Tinubu Cuts Aviation Agencies’ IGR Deduction To 20%

President Bola Ahmed Tinubu has authorised a significant reduction in deductions from the Internally Generated Revenue (IGR) of Aviation Agencies from 50 per cent down to 20 per cent.

LEADERSHIP Weekend reports that aviation unions had threatened to commence a nationwide protests over the 50 percent deduction from the IGR of the agencies, a policy the workers said undermined operational efficiency and financial stability.

The protests were expected to affect airport operations nationwide, as workers demonstrated their frustration and called for the policy reversal.

However, in a statement shared by one of the aide to the minister of Aviation and Aerospace Development, Saka Gbenga, the reduction showed President Bola Tinubu’s commitment to enhancing the Aviation sector.

According to Saka, the President will  thoughtfully address workers’ demands by seeking a balanced, lasting solution that meets both government fiscal needs and the operational requirements of Aviation Agencies.

“This move aligns with the minister, Festus Keyamo’s assurance to workers’ unions and other stakeholders that President Tinubu is deeply committed to enhancing the Aviation sector. The 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.”

However, earlier in the day, the minister on his verified X handle said the concerns of the workers, especially regarding the negative impact the deductions had on investment, maintenance of critical infrastructure, and overall operations of the Agencies, have been duly noted.

“We understand the significance of the issues raised and recognize the vital role that our aviation workforce plays in ensuring the safety, efficiency, and smooth operation of the industry. The ministry is committed to addressing these challenges in a manner that ensures the continued viability and sustainability of the sector while maintaining the highest standards of service delivery.

“The minister wishes to assure the workers’ Unions and other stakeholders that President Bola Ahmed Tinubu is very concerned about improvement of the Aviation sector and will give their demands due consideration with the goal of finding a lasting solution that balances both the fiscal needs of the government and the operational requirements of the Aviation Agencies.

“We appeal to all workers to remain calm and maintain industrial peace while the government is working assiduously towards amicably resolving the matter. The Ministry appreciates their patience and understanding and remains committed to ensuring a conducive work environment for all. We thank the workers for their understanding and continued dedication to the aviation sector.”