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FG approves concession of Lagos and Abuja airports

Business & Economy News

Image result for lagos airports: medianet.info

The Vice President, Yemi Osinbajo, on Monday said the Federal Executive Council, FEC, has approved the concessioning of the Lagos and Abuja International Airports for better management.

Mr. Osinbajo said this in Abuja at the fifth Presidential Quarterly Business Forum aimed at improving the ease of doing business in Nigeria. He, however, did not name the concessionaires.

“We are working hard to make the airports more passenger friendly, but then we have several issues.

“Infrastructure is in a terrible state and we know that public sector has a poor record on maintenance of facilities.”

He said the airports needed to be overhauled as they lacked basic facilities as most of the available ones were dilapidated.

He said for the economy to be improved, the private sector needed to be involved in many ways.

“Partnership with the private sector is not only a policy, it is the most sensible thing to do and our approach is to engage, work collaboratively to take criticisms and suggestions seriously and to respond.’’

He said a lot needed to be done in the whole process to ensure that what needed to be done was done to guarantee change and improve the economy.

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