President Bola Tinubu’s administration has started the review of the airports concession process to ensure transparency.
According to the Minister of Aviation and Aerospace Development, Festus Keyamo who was speaking to news reporters in Abuja, President Tinubu has approved the review of the concessions for major airports in the country, with a view of them operating in line with international standards.
“Bureaucracy cannot run public infrastructure. They have to be run like private businesses.
“The review of the concession process is to ensure it is more transparent to deliver world-class infrastructure.
“We will do full concession of the airports and run them as private businesses. The president has asked us to go for the best.”
The federal government had opened the bidding process for the concession of four major international airport terminals in the country on August 16, 2021. However, Keyamo, weeks after he was appointed a minister, suspended the airports concession plans and the Nigeria Air project on August 31, 2023.
The airports include Nnamdi Azikiwe International Airport, Abuja; Murtala Muhammed International Airport, Lagos; Malam Amınu Kano Internatıonal Airport, Kano; and Port Harcourt International Airport.
The federal government had said the concession would be for a period between 20-30 years.
In October 2022, the government announced the preferred and reserve bidders for the concession of airports.
