News
BREAKING: Tinubu Slashes IGR Deductions For Government Agencies From 50% to 20%
President Bola Ahmed Tinubu has approved a significant reduction in the Internally Generated Revenue (IGR) deductions that government agencies are required to remit to the federal government.
The deduction rate has been reduced from 50% to 20%, a move that is expected to grant more financial autonomy to various agencies.
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In response to this development, leaders of several unions are currently engaging in discussions with the Managing Director of the Federal Airports Authority of Nigeria (FAAN). These discussions aim to deliberate on their position and the potential implications of this policy change.
The outcome of these discussions could have far-reaching consequences for the operational and financial strategies of the affected agencies across the nation.
Tinubu IGR Deductions Government Agencies
Meanwhile, Vice-President Kashim Shettima has praised President Bola Tinubu, describing him as a humble leader who shuns extravagance. Speaking at a book launch in Abuja on Thursday, Shettima emphasized Tinubu’s dedication to improving the country’s fortunes.
Shettima remarked that Tinubu’s primary focus is on national development, not personal wealth.
He shared a personal anecdote, contrasting his home in Maiduguri with Tinubu’s residence in Bourdillon, Ikoyi, Lagos, highlighting the simplicity of the president’s lifestyle.
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He recalled a visit where, despite an array of meals being served to guests, Tinubu opted for a modest meal of garri and groundnut.
“In President Bola Ahmed Tinubu, we have a leader that we can invest our trust in. I’m not playing politics, I’m speaking from the heart. I have seen the soul of Bola Tinubu, and he has a good soul.”
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