BREAKING: President Tinubu slashes,NPA, NIMASA, Shippers Council, others IGR deductions to 20 per cent.
Indications are rife that President Bola Ahmed Tinubu may have ordered that the deductions of IGRs from Federal Government Parastatals be reduced from 50 to 20 per cent.
Shipping World Magazine learned from usually dependable sources that Mr President may have to bowed to pressure from his economic team that the 50 per cent deduction not only counter productive but was likely to cripple the affected MDAs.
Sources at the Presidency informed our magazine that the move was aimed at easing the burden of the MDAs and encourage financial autonomy.