By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Labour set to Battle FG over plans to concession 4 airports

Last updated: September 16, 2021 3:50 pm
4 years ago
Share
2 Min Read
Untitled design 1 8

The President of the Nigeria Labour Congress, NLC, Ayuba Wabba, has said that labour will resist plans by the Federal Government, FG, to concession 4 airports, newly remodelled, from the $1billion loan it received from China.

The labour union leader threatened the showdown against the FG when he received members of 4 Media Chapels of the Nigeria Union of Journalists, NUJ, in his office on Thursday in Abuja.

Wabba disclosed that he has it on good authorities that the FG has concluded plans to concession 4 Nigeria’s airports remodelled with the Chinese from China.

The Murtala Muhammed International Airport in Lagos, which accounts for over 60% of international flights in Nigeria is believed to be on the list of the airports to be concessioned.

Others are Mallam Aminu Kano Airport, Port Harcourt International Airport and the Nnamdi Azikiwe International Airport, Abuja, which are up for the planned concession to private managers.

The NLC considered the move to be suspicious, wondering the rationale behind the idea of trading off the airports it borrowed loans to put back in shape, with 25 years warranty on the airport facilities.

Also read: 5 Airports will resume domestic flight operations June 21

He said under the planned concession, 60% is ceded to the concessioner, leaving the Federal Aviation Authority of Nigeria, FAAN, with the remaining 40℅ out of which it is expected to service the loan from China and pay workers’ salaries.

The NLC boss lamented that a similar arrangement was used to trade off the MM2 Airport in Ikeja which has now resulted in bitter litigation and perpetual injunction ceding the asset to the concessioner.

(Editor: Ifeanyi Mark)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Africa Finance Corporation Secures US$75 Million Credit Line from the Arab Bank for Economic Development in Africa (BADEA) to Accelerate Infrastructure Development November 25, 2025
  • Merck Foundation underscores their long-term partnership with Angola First Lady to train healthcare providers and support Girl Education November 25, 2025
  • Merck Foundation Chief Executive Officer (CEO) marks ‘International Day for Elimination of Violence against Women 2025’ through their “Our Africa” Television (TV) Program, Songs, Children Storybooks and Animation Films November 25, 2025
  • Artificial Intelligence (AI)-Driven Cartels Challenge Traditional Antitrust Approaches, Experts Conclude at HSE Conference November 25, 2025
  • The AFRICA24 Group offers you: 2025 Award ceremony of the UNESCO-Equatorial Guinea International Prize for Research in the Life Sciences November 25, 2025

Trending

Insecurity
Coalition of Northern Youths threaten mass action over insecurity
Local
aitlive 3 5
NAPTIP rescues 12-year-old girl forced into marriage in Benue State
Local
aitlive 1 33
President Tinubu vows to end Nigeria’s reliance on borrowing, targets 18% rise in Tax to GDP ratio
Economy Headlines
aitlive 7 1
Tinubu Meets Ayim, Metuh At Presidential Villa
Local
AIT IMAGES 4
Zamfara Govt. Pledges To Prioritise Girl-Child Education
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?