Hadi Sirika, minister of aviation, said this on Tuesday at a stakeholders’ webinar during his presentation on Nigerian Airport Concession Strategy.
In June, the FG had said it would concession the Murtala Muhammed Airport (MMA), Lagos; the Nnamdi Azikiwe International Airport, Abuja; Malam Aminu Kano Airport, Kano and Port Harcourt International Airport, Rivers state, for a period of 20-30 years.
Sirika explained that the airports had been put up for concession because they were operating below expectations.
“The airports in Nigeria are currently operating in a suboptimal environment, most notably due to factors that will have to be improved as part of the public private partnership programme,” he said.
Speaking on the objectives of the concession project, the aviation minister said that there was an urgent need for infrastructure investments and modernisation as all airports required investments in runway maintenance, navigation aids, as well as terminal facilities.
“There is relatively low asset utilisation due to the limited opening hours of other smaller Nigerian airports; lack of terminal capacity as the airports fall short of gates, stands and check-in desks,” Sirika said.
“The airports have not been designed as international hubs but operate separate international and domestic terminals.”
On transaction advisers for the project, Sirika named them to include Infrata, Dentons, Proserve, Ciena, and Templars.
He described them as reputable firms that would advise the federal ministry of aviation.
Sirika said the concessionaires would provide the investment required to upgrade the existing terminals, take over the new terminals and maintain them over a period of time to be determined based on financial assessment of each transaction.
You may be interested
Ex-Gombe Deputy Governor, 14 Others, APC Stalwarts Defect To PDPWebby - September 25, 2021
They were joined by thousands of their supporters in the crossover on Saturday in Gombe. Mr Yoriyo, who served as…
2023: Aisha Buhari Manipulates All Progressives Congress Chiefs, Plots Brother’s Emergence As Adamawa GovernorWebby - September 25, 2021
As the 2023 elections approach, Mrs Aisha Buhari, the President’s wife, has perfected a plot to install her younger brother,…
Buhari’s UNGA Speech, Tissues Of Lies – Reps MinorityWebby - September 25, 2021
President Muhammadu Buhari’s address to the United Nations General Assembly was panned by Nigeria’s lower legislative chamber’s minority caucus (UNGA).…