Aviation Funding: NAMA seeks 56% share of statutory charges

…AAAU demands 10% allocation for aviation manpower development By Gift ChapiOdekina,Abuja The Nigerian Airspace Management Agency (NAMA) has asked the National Assembly to increase its share of the statutory five per cent aviation revenue pool from the current 22 per cent to 56 per cent, warning that the rising cost of maintaining safety-critical infrastructure is putting increasing pressure on the country’s air navigation system.

At the same hearing, the African Aviation and Aerospace University (AAAU), Abuja, asked the National Assembly to include it as a statutory beneficiary of the five per cent Ticket Sales Charge (TSC) and allocate not less than 10 per cent of the revenue to the institution for aviation manpower development, research and innovation.

He therefore asked the National Assembly to increase NAMA’s allocation to 56 per cent of the available pool, stressing that the proposal would not increase the existing five per cent charge but would ensure a more sustainable allocation of the available revenue to the agency responsible for critical air navigation infrastructure.