4 results for “concession”
The federal government, FAAN and Bi-Courtney have signed agreements to end their long-running MMA2 dispute, with the operator waiving a N132 billion claim and FAAN set to collect concession fees.
A bill sponsored by the Deputy Speaker and 12 lawmakers would create a National Drone Industrialisation Council, require a national drone policy within 12 months and offer duty concessions, research credits and accelerated capital allowances to local manufacturers.
Comptroller-General Bashir Adeniyi wants 2024 import duty concessions worth N1.68 trillion reviewed, warning that poorly targeted waivers deprive government of revenue as Customs targets N11.07 trillion in 2026.
Settlement agreements signed in Abuja end the long-running MM2 dispute: Bi-Courtney waives N132 billion in damages, the government writes off arrears and restores the hotel project, and regional flights are permitted within terminal capacity.