We give 20% of our income back to govt – Arik

[MrVan]

By LAWANI MIKAIRU & DANIEL ETEGHE

LAGOS—Arik Air chairman ,  Sir J. Arumemi-Ikhide has revealed that the Federal Government gets about 20 per cent of the airline's annual income. This disclosure was made Tuesday, when the airline celebrated its sixth anniversary at its corporate head office in Lagos.

Briefing newsmen during the celebration, Sir Arumemi-Ikhide said  despite this huge return to the government, the airline is not encouraged by the Federal Government by granting concessions to it like it is done in other countries. But instead, the government has been putting obstacles in its operating environment.

He said:  " You know for us to give 20 per cent of our income back to government, it is never done in any country. But the most disturbing thing is that the government is going out to ask foreigners to come and invest in Nigeria and do not take time to understand that those foreigners that you are inviting have their own concessions in their own countries and you want to give those foreigners the concession in Nigeria without giving any to the Nigerian airlines ."

Vanguard Nigeria

[Nifemi Donald]

The company is a generous one.I love them

[Glory Skales Charity]

20 percent is a whole lot