Nigeria’s Major Airports Now Opened For Investors

green africa airways

Hadi Sirika Nigeria’s Minister of state for aviation is giving the markets the positive sign that Nigeria’s aviation is ready for a real change.

Her latest on comment on key decisions to be made about the country’s airports, has corroborated PageOne’s position that Nigeria’s aviation sector is a hot investment point of call.

According to Hadi, the government will be putting up the following airports for concessioning- Nnamdi Azikiwe International Airport, NAIA, Abuja; Murtala Muhammed Airport, Lagos; Aminu Kano International Airport, Kano; and Port Harcourt international airport. As quoted by Punch newspaper:

“The Nigerian economy has high rate of return on investment in excess of 30 per cent. Its aviation sector is full of opportunities, some of which include the concession of airports (Abuja, Kano, Lagos and Port Harcourt); partnerships to establish a national carrier; maintenance, repair and overhaul centre; aviation leasing centre; and development of agro-cargo terminals and associated infrastructure.

“Others are partnerships to upgrade the Nigerian College of Aviation Technology; leisure and hospitality, including hotels and resorts; logistics facilitation, including taxi and car hire; cargo, courier, warehousing, clearing and forwarding; catering and packaging; currency exchange, duty free and tourism guide; and facility management.”

This belt, with a population of 600 million people, is with a total absence of any significant aviation business. There is no strong carrier, no major maintenance, repair and overhaul centre, no efficient airport; in fact, not even a significant catering company.

“However, as bad as this may sound, it will surely gladden the heart of an investor. So, therefore, Nigerian aviation is as virgin as you will love it.”

Currently, NAIA is in a bad shape. Apart from the fact that the airport is an architectural disaster, the airports, runways are currently overtaken by dangerous portholes. Last week, Hadi threatened to shut down the airport. While, this is practically impossible as the airport the only international airport in the country’s capital, she is under pressure to fix it.

The Port Harcourt international airport is an eyesore. Series of conflicts between the former governor of the state and Nigeria’s former president stalled remodelling and upgrade of the airport.

While it is expedient for Nigeria to hands off the management of its airport, the government does not have funding for it in the first place. Nigeria’s aviation industry is bedevilled with series of systemic and external problems. However, after trying to tackle the problem for many years with no success, it is high time the government hands off it and bring investors into the scene.

Featured image: ChannelsTV

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