FG Moves to Take Over 4 State-Owned Airports, More to Follow as Nigeria Records 18m Passenger Traffic

FG Moves to Take Over 4 State-Owned Airports, More to Follow as Nigeria Records 18m Passenger Traffic

  • The federal government has announced plans to take over some state-owned airports amid increase in passenger traffic
  • This was made known at the ongoing Federal Airports Authority of Nigeria ongoing National Aviation Conference
  • Already four airports have been marked down more will follow in the coming months including privatisation

Minister of Aviation Hadi Sirika has revealed plans by the federal government to take over and privatised state airports in Nigeria.

The Minister disclosed this at the ongoing FAAN National Aviation Conference which started on Tuesday, 14 June in Abuja.

Legit.ng in a recent report exclusively reported that many airports located across the country are currently idle with some welcoming one or no passengers between 2020 and 2021.

FG looking to takeover state airports
Passengers disembark Credit: Kola Sulaimon
Source: Getty Images

The Ministers listed some of the airports to be taken over by the federal government are Kebbi, Dutse, Bauchi and Gombe airports.

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He also added that most of the state's airports across Nigeria will eventually be given to the private sector for effective and efficient management, BusinessDay reports.

In his address, Sirika also said:

“Nigeria actually has 43 airports, some of which are airstrips where flights take off and land, among these 43 airports, some are federal airports, some are state owned and others are privately owned.”

Other plans for Nigeria's aviation industry

The Minister also disclosed that the federal government is determined to pursue the components of the aviation roadmaps which include the establishment of aircraft leasing companies, aircraft Maintenance Repair and overhaul investments, and National carrier and airport concessions, amongst others.

He said these components have reached advanced stages and will be completed before the end of President Buhari’s administration.

He challenged investors to tap into the myriads of opportunities in the sector, especially with the recently approved 12 hectares of land for implementation of the aviation roadmap by the Federal Capital Territory (FCT).

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Sirika said:

“Nigeria’s aviation has a lot of potential and can leverage its population, natural resources and natural resources amongst others to become a leader in Africa. We need to take advantage of these variables."

Nigerian government announces over N225bn revenue from electricity export

Meanwhile, Legit.ng in another report revealed that the Nigerian government made over N225 billion from electricity export to neighbouring countries.

The Central Bank of Nigeria provided the data while noting that the payment for 2021 was a decline when compared to the previous year

Niger, Benin, and the Togo Republic are the three major countries that bought electricity from the federal government

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.