Ex-NAMA MD faults 5% ticket charge, proposes Aviation Development Fund
He described the five per cent TSC as a sham that had long defeated the purpose for which it was introduced, which was to develop aviation infrastructure, and proposed replacing it with an Aviation Development Fund that would be insulated from government revenue accounts and dedicated to infrastructure projects within the sector.
Iyayi, currently a trustee of the Airline Operators of Nigeria, AON, also urged Federal Government to overhaul the existing TSC structure and channel the proceeds into a dedicated infrastructure fund to accelerate the development of Nigeria’s aviation sector.
We are advocating that, remove the idea of five per cent, because the airline industry is not five per cent profitable anywhere in the world.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
