Tinubu Slashes IGR Deductions Of Govt Agencies
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).
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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