Nigeria: Aviation sector to inject about $5bn

The Nigeria aviation sector is expected to inject about $5 billion out of the $3.10 Trillion required by the National Integrated Infrastructure Masterplan (NIMP) over a period of 30 years through Public Private Partnerships (PPP).

This was recently disclosed by the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Engr Saleh Dunoma at the annual conference and exhibition of the Airport Council International ACI) holding in Montreal, Canada.

Speaking at the session on Public Private Partnership, Dunoma hinged his presentation with a quotation from President Muhammadu Buhari thus:

“We also have a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home. In essence we seek Public Private Partnership in our quest for enhanced capital and expertise.”

Dunoma said the appointment of Hadi Sirika, an aviator as the Minister of State, Aviation has fast tracked the provision of the legislative framework and corresponding incentives to attract foreign direct investment.

“We invite Investors to join the PPP process for airport management and take advantage of the great and vast opportunities, “Feets”and Offerings in our airports,” he concluded.

Earlier at the opening ceremony, the Director General of ACI World, Angela Gittens said ACI-NA works with members everyday to seek common sense approaches to turn short-term challenges into long-term opportunities.

She said this year’s conference, the largest “for airports, by airports “ gathering in the world,perfectly highlights Airport Council International’s unique position as the Voice of Airports all around the world.

President of Aeroports de Montreal, James Cherry expressed delight in playing host to airport leaders across the globe.

According to him, the Montreal – Trudeau air port is celebrating its 75th anniversary and will be glad to share the many changes made to lift it’s services to world-class levels and strengthen its role as a strategic transportation hub.