Aviation industry stakeholder has raised the concern over the planned implementation of the proposed tax reform by the federal government that is targeting Free Trade Zones (FTZs). According to the stakeholder, Nigeria stands to lose private jet maintenance hub currently hosted by Execujet Aviation Nigeria FZE at the Murtala Muhammed International Airport, Lagos.
He added that should the federal government implement the proposed tax reform, Nigeria will also lose opportunity for technology transfer, as indigenous personnel are trained by expatriates at the facility.
He is also of the view that there will be over 1000 job losses, if the tax reform is implemented.