HomeUncategorizedMWUN Commends Federal Government for Reducing Maritime Agencies' IGR Deductions to 20%

MWUN Commends Federal Government for Reducing Maritime Agencies’ IGR Deductions to 20%

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The Maritime Workers’ Union of Nigeria (MWUN) has expressed gratitude to the Federal Government for reducing the mandatory deduction from the Internally Generated Revenue (IGR) of maritime agencies, including the Nigerian Ports Authority (NPA), from 50% to 20%. The union views this decision as a significant victory for the welfare of maritime workers and the sustainability of port operations.

Background:
The Federal Government previously mandated a 50% deduction from the IGR of all Federal Government-Owned Enterprises (FGOEs), including the NPA, as part of efforts to increase federal revenue. This directive was met with opposition from the MWUN, which raised concerns about the negative impact on workers’ welfare and the maintenance of critical port infrastructure.

Union’s Advocacy:
Adewale Adeyanju, President General of MWUN, highlighted the union’s proactive efforts in lobbying the government to reconsider the initial directive. The union argued that the NPA, being a self-funding agency, needed to retain at least 70% of its IGR to manage and upgrade port infrastructure effectively. MWUN engaged in discussions with the former Managing Director of the NPA, Mohammed Bello-Koko, and formally communicated their concerns to the government.

Significance of the Decision:
The reduction of the IGR deduction rate to 20% is seen by MWUN as a critical development that ensures maritime agencies can meet their financial obligations, including salaries and pensions. Adeyanju emphasized that reducing the agency’s revenue by half would have severely impacted workers’ welfare and retirees’ benefits.

Equitable Treatment Across Sectors:
Adeyanju also pointed out the importance of treating maritime agencies fairly, similar to reductions granted to the aviation sector. He stressed that such considerations are vital for the continued viability of the maritime sector.

Appreciation to the Government:
The union thanked President Bola Tinubu for the decision, viewing it as a sign of the government’s commitment to the welfare of Nigerian workers and the recognition of the crucial role maritime workers play in the nation’s economy. Adeyanju concluded by expressing sincere gratitude on behalf of the union and its members.

Conclusion:
The MWUN remains dedicated to advocating for the interests of its members and ensuring the continued growth and stability of Nigeria’s maritime sector. The reduction in IGR deductions is seen as a positive step toward achieving these goals.

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