Tinubu Reduces Igr Deductions For Govt Agencies From 50% To 20%

President Bola Tinubu has directed that the direct deduction from the Internally Generated Revenue (IGR) of government agencies be reduced from 50% to 20%. This move is aimed at easing the financial burden on government agencies and encouraging financial autonomy.

The directive has led to the opening of discussions between the leaders of several unions in the aviation sector and the Managing Director of the Federal Airports Authority of Nigeria (FAAN) to deliberate on their stance and the implications of this policy change.

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The unions had earlier threatened to embark on a strike over the 50% deduction, which they argued undermined their operational efficiency and financial stability. The protests were expected to affect airport operations nationwide, but the directive has now led to a reconsideration of their stance.

The affected agencies include the Nigerian Civil Aviation Authority (NCAA), Federal Airports Authority of Nigeria (FAAN), Nigerian Airspace Management Agency (NAMA), Nigerian Meteorological Agency (NiMet), Nigerian College of Aviation Technology (NCAT), and the National Safety Investigation Bureau (NSIB).