Minister, FAAN task private sector on airport investment, viability

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Festus Keyamo,Olubunmi Kuku

Seeking collaboration and emphasising the importance of public-private partnerships, Minister of Aviation and Aerospace Development, Festus Keyamo and Managing Director of the Federal Airport Authority of Nigeria (FAAN), Olubunmi Kuku, have urged the private sector to take advantage of opportunities within the aviation industry and invest.

Seeking collaboration and emphasising the importance of public-private partnerships, Minister of Aviation and Aerospace Development, Festus Keyamo and Managing Director of the Federal Airport Authority of Nigeria , Olubunmi Kuku, have urged the private sector to take advantage of opportunities within the aviation industry and invest.

According to the Minister, the government alone cannot shoulder the burden of airport development and expansion. The aviation Minister said that beyond their role in supporting aviation businesses, airports are vital drivers of national and regional economic development. “I believe the concessions have been used largely, and I know that there have been challenges with them, but there are successful models of concessions that have worked globally. I also continue to talk about joint ventures, and management contracts, some of which have been leveraged across various airports globally. Some of the airports within the United Arab Emirates have leveraged some of this model.

Unauthorised access to telecommunications and other critical national infrastructure sites in the country has been banned as the Federal Government has finally gazetted the ‘Designation and Protection of Critical National Information Infrastructure Order 2024’.Minister of Aviation and Aerospace Development, Festus Keyamo, has hit the ground running with hands-on interventions in the troubled aviation sector.

 

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