The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the Federal Government lost 82 per cent which is equivalent to about N10 billion in revenue that ought to accrue from airport tollgates under old rules.
Keyamo revealed this to State House correspondents on Tuesday at the end of a two-day meeting of the Federal Executive Council.
The minister lamented that the ministry accumulated 82 per cent in the negative from the complimentary e-tags printed by the ministry, noting that 82 per cent of the e-tags are given free of charge to VIPs.
According to him, the negative figure that we get at the end of the day from the complimentary e-tags is 82 per cent, in the negative.
He added that free e-tags to the VIPs had in the past led to the loss of billions of naira.
The minister lamented that due to the policy of exemption, the ministry makes only about N100 million instead of making about N260 million from a particular airport gate every month.
To end the loss, the FEC decided that the president, vice president, and other top government functionaries would start paying access fees or the e-tag at all 24 federal airports across the country.
Prior to this development, the president, vice president, and some government officials were exempted from paying access fees at the airports’ gates.
