The Federal Executive Council approved the procurement of taxi lighting systems for airports in Port Harcourt, Lagos, and Abuja at a total cost of N3.04bn.
The approval, granted after the ratification of the procurement proposal during an Extra-Ordinary FEC meeting presided over by Vice President Yemi Osinbajo on May 15, 2023, also included the procurement of photometric pattern machines for the three airports.
The Minister of Aviation, Hadi Sirika, made the announcement at the Presidential Villa in Abuja. He also revealed that the FEC had ratified the establishment of a leasing company, a vital component of the aviation roadmap, which would allow existing investors and new entrants to lease equipment at affordable rates.
Sirika highlighted the significance of the aviation leasing company, stating, “Today in Council, something very significant happened in the world of civil aviation. Part of our roadmap, the aviation leasing company, has been established and approved by Council.”
He further emphasised that the full business case for the entire aviation roadmap programme had been approved by the FEC, marking a major milestone towards the comprehensive development of the nation’s aviation industry.
SOURCE: THE PUNCH
