The Federal Government’s plan to concession four of the country’s international airports has received a boost as Minister of Aviation, Hadi Sirika receives the Outline Business Case Certificates of Compliance for the concession of Lagos, Abuja, Port Harcourt and Kano International Airports from the Infrastructure Concession Regulatory Commission, ICRC
Receiving the certificates from the Director-General of the Commission, Chidi Izuwah in Abuja, Sirika said the Ministry is set to approach the Federal Executive Council for the approval of the full business of concession to proceed towards turning the airport terminals to their full potentials in private hands as millions of dollars would be pumped into the airports .
The Minister commended the Infrastructure Concession Regulatory Commission which through its mandate, has guided the Ministry throughout to ensure compliance and value for money, transparency, equity, and fairness and expressed satisfaction with the quality of work done by the Transaction Advisers that culminated into the release of the certificates by the ICRC.
The Minister noted that with the full implementation of the airport terminals concession, about 241,700 jobs will be created.
In his remarks, the ICRC Director-General, Chidi Izuwah said the Federal Government has adopted Public-Private Partnership PPP as the strategy to leverage on private sector participation and investment in order to achieve the upgrade and development of new terminal infrastructure at the 4 airports in a cost-effective and value -for- money manner.
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Izuwah said the airports in Nigeria have great potentials but were currently operating at sub-optimal level due factors that will have to be improved under the PPP programme and noted that airport terminal concession was one of the critical projects under the aviation sector roadmap of the FG and fits well within the scope of the Ministry’s strategic plan for the sector.
(Editor: Terverr Tyav)
