FG TO LEASE OUT LAGOS,ABUJA,KANO AND PH AIRPORT TO PRIVATE ENTREPRENEURS

Plans increased flight frequency for foreign airlines operators

The Minister of State for Aviation, Mr. Hadi Sirika

It is no longer wise for government to bear the burden of managing airports, said Minister of State for Aviation, Hadi Sirika.
According to the Minister, dwindling revenue, high rate of foreign exchange and demands of global best practices, make the need for Public Private Partnership inevitable.

Interacting with reporters in Abuja, yesterday, Sirika said the truth is: government cannot continue to support and finance airports because it has limited resources.
He called on entrepreneurs with knowledge in airports’ management to come forward and bid for the Lagos, Abuja, Kano and Port Harcourt facilities.
The Minister stressed that concession could take a long time, as government intends to follow due process, adding that the Ministry is in the process of acquiring the service of a transaction adviser and that the Infrastructure Concession Regulatory Commission (ICRC) has given the Ministry the support it needs for a smooth process.