FG Approves Concession of Lagos, Abuja Airports




The Federal Government has approved the concession of Murtala Muhammed International Airport, Lagos and Nnamdi Azikiwe International Airport, Abuja.
This was disclosed on Monday by Vice-President Yemi Osinbajo at the quarterly parley of the government and private sector stakeholders organised by the Presidential Enabling Business Environment Committee (PEBEC) at the Presidential Villa, Abuja.

He, however, did not give details of the transaction especially with respect to the identity of the beneficiary companies.
Accirding to him, the Federal Government’s main commitment on ease of doing business in Nigeria was to ensure a general overhaul of the business environment which he said would involve the concession of all airports in the country.
The federal Executive Council (FEC), Osinabjo said, had already granted approval for the concession of both Abuja and Lagos airports..
His words: “First, we want to do a general overhaul. Second, we want to concession all the airports. I am pleased to say that the Federal Executive Council (FEC) has approved the concessioning of the Lagos and Abuja airports.”

Osinbajo said that the move was important because it had served as the forum for the government to receive both criticisms and suggestions from the private sector.

He pointed out that government’s commitment on ease of doing businesses in Nigeria was predicated on both evolution plans and capacity building.

Osinbajo said it had become imperative to improve the capacity of government agencies which regulate business activities, and that government would remain focused.
On the current challenges confronting the power sector, he said while the country currently generates 6,700 megawatts of electricity, 2,000 of it gets wasted daily because of problems between the transmission and distribution companies.

He said the distribution companies also expressed their unwillingness to take the 2,000 megawatts because of the unwillingness of some consumers to pay as he pledged government commitment to improve infrastructure related to power distribution.

Osinbajo also said part of the business overhaul initiatives of the government is to ensure the provision of power in some notable business environments such as the Ariaria Market in Aba, Abia State; the printing industry in Somolu, Lagos, and a Kano market without the necessary connection to the national grid. He described it as “all sorts of off-grid initiatives to get power.”


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