Cost-recovery

For years, the Federal Government has treated the Nigerian Civil Aviation Authority (NCAA) as a national cash cow, misclassifying it as a “revenue-generating agency.” Under the sweeping automatic deduction policy, an estimated N500 billion ($362 million) derived from the 5% Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC) has been systematically drained from the agency into the Consolidated Revenue Fund and the Treasury Single Account (TSA). To bureaucrats in Abuja, this half-a-trillion-naira windfall looked…