Nation
FAAN Seeks Suspension Of 25% Contributions
The Federal Airports Authority of Nigeria (FAAN) has called for the stoppage of its 25 per cent revenue contribution to the Federation Account to enable it address some infrastructure gaps.
General Manager, FAAN, Mr Rabiu Yadudu, made the appeal during an oversight visit of the Senate Committee on Aviation at the Lagos Airport, yesterday.
Yadudu explained that one way to ensure development in the industry was to allow revenue generated by agencies in the sector to be ploughed back.
The managing director said that the practice was obtainable across the globe and was also part of the international standard and recommended practice.