Saturday, June 23, 2018

FG approves concession of Lagos, Abuja airports

FG approves concession of Lagos, Abuja airports
September 11
14:53 2017

Vice-President Yemi Osinbajo says the federal executive council has agreed to concession the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja.

The vice president 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.

A concession allows private companies and investors to run the airports.

In 2016, the federal government had indicated interest in concessioning the Lagos, Abuja, Port Harcourt and Kano airports to increase their capacity and efficiency.

Labour unions in the Federal Airports Authority of Nigeria (FAAN) had expressed their lack of trust and confidence in the process, vowing to take all reasonable measures to stop the planned concession of the airports.

Hadi Sirika, the minister of state for aviation, had assured 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,” he had said.

“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.”

Hadi Sirika has already inaugurated two committees, project steering committee and project delivery committee, for the concessioning process.

In 2007, Olusegun Obasanjo, the president at that time, had concessioned terminal two of the Murtala Muhammed Airport to Bi-Courtney Aviation Services Limited (BASL), the first public private partnership (PPP) initiative in the history of Nigeria’s aviation sector.


WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to as the source.

Social Comments


  1. Izzy
    Izzy September 11, 20:18

    Good news. My chances of getting employment in aviation will now be higher..!

    Reply to this comment
  2. Baba Ekiti
    Baba Ekiti September 12, 06:50

    This could bring numerous advantages to the country’s aviation sector.

    Reply to this comment
  3. Iyanda de
    Iyanda de September 12, 12:51

    Hahahaha! This would definitely turn d so-called landlords (FAAN with its numerous departments & directors) into emergency tenants in a house they didn’t build but raking in more profits than d original owner(FG). Buhari/Osinbajo, don’t just do it, do it WELL & now! …so far it’s for altruistic reasons and not for selfish interest of d politicians!

    Reply to this comment

Write a Comment

Your email address will not be published.
Required fields are marked *



Exchange Rates

June 21, 2018USDGBPEUR
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.