Tinubu Cuts IGR Deductions for Government Agencies from 50% to 20%

President Bola Tinubu has ordered a reduction in the direct deductions from the Internally Generated Revenue (IGR) of government agencies, lowering it from 50% to 20%.

IDOMA VOICE reports that this decision aims to lessen the financial strain on these agencies and promote their financial independence.

Following this new directive, leaders of various unions in the aviation sector, who had previously threatened to go on strike, have begun talks with the Managing Director of the Federal Airports Authority of Nigeria (FAAN).

These discussions will focus on their position and the potential impact of the policy change.

The results of these talks could significantly influence the operational and financial strategies of the affected agencies nationwide.

More details to come…