GOVT EYES $4BN FROM ABUJA, KANO AIRPORTS CONCESSION
THE FEDERAL GOVERNMENT IS TARGETING A $4BN REVENUE (ABOUT N1.84TN) FROM THE ONGOING CONCESSION OF THE NNAMDI AZIKIWE INTERNATIONAL AIRPORT, ABUJA, AND THE MALLAM AMINU KANO INTERNATIONAL AIRPORT, KANO. THIS WAS DISCLOSED IN A STATEMENT ISSUED IN ABUJA ON MONDAY BY OLUSEYI ODUTAYO, THE HEAD OF PRESS AND PUBLIC AFFAIRS, FEDERAL MINISTRY OF AVIATION. AS IT PROVIDED UPDATES ABOUT THE ONGOING NIGERIA AIRPORT CONCESSION PROGRAMME. IT WAS ALSO STATED THAT OVER THE CONCESSION PERIOD, THE PROJECTED NOMINAL REVENUES FROM THE COMBINED CONCESSION OF NAIA AND MAKIA EXCEED $4BN. WITH OVER 70 PER CENT OF THE PROJECTED REVENUES PAYABLE TO THE FEDERAL AIRPORTS AUTHORITY OF NIGERIA, THE GOVERNMENT WILL BENEFIT FROM A SUBSTANTIAL REVENUE STREAM THAT CAN BE UTILIZED FOR VARIOUS DEVELOPMENTAL PROJECTS.
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