The Nigerian Airspace Management Agency (NAMA) has appealed to the Office of the Accountant General of the Federation to reverse the 50 per cent deduction from its Internally Generated Revenue (IGR), which it needs to acquire safety critical equipment to keep the airspace safe. The Managing Director of NAMA, Ahmed Umar Farouk made the appeal and […]
The Federal Airports Authority of Nigeria (FAAN) is cash strapped and cannot fund rehabilitation of airport facilities due to the deduction of 40 per cent of its Internally Generated Revenue by the federal government. This was disclosed by former Deputy Director of Finance, FAAN, Philip Emeto who retired recently from the agency. He said that […]
The Nigerian Civil Aviation Authority (NCAA) said domestic airlines owed the agency about N22. 7 billion ticket service charge and cargo service charge as at July 2022 and gave them one month ultimatum to liquidate the debts. The ticket service charge (TSC) is 5 per cent that is deducted from the cost of ticket paid […]
Experts in the aviation industry have said the Federal Airports Authority of Nigeria (FAAN) can boost its revenue significantly by fully exploiting non-aeronautical revenue sources. FAAN generated about N30 billion last year, but about 80 per cent of its revenue came from aeronautical sources. But industry experts argued that the agency could boost its revenue […]
