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Nigeria's airports on path towards private contracts

Posted 4 June 2021 · Add Comment

Nigeria has taken a major step towards realising the potential of its aviation growth with an announcement that four of the country’s gateways will be handed over to private operators who will have concessions to run them for at least 20 years.

 

The Federal Ministry of Aviation said the concessions will affect the Lagos, Abuja, Port Harcourt, and Kano airports.
Concessionaires may have an option to contract for even longer, according to a report from the ministry. “We envisage a minimum of 20to 30 years for the programme, which may be extended depending on performance and Nigeria’s best interests. The duration is not set in stone and will be subject to negotiation and then final approval by the Federal Executive Council,” the report said.
The document noted that the government was starting with the most important assets because the profitable delivery of this concession programme would give all investors the confidence required to consider other possibilities in the sector.
The concession will cover only non-aeronautic assets of the airports located in the passenger and cargo terminals, the document explained.

Lagos' international airport could oppen for concessions. (Image Federal Airports Authority Nigeria)
 

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