President Bola Ahmed Tinubu has directed the Central Bank of Nigeria (CBN) to hold quarterly reconciliatory meeting with foreign airlines to address the challenges of trapped funds.

Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this at the ongoing African Aviation Summit holding in Abuja.

Keyamo, who declared the summit open, said the federal government is addressing the challenges associated with foreign exchange supply which resulted in the humongous sum of money being owed foreign carriers.

He added that addressing the issue of trapped funds was one of the reasons the President was in the United Arab Emirates (UAE) a few days ago.