By Chinelo Obogo
The Ministry of Aviation has revealed that the concession of the Nnamdi Azikiwe Worldwide Airport (NAIA), Abuja, and Mallam Aminu Kano Worldwide Airport (MAKIA), Kano has been authorised by the Federal Government Council.
In a press release by the Particular Assistant on Public Affairs to the Minister of Aviation, James Odaudu, the Minister mentioned there was a radical and complete analysis course of that commenced with the Request for Qualification (RFQ) marketed in native and worldwide media on sixteenth August 2021, and after subsequent analysis of technical and monetary bids, coupled with due diligence visits carried out from December twenty seventh to twenty ninth and January ninth to tenth 2023, the Corporacion American Airport Consortium emerged as the popular bidder.
“The concession of NAIA and MAKIA will significantly improve the operational effectivity and profitability of those airports, repositioning them to function optimally and competitively. This settlement, beneath a Public-Personal Partnership association, can be efficient for 20 years for NAIA and 30 years for MAKIA
“As well as, the Company American Airport Consortium is dedicated to creating upfront funds of USD 7 million for NAIA and USD 1.5 million for MAKIA. Throughout the concession interval, whole projected nominal revenues accruable from the mixed concession of NAIA and MAKIA exceed $4 billion. Over 70% of those projected revenues can be payable to the Federal Airports Authority of Nigeria (FAAN), thereby producing further income sources for the Federal Authorities,” he mentioned.
Reacting to the approval, coming identical day as signing of the Memorandum Of Understanding (MoU) for the graduation of the African Aviation and Aerospace College (AAAU), Minister of Aviation and Aerospace, Hadi Sirika mentioned the interval is momentous for Nigeria’s aviation business.
The partnership with the Corporacion American Airport Consortium, he mentioned, underscores the Administration’s dedication to enhancing the requirements of the nation’s airports, offering world-class providers to all travellers and producing appreciable financial advantages for the nation.
In a associated growth, the Federal Government Council additionally authorised the change of nomenclature of the Federal Ministry of Aviation to the Ministry of Aviation and Aerospace with instant impact. The brand new nomenclature is according to the character of the sector, being beneath the unique administration and regulation of the Federal Authorities.
