President Bola Tinubu has approved the reduction of deductions in aviation agencies’ internally generated revenue (IGR) from 50 percent to 20 percent.
Gbenga Saka, special adviser on digital media to Festus
Keyamo, minister of aviation and aerospace development, announced on his X page
on Friday.
On Tuesday, aviation union workers, in a memo, called on the
federal government to discontinue the deduction of 50 percent in revenue
generated by aviation agencies.
The workers had threatened to embark on a one-day strike to
protest, adding that agencies are “cost recovery, and not profit making
organisations,” hence “cannot survive on half revenue”.
Responding to their agitation, Keyamo on Friday, said the
demands of the aviation workers have been “duly noted” and their demands would
be given due consideration.
Following the minister’s statement, Saka said the president
has approved a reduction.
“President Bola Ahmed Tinubu has authorized a significant
reduction in deductions from the Internally Generated Revenue (IGR) of Aviation
Agencies—from 50% down to 20%,” he said.
“This move aligns
with the Honourable Minister, Festus Keyamo’s assurance to workers’ unions and
other stakeholders that President Tinubu is deeply committed to enhancing the
Aviation sector.
“The President aims to thoughtfully address their demands,
seeking a balanced, lasting solution that meets both government fiscal needs
and the operational requirements of Aviation Agencies.”
On May 30, the Nigerian Airspace Management Agency (NAMA)
called for a reversal of the 50 percent deduction in its revenue.
NAMA said it is currently facing significant financial
constraints due to the deduction.
Farouk Umar, managing director of NAMA, said the 50 percent
revenue deduction was hindering the agency’s ability to maintain and upgrade
critical infrastructure.
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