Nigerian government approves concession of Abuja, Lagos airports

Nigerian government approves concession of Abuja, Lagos airports

Federal government has approved the concession of the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja.

The vice President, Yemi Osinbajo stated this at the 5th Presidential Quarterly Business Forum In Abuja on Monday.

“I’m pleased to say the Fed Executive Council (FEC) has approved the concessioning of the Lagos and Abuja Airports”, the vice President said.

BusinessAGENDA recalls that the Minister of State, Aviation, Sen. Hadi Sirika, had, last year, dropped the hint that the Federal Government will concession the Abuja, Lagos, Port Harcourt and Kano international airports in the first phase of its concession programme.

“The thinking is that just like every other place in the world, we will concession our airports and we are beginning with the big four, Lagos, Abuja, Port Harcourt and Kano”, he had said.

Hadi Sirika, the minister of state for aviation, also 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.”

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