harmonized liability regime and is a pre-requisite for countries to accept electronic documentation critical for the modernization of cargo processes (e-freight).

Thailand, Indonesia, and Russia are among the key countries that IATA is urging to ratify the convention;

Consumer Protection: “Governments appear to be losing faith in a basic principle of commerce—that businesses become successful by pleasing customers. Many regulators are adopting passenger rights regimes—some of which come close to dictating product design and marketing.

Worse, there is no international coordination. When things go wrong, passenger need clarity, not confusion,” said Tyler. IATA urges governments to align consumer protection initiatives with principles being developed through ICAO.

New Distribution Capability (NDC): In light of imminent innovation in the distribution of air travel products as a result of the US Department of Transportation (DOT) approval of the NDC foundational standard, Tyler called on the DOT to abandon provisions in its Consumer Rule Three that would force airlines to display some ancillary products through third party distribution channels not necessarily of an airline’s choosing. “It would be a step backwards when we are set for a giant leap forwards on transparency,” said Tyler.

And, Tyler urged governments and industry to stay focused on global solutions to manage aviation’s carbon footprint in the run-up to the ICAO Assembly next year.

“We’ve always understood that our common interests and those of the environment are best served by a united industry position and a global approach. We are at the forefront of industries addressing climate change with clear targets to improve fuel efficiency by 1.5% annually to 2020, to cap net emissions with carbon-neutral growth from 2020, and to cut net emissions in half by 2050 compared with 2005,” said Tyler.

These goals are being pursued with a four-pillar strategy based on improved technology, more efficient operations, better infrastructure, and an effective, global market-based measure.

Two priorities were identified:

Sustainable Aviation Biofuels: Airlines are making significant investments. However, supply is limited and prices are not economical. “Progress on biofuels is being held back because governments have not adopted a policy framework to incentivize production. That’s needed for prices to fall to commercially viable levels,” he said.

Market-based Measure: The airline industry is calling on governments to agree on a global mandatory carbon offset scheme that would help manage aviation’s carbon footprint in line with Smarter Regulation principles.

“There is considerable interest from governments in the mandatory carbon offset approach. It would be the easiest type of scheme to implement. It could be administered on a cost-effective basis. And it has the scope to allow for the different political interests at play to be taken into consideration,” said Tyler.


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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.

The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.

The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.

After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:

Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.

Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.

Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.

Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.

Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank

The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.

Attendees will also learn strategies to stay ahead in an evolving regulatory environment.

The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.

These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.

The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.

“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.

“Information is money and a well-informed business owner is already steps ahead in the race to success.

“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.

Interested participants can register via https://bit.ly/2026TaxLawMasterclass .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.

Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.

“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.

The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.

The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.

PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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