The Nigerian Minister for Finance and Coordinating Minister for the Economy recently issued a circular on the implementation of a luxury surcharge on private jets and a levy on certain air tickets with an effective date of 11 February 2015. The circular was issued despite the fact that the 2015 budget proposal that includes the new luxury surcharges and levies has not yet been approved. According to the circular, registered and local foreign private jets operating in Nigeria are subject to a surcharge base on the weight of the jet at a rate of NGN 3,200 per kilogram. For first...