News
BREAKING: Tinubu Government Begins Review Of Airport Concession Process
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The Tinubu-led government has started reviewing the airport concession process for transparency.
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Minister Festus Keyamo announced the review during a press briefing marking Tinubu’s first year in office.
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The review aims to ensure major airports operate at international standards, with a master plan being developed.
EKO HOT BLOG reports that the Bola Tinubu-led federal government has initiated a review of the airport concession process to ensure transparency.
Minister of Aviation and Aerospace Development, Festus Keyamo, announced this on Monday during a ministerial press briefing in Abuja, marking President Bola Tinubu’s one year in office.
Keyamo stated that the President has approved the review of the concession process for major airports to ensure they meet international standards. He also noted that his ministry is developing a master plan for the country’s major airports.
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He said: “Bureaucracy cannot run public infrastructure. They have to be run like private businesses.
“The review of the concession process is to ensure it is more transparent to deliver world-class infrastructure.
“We will do full concession of the airports and run them as private businesses. The president has asked us to go for the best.”
Airport Concession Process
Recall that the federal government opened the bidding process for the concession of four major international airport terminals in the country on August 16, 2021.
The airports include Nnamdi Azikiwe International Airport, Abuja; Murtala Muhammed Internatıonal Airport, Lagos; Malam Amınu Kano Internatıonal Airport, Kano; and Port Harcourt Internatıonal Airport.
The federal government had said the concession would be for a period between 20-30 years.
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In October 2022, the government announced the preferred and reserve bidders for the concession of airports.
However, Keyamo, weeks after he was appointed a minister, suspended the airports concession plans and the Nigeria Air project on August 31, 2023.
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