50% IGR deduction weakening Nigeria’s aviation sector – NAMA

By Dickson Omobola

Nigerian Airspace Management Agency, NAMA, has urged the National Assembly to extremity the deduction of 50 per cent of its internally generated revenue, saying the deduction is crippling NAMA’s capableness to conscionable statutory responsibility, grow capableness and present connected planetary obligations.

Managing Director of NAMA, Engr Farouk Umar, successful his remarks astatine the ongoing four-day retreat of the House Committee connected Aviation successful Abuja, argued that without fiscal reform, it would beryllium hard to modernise Nigeria’s aviation sector.

Director of Public Affairs and Consumer Protection at, NAMA, Dr Abdullahi Musa, who made this known successful a statement, said the Managing Director besides called for the afloat enforcement of conception 9(2) of the NAMA Act 2022 which stipulates that “all fees and charges imposed by NAMA are not taxable to deductions oregon remittance to immoderate different body.”

Umar said enforcement had go imperative to “enable NAMA support captious infrastructure similar towers, radars and connection networks; wage and bid thousands of skilled unit who negociate the skies daily; money captious upgrades similar Performance Based Navigation, PBN, and Satellite-Based Augmentation Systems, SBAS, conscionable International Civil Aviation Organization, ICAO’s, stringent information standards arsenic good arsenic present continuous work to airlines without interruption.

“Adherence to the provisions of Section 9 (2) of the NAMA Act would alteration the bureau to among different things, (a) money captious infrastructure (b) guarantee regular attraction and calibration of Communication, Navigation and Surveillance (CNS) instrumentality to guarantee compliance with ICAO standards (c) employment and bid captious unit and (d) put successful digitalization and innovation to stay competitory globally.”

Meanwhile, the Chairman, House Committee connected Aviation, Abdullahi Garba, expressed the tendency of the National Assembly to make actionable plans and reenforce priorities that heighten aviation information and besides amended infrastructure and regulatory compliance.

He noted that the clip had travel for stakeholders to efficaciously stock our expertise and synergise to code the challenges and besides pat into the opportunities that abound successful the sector. He expressed assurance that the retreat would importantly fortify corporate efforts to beforehand the aviation assemblage successful Nigeria.

The station 50% IGR deduction weakening Nigeria’s aviation assemblage – NAMA appeared archetypal connected Vanguard News.