President Bola Tinubu has issued a new directive to reduce the percentage of Internally Generated Revenue (IGR) that is directly deducted from government agencies from 50% to 20%.
This policy shift is aimed at alleviating the financial pressures on these agencies and promoting greater financial independence.
As a result of this change, union leaders within the aviation sector, who had previously threatened to initiate a strike, have now begun negotiations with the Managing Director of the Federal Airports Authority of Nigeria (FAAN).
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These discussions are focused on assessing the impact of the policy adjustment, which could influence both the operational and financial strategies of various agencies nationwide.
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