{"id":120155,"date":"2024-05-30T22:00:02","date_gmt":"2024-05-30T21:00:02","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu"},"modified":"2024-05-31T00:48:05","modified_gmt":"2024-05-30T23:48:05","slug":"reverse-50-per-cent-revenue-reduction-nama-begs-tinubu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu","title":{"rendered":"Reverse 50 per cent revenue reduction \u2013 NAMA begs Tinubu"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Airspace Management Agency has appealed to the federal government under the leadership of President Bola Ahmed Tinubu to reverse the 50 per cent revenue deduction implementation.<\/p>\n<p>Farouk Umar, managing director of NAMA disclosed this in a recent statement.<\/p>\n<p>According to him, the 50 per cent revenue deduction policy has hampered funding to the agency.<\/p>\n<p>He noted that reversing the policy directive would ensure air safety.<\/p>\n<p>\u201cWithout adequate funding, we cannot 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.<\/p>\n<p>\u201cBy reversing the 50 percent revenue deduction, we can significantly enhance air safety, ensuring that Nigeria\u2019s skies remain safe and maintain high safety standards\u201d, he said.<\/p>\n<p>The federal government had through the Ministry of Finance directed its self-funded enterprises to implement automatic 50 per cent remittance of total revenue.<\/p>\n<p>Recall that Wale Edun, Minister of Finance at a sectoral briefing recently in Abuja, said Nigeria\u2019s revenue has rejuvenated in the last year.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Airspace Management Agency has appealed to the federal government under the leadership of President Bola Ahmed Tinubu to reverse the 50 per cent revenue deduction implementation. Farouk Umar, managing director of NAMA disclosed this in a recent statement. According to him, the 50 per cent revenue deduction policy has hampered [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":120154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,10505,254,945],"class_list":["post-120155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nama","tag-nigeria","tag-tinubu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Reverse 50 per cent revenue reduction \u2013 NAMA begs Tinubu - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Airspace Management Agency has appealed to the federal government under the leadership of President Bola Ah ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reverse 50 per cent revenue reduction \u2013 NAMA begs Tinubu\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Airspace Management Agency has appealed to the federal government under the leadership of President Bola Ah ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T21:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-30T23:48:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1717096396.259383.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1579\" \/>\n\t<meta property=\"og:image:height\" content=\"1116\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Reverse 50 per cent revenue reduction \u2013 NAMA begs Tinubu\",\"datePublished\":\"2024-05-30T21:00:02+00:00\",\"dateModified\":\"2024-05-30T23:48:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1717096396.259383.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NAMA\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/reverse-50-per-cent-revenue-reduction-nama-begs-tinubu\",\"name\":\"Reverse 50 per cent revenue reduction \u2013 NAMA begs Tinubu - 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