President Bola Tinubu has approved the reduction of deductions in aviation agencies\u2019 internally generated revenue (IGR) from 50 percent to 20 percent.<\/p>\n
Gbenga Saka, special adviser on digital media to Festus Keyamo, minister of aviation and aerospace development, announced on his X page on Friday.<\/p>\n
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.<\/p>\n
The workers had threatened to embark on a one-day strike to protest, adding that agencies are \u201ccost recovery, and not profit making organisations,\u201d hence \u201ccannot survive on half revenue\u201d.<\/p>\n
<\/p>\n
Responding to their agitation, Keyamo on Friday, said the demands of the aviation workers have been \u201cduly noted\u201d and their demands would be given due consideration.<\/p>\n
Following the minister\u2019s statement, Saka said the president has approved a reduction.<\/p>\n
\u201cPresident Bola Ahmed Tinubu has authorized a significant reduction in deductions from the Internally Generated Revenue (IGR) of Aviation Agencies\u2014from 50% down to 20%,\u201d he said.<\/p>\n
<\/p>\n
\u201cThis move aligns with the Honourable Minister, Festus Keyamo\u2019s assurance to workers\u2019 unions and other stakeholders that President Tinubu is deeply committed to enhancing the Aviation sector.<\/p>\n
\u201cThe 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.\u201d<\/p>\n
On May 30, the Nigerian Airspace Management Agency (NAMA) called for a reversal of the 50 percent deduction in its revenue.<\/p>\n
NAMA said it is currently facing significant financial constraints due to the deduction.<\/p>\n
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