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.
EDITOR’S PICKS
- Focus on Hard Work, Not Just Prosperity – Osinbajo Tells Nigerian Churches
- Olympics Best Basketball Coach: Tinubu Hails As D’Tigress’ Wakama On Award
- WAEC to Release May/June 2024 WASSCE Results Today
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.
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.
FURTHER READING
- Rwandan President, Paul Kagame Sworn in for Fourth Term
- Benue PDP Crisis: Sheath Your Swords -Ortom Urges Supporters
- BREAKING: Explosion Rocks APP Secretariat in Rivers
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.”
Click here to watch our video of the week:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611