High Revenue Deductions Weakening Aviation Sector – Airline Operator

Chairman of United Nigeria Airlines, Professor Obiora Okonkwo, has called for a comprehensive review of the aviation remittance framework, warning that heavy deductions from industry-generated revenues are undermining the growth and efficiency of the sector.
Okonkwo made the appeal in Lagos during the unveiling of the airline’s newly acquired 2 Boeing 737-800NG aircraft, saying the current financial structure leaves key aviation agencies underfunded and unable to effectively discharge their statutory responsibilities.
According to him, regulators and service providers such as the Nigerian Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) require stro...