The federal government says it plans to concession 17 airports under the management of the Federal Airports Authority of Nigeria (FAAN).
Minister of Aviation, Hadi Sirika, who disclosed this at the ongoing National Aviation Conference in Abuja, stated that aside from the current concession of Nigeria’s major international airports, other airports would follow suit.
The minister, who was represented by the Director-General, Nigerian Civil Aviation Authority, Musa Nuhu, also disclosed that the country’s civil aviation regulations were currently being reviewed for unbundling in order to make the entry requirements for aviation investors much easier.
FAAN currently manages 21 airports on behalf of the Federal Government, with concession process for four international airports in Lagos, Abuja, Port Harcourt and Kano currently ongoing.
“For investments in the airports, airport concessions, starting with the five international airports are also excellent opportunities for investments. Other airports too gradually will be out on concession.
“There are a lot of state airports, a lot of private airports, I believe that needs resources and investments and I’m sure the owners/operators of these airports will welcome investments from the private sector to enable them to achieve their strategic goals for implementing these projects,” Sirika said.
“So, by and large, the Nigeria aviation industry offers several opportunities for investments and we as the regulator, we are working at the regulations to unbundle them and make it easier for people to invest in all areas.
“This is especially in general aviation which has significant sectors and we are going to be unbundling our regulations to make the entry requirements much easier so that people are encouraged to invest,” he added.
