Nigeria may not benefit from the African Continental Free Trade Area (AfCFTA), which favours countries that export high volume of products and services, as records indicate that the country exports only about 13 per cent of its cargo imports, which amounts to 115 million tons annual import deficit. According to 2019 records of the Federal […]
The federal government has insisted that it must concession Nigeria’s major airport terminals to secure investors that would expand the facilities in order to meet increasing passenger traffic, projected to reach 55 million by 2024. This is in line with the projection of the International Air Transport Association (IATA), which stated that air transport growth […]
The Ministry of Aviation has explained that the designation of four international airports in Nigeria as special economic zones will help harness the socio-economic benefits derivable from civil aviation, generate revenues for government as well as create avenues to mobilise local and foreign direct investment for overall growth of the economy. The Ministry made this […]
Experts in the aviation industry have said the Federal Airports Authority of Nigeria (FAAN) can boost its revenue significantly by fully exploiting non-aeronautical revenue sources. FAAN generated about N30 billion last year, but about 80 per cent of its revenue came from aeronautical sources. But industry experts argued that the agency could boost its revenue […]
The House Committee on Aviation led by Honourable Nnolim Nnaji has resolved to set up subcommittee to interface with the Ministry of Aviation, the financial adviser, (FAD) and the project delivery team, (PDT) on the proposed airports concession by the Federal government. The subcommittee is to review the reports of the FAD and the PDT […]
