The Nigerian Ministry of Aviation and Aerospace has announced that it has concluded plans to concession the Nnamdi Azikiwe International Airport, Abuja for a period of 20 years.
Also to be concessioned is the Mallam Aminu Kano International Airport in Kano.
According to the ministry, both airports will be handed over to the Corporacion American Airport Consortium for management.
This decision was made by the Federal Executive Council in line with the aviation roadmap approved by the President in 2016, the government announced.
According to James Odaudu, the Special Assistant on Public Affairs to the minister of aviation, this move is a significant step towards revitalising the aviation sector in Nigeria.
“The consortium, composed of The Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria, is globally recognized for its superior technical expertise in the design, construction, management, and operation of infrastructure,” Odaudu said.
Odaudu further explained that the concession of these airports to the consortium will improve their efficiency and profitability, making them more competitive.
The agreement will be in effect for 20 years for the Abuja airport, and 30 years for the airport in Kano, all under a public-private partnership arrangement.
Throughout the concession period, the projected revenues from both airports are expected to exceed $4 billion, with over 70% of that revenue going to the Federal Airports Authority of Nigeria or FAAN.
Hadi Sirika, the Minister of Aviation, expressed his excitement about this development, emphasising its importance for Nigeria's aviation industry.
He believes that partnering with the Corporacion American Airport Consortium will improve airport standards, provide excellent services to travellers, and bring economic benefits to the country.