FG Slashes IGR Deductions of Federal Agencies
The federal government has reduced direct deduction from Internally Generated Revenue (IGR) of government agencies from 50% to 20%.
President Bola Tinubu who gave the ordered noted that the move was part of efforts to ease the financial burden on government agencies and encourage financial autonomy.
Based on the fresh directive, the leaders of several unions in the aviation sector, who had earlier threatened to embark on a strike, have opened discussions with the Managing Director of the Federal Airports Authority of Nigeria (FAAN) to deliberate on their stance and the implications of this policy change.
The outcome of these discussions could have significant ramifications for the operational and financial strategies of affected agencies across the nation.
