The Nigerian Airspace Management Agency , has appealed to the Federal Government, to reverse the 50 per cent internal revenue deduction in the interest of Nigeria’s airspace safety.In a statement by the agency’s Managing Director and Chief Executive, Engr. Farouk Umar, said the deduction hinders NAMA’s ability to maintain, upgrade, and replace its critical infrastructure.
“Without adequate funding, we can not meet the high costs of procuring and maintaining essential equipment or ensuring the continuous training of our technical staff, which is vital for maintaining safety standards,’ the statement read in part. Umar argued that the current revenue-sharing formula allocates only 22 per cent of the five per cent airfare, contract, charter, and cargo sales charges to NAMA, despite its significant capital investment needs.
“This formula is skewed against NAMA despite the huge capital requirement of its investment, jeopardising our ability to meet both national and international obligations.“Restoring the full revenue allocation to NAMA is quite essential. Doing so will enable us to address the critical needs of our infrastructure, enhance operational efficiency, and ensure the continuous training of our safety-critical personnel.