The Federal Government of Nigeria has approved the concession of the Nnamdi Azikiwe International Airport, Abuja and the Mallam Aminu Kano International Airport, Kano for 20 and 30 years, respectively.
This came as the Federal Government looks to generate $797.4m (N368.8bn) as concession fees and taxes from the concessionaire, Corporación America Airports.
“Put together it is about $800m. And this is equal to the amount of money that we borrowed to build those four airports,” the Minister of Aviation, Hadi Sirika, told State House correspondents after this week’s Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.), at the Aso Rock Villa.
Sirika said Wednesday’s approval was part of the ministry’s roadmap aimed at putting the the nation’s assets under concession rather than privatisation.
He explained, “It is a concession of the Nnamdi Azikiwe International Airport and the Mallam Aminu Kano International Airport.
The consortium that won the bid are Mssr Corporación America Airports consortium and in the consortium, they have Mssr Mota-Engil Africa and Mssr Mota-Engil Nigeria and this is through a PPP and it’s for 20 years for Abuja and 30 years for Kano.”
SOURCE: THE PUNCH
