Skip to main content

FG Approves Concession Of Lagos, Abuja Airports 

Yemi Osinbajo, vice president, 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.
VP @ProfOsinbajo : I'm pleased to say the Fed Exec Council (FEC) has approved the concessioning of the Lagos & Abuja Airports

#PQBForum
1:36 PM - Sep 11, 2017
22 177 141 Presidency Nigeria
@NGRPresident
A concession means that private companies and investors will be involved in the day-to-day running of the airport.

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.

https://www.thecable.ng/just-in-fg-approves-concession-of-lagos-abuja-airport
Post a Comment

Popular posts from this blog

U.S. Military Helicopter Crashes In Iraq On Thursday, Killing 7 People On Board

One of the U.S. military helicopter in Iraq has crashed after hitting a power line in Iraq's western Anbar province, killing all seven personnel aboard.

According to a statement from Pentagon this morning, the officials said the crash of the HH-60 Pave Hawk helicopter occurred Thursday afternoon near the town of Qaim.

"All personnel aboard were killed in the crash," Brig. Gen. Jonathan P. Braga, director of operations, Combined Joint Task Force - Operation Inherent Resolve, said in a statement.

"This tragedy reminds us of the risks our men and women face every day in service of our nations," he said. "We are thinking of the loved ones of these service members today."

The statement further said;

Badoo Srine Discovered,Alaka Abayomi Of Alaka Petroleum Apprehended(Video)

The Nigerian police SARS, IRT and RRS, has arrested a popular independent oil marketer of Alaka petroleum Alhaji Abayomi Alaka . Following investigations of the recent killing of a family of five over the weekend , kudos to the gallant men of the Nigerian police

Wife Of Donald Trump Junior Files For Divorce

(Reuters) - The wife of Donald Trump Jr., the eldest son of U.S. President Donald Trump, has filed for divorce in New York, according to court records.

Vanessa Trump, a former model and actress, and Trump Jr. said in a joint statement on Thursday: "After 12 years of marriage, we have decided to go our separate ways."

The statement was provided by the Trump Organization, the president's business empire, which his son helps manage.


Further details were not immediately available on the uncontested divorce filing by Vanessa Trump in a New York state court. She and Trump Jr. have "enormous respect" for each other, according to the joint statement, which also asked for privacy.