President Muhammadu Buhari has said the removal of Value Added Tax (VAT) from domestic air transportation was to create job opportunities.
Buhari said this on Thursday at the inauguration of the new International Terminal of Port Harcourt Airport, Omagwa, Rivers State.
According to him, the move would also ensure that air travel is more affordable to Nigerians.
“This will make air travel more affordable and subsequently lead to the creation of jobs by the air transport service value chain as well as increase revenues for the government,” Buhari said.
“Today’s commissioning is an example of government’s deliberate policy to sustain the development of infrastructure for economic growth in all geo-political zones of the country.”
In addition, he said that “Following the large increase in national population with a consequent surge in air passenger traffic, the capacity of the airport terminals became woefully inadequate to cater for the increase in passenger traffic.”