L:R: Hamzat Balogun (Director of Finance), Matthew Pwajok (Director of Operations), Maisalau Musa (Director of HR/Admin), Tayib Odunowo(MD/CE), Olusegun Koiki (Chairman LAAC) & Khalid Emele (Director of Public Affairs & Consumer Protection).
The Nigeria Airspace Management Agency NAMA, will be a lot happier if the agency is stopped from remitting 40% into the Treasury Single Account, TSA of the Federal Government.
The Agency has expressed optimism that, if their wish is granted, their performance would be top notch.
NAMA’s request is coming barely few days a former Deputy Director, Finance in the Federal Airports Authority of Nigeria FAAN, Mr. Phillip Emeato says, the 40% TSA remittance is a sore thumb in the effective operations of the agency.
At a media chat with Aviation Correspondents in Lagos, the Managing Director, NAMA, Mr. Tayib Odunowo said, the 40% remittance is one of their greatest challenge.
“We want to grow and we need that support from the government and we plead, if that could occur, honestly we would thrive and that is what we have been agitating because it is really affecting us, it is strangulating us”.
Also in support of this move, is the Director, Finance, Mr. Hamzat Balogun who explained that, even after the 40% remittance, the Federal Government also collects from their 60% through other means like Value Added Tax, VAT, Stamp duty and Withholding Tax.
“It is going to be a welcome development serious, being on the TSA is the biggest problem we have. If you pay me one naira today, government will deduct 40% from that one naira and at the end of the day what comes to NAMA is just 60% of that and when you want to expend that 60% you are still going to pay VAT, you pay withholding tax, pay stamp duty so the value you are going to get from that money is less that even the 60%. So, if we are removed from the TSA which means, we can manage our resources the best way possible”.
