How aviation industry shared N5bn bailout fund, says document
Thompson Nsisongabasi
Jan 06, 2021
Exactly N4, 995,999,999.90 was disbursed to the aviation industry following the N5bn COVID-19 palliative the Federal Government pledged to support the sector.
READ ALSO: I Resign With Mixed Feelings - Amaechi Drops Emotional Note To President Buhari
According to a document obtained by our correspondent, ground handling companies, scheduled and non-scheduled airline operators; the National Association of Travel Agencies, aviation fuel marketers as well as airport car hire services partook from the fund.
Scheduled operators received N3bn with five per cent deduction for the Federal Airports Authority of Nigeria, the Nigeria Airspace Management Agency and Nigeria Civil Aviation Authority.
READ ALSO: Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
The deductions stand at 50 per cent for FAAN at N75m; NAMA 25 per cent at N37.5m and the NCAA also at 25 per cent for N37.5m. The total deduction from the share of scheduled operators stood at N150m thereby leaving the scheduled operators with N2.85bn.
READ ALSO: Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
Non-scheduled operators received a total amount of N1bn with a total deduction of N950m to aviation agencies including FAAN, NAMA and NCAA.
READ ALSO: Insecurity: Abia Govt Imposes Curfew In Aba, Umuahia Indefinitely |SEE REASON
Ground handling companies, aviation fuel marketers and catering services got N233.33m each.
READ ALSO: Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
The National Association of Travel Agencies received a total of N196m with a N4m deduction.
READ ALSO: STRONG WARNING: OUTLAW ANY CUSTOM OR TRADITION FOUND TO BE BARBARIC - CJN TELLS JUDGES
Airport Car Hire Association of Nigeria received from the ministry, N100m.
READ ALSO: "Ikwuano Locked Down For Alex OttiÔÇØ - Monday Ubani SAN Sends Strong Message To Opposition
SOURCE
Related Stories
Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
"Ikwuano Locked Down For Alex OttiÔÇØ - Monday Ubani SAN Sends Strong Message To Opposition
Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
Why ICPC Is Prosecuting Mike Ozekhome Over a London Property Deal That Has Shaken Nigeria's Legal Circle | READ DETAILS
Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
""
— Thompson Nsisongabasi