NCAA and NAMA Dispute Over Revenue Sharing Formula
The Nigerian Civil Aviation Authority (NCAA) and the Nigerian Airspace Management Agency (NAMA) are clashing over a proposed bill in the National Assembly that seeks to revise the revenue sharing formula for ticket sales and cargo sales charges. Currently, NCAA receives 56% of the revenue, while NAMA receives 22%.
The proposed bill aims to reduce NCAA's share to 40% and increase NAMA's allocation to 40%. NCAA's Director of Public Affairs, Michael Achimugu, warned that such a reduction would severely impact its operational capacity and compromise aviation safety.
He emphasized that the agency's financial position would be undermined, affecting its regulatory oversight capabilities. Achimugu also highlighted the critical role of adequate funding in maintaining aviation safety standards.
The ongoing dispute reflects deeper concerns about the financial realities faced by both agencies and the implications for Nigeria's aviation infrastructure and safety.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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