Nigeria Approves Concession Of Lagos, Abuja Airports

The Nigerian government has disclosed that the federal executive council (FEC) has agreed to concession the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja.

Vice President Yemi Osinbajo, made this known on Monday while speaking at the fifth edition of the presidential quarterly business forum which held at the State House, Abuja.

“I am pleased to say that the federal executive council (FEC) has approved the concessioning of the Lagos and Abuja airports,” Osinbajo said in a Twitter post via @NGRPresident.

With the concession, it literally means that private companies and investors will be involved in the day-to-day running of the airport.

The federal government had last year indicated interest in concessioning the Lagos, Abuja, Port Harcourt and Kano airports to increase their capacity and efficiency.

The minister of state for aviation, Hadi Sirika, had promised that the process of concessioning the airports would be transparent.

“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner.”

“The contracts are not properly prepared, no risk analysis and no financial models. Consequently, it is not surprising that they ended in litigation. I want to assure stakeholders that we will be transparent and the concession is in the best interest of the country.

“We will ensure that Nigerians are given priority in getting jobs in the aviation sector. We will give adequate time for the airlines to prepare themselves but for sure, we will ensure that it happens soonest,” Sirika had said.

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