February 21, 2024

Revenue deduction: Workers threaten to shut Nigerian ports if Tinubu fails to reverse policy

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Revenue deduction: Workers threaten to shut Nigerian ports if Tinubu fails to reverse policy

Workers have threatened to shut down Nigeria’s Port sector if President Bola Tinubu fails to reverse the 50 per cent automatic deduction from revenue accrued to the Nigerian Ports Authority, NPA.

The Senior Staff Association of Statutory Corporations and Government-Owned Companies, SSASCGOC, Maritime Workers Union of Nigeria, and MWUN, made the threat in a statement on Monday.

Leaders of the two unions, Akinola Bodunde of SSASCGOC and Adewale Adeyanju of MWUN, noted that they have written a letter to the President regarding the development.

The unions warned that failure to rescind the decision would lead to workers’ withdrawal and total shutdown of ports nationwide.

The workers insisted on a 30 per cent deduction from NPA’s revenue instead of 50 per cent.

“Automatic deduction of 50 per cent of its internally generated revenue shall leave the Authority financially incapacitated to discharge these responsibilities to the host community, which may lead them to resort to unhealthy activities.

“We recommend that 30 per cent of the revenue internally generated by the Authority could be automatically deducted whilst 70 per cent is left for the Authority to accomplish its overhead costs and statutory responsibilities, failure of which the Union would have no other option than to withdraw the services of its members from all Ports formations nationwide.”

DAILY POST recalls that in January this year, the Nigerian Government ordered funded Federal Government Agencies/Parastatals and enterprises to immediately remit 50 per cent of their gross Internally Generated Revenue, IGR, to the Federation Account.

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