As part of the Aviation Road Map that was approved by Nigerian President, Mohammadu Buhari, four most busy international airport in Nigeria has been approved for concessions.

This feat was achieved after receiving Outline Business Certificates (OBC) from the Infrastructure Concession Regulatory Commission (ICRC) signaling a nod to go ahead to source for private investors for the terminals.

The four airports certified include; The Murtala Muhammed International Airport, Lagos. The Nnamdi Azikwe International Airport, Abuja, The Port Harcourt International Airport and The Mallam Aminu International Airport, Kano.

Presenting the certificates to the Hon. Minister of Aviation, Sen. Hadi Sirika, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) Mr. Chidi Izuwah said the Outline Business Certificates (OBCs) shows that the facilities are bankable and the private sector can invest in them.

Speaking further, the DG also mentioned that “the execution of this project is meant to help Nigeria to reach its objective in terms of air transport value chain growth by developing and profitably managing customer-centric airport facilities for safe, secure and efficient carriage of passengers and goods at world-class standards of quality”

“The airports in Nigeria have huge potentials but are currently operating at a suboptimal level due to factors that will have to be improved under the Public-Private Partnership (PPP) program”.

“The factors include; the urgent need for infrastructure investments and modernization (runway maintenance, navigation aids as well as terminal facilities), relatively low asset utilization due to the limited opening hours of some airports, lack of terminal capacity at the airports due to inadequate gates, stands and check-in desks and design deficiency to operate as international hubs resulting in separate international and domestic terminals”

Responding, Aviation Minister, Sen Hadi Sirika said the airport’s concessions program is part of the Aviation Road Map that was previously approved by President Muhammadu Buhari, adding that when the process is completed, at least 241,700 direct jobs will be created and hundreds of thousands of indirect jobs down the value chain.

Explaining further, Sirika said “Critical to the roadmap are the airports’ terminal concession. More than 80 percent of the roadmap is through Public-Private Partnership (PPP) and the ICRC has the sole mandate to regulate, to ensure viability, fairness, and diligence”.

It may be recalled that the Aviation Ministry had previously received the OBC on the national carrier, the Aviation Leasing Company, and the Maintenance Repairs Overhaul facility (MRO).


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October 26, 2021, 12:57 pm
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