FG To Earn More Revenue From Aviation Sector– Amaechi

Nigeria’s new Transport Minister, Mr. Rotimi Amaechi, yesterday said the Federal Government was expecting more revenue inflows from its various parastatals in the aviation industry given its massive investments in acquisition and deployment of state-of-the-art technologies in the industry.

Amaechi, who undertook a tour of the agencies based in Lagos Tuesday, commended the CEOs and managements of the Nigerian Civil Aviation Authority (NCAA), the Nigerian Airspace Management Agency (NAMA), the Federal Airports Authority of Nigeria (FAAN) and the Accident and Investigation Bureau (AIB) for staying steadfast and committed to the cause of boosting the infrastructure in the industry with allocations granted by the government and those generated internally.

He specifically commended the agencies for the installation of safety critical equipment in every airport across the country. The Minister said matched with the level of revenue or incomes, the state of infrastructure in the aviation industry was better than that of some of its counterparts in the maritime sector.

“With what I have seen here today, it shows that Nigerian aviation industry can be compared to any developed ones anywhere in the world.”

Amaechi said, “the government should be commended for what it has done recently. What we saw in NIMASA was nothing to write home about when you compare the money they earn and the facilities you see on ground,” he added.

Credit: Sun

No Senator or Rep Will Earn Up To N1 Million Again- RMAFC Boss

Following President Muhammadu Buhari’s order directing the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to address public outcry over huge salaries and allowances of members of the National Assembly, the chairman of the commission, Elias Mbam, said on Tuesday that Senators and members of the House of Representatives will earn less than N1 million by the end of next month.

Speaking at the State House after Mr. Mbam made presentation on the activities and challenges of the commission, President Buhari chided the RMAFC for approving excessive remunerations for some political office holders, and urged the commission to seek a proper interpretation of its powers and address the public outcry against the unreasonably high payments.

President Buhari also warned that severe sanctions will be visited on any individual or organisation that violates the directive on the payment of all national revenue into the Federation Account.

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Senators Earn Allowances Nine Times Higher Than Basic Salary, Find Out Total Sum

Nigerians that have expressed surprise that each senator receives N506,600 per annum as wardrobe allowance may be in for a shocker as the lawmakers receive far more allowances under different other categories.

Investigation showed that senators’ allowances totalled N18,642,880 on annual basis. In all, the allowance each senator receives is nine times more than his annual salary. A senator’s salary is pegged at N2,026,400 per annum.

Each senator or a member of the House of Representatives is entitled to 19 different allowances. These allowances are for vehicle maintenance and fuelling; domestic staff, entertainment, utilities, personal assistant, constituency, wardrobe, house maintenance, newspapers, recess, accommodation, furniture, severance, tour duty, estacode, special assistant, security, legislative aide and medical.

These allowances are specified in the Remuneration Package for Political, Public and Judicial Office Holders prepared by the Revenue Mobilisation Allocation and Fiscal Commission.

On an annual basis, the 107 senators receive   N1,994,788,160 as allowances. Only 107 senators are eligible for these allowances. The President of the Senate and Deputy President of the Senate receive fewer allowances because most of their needs are fully provided for by the state.

Read More: punchng