The Federal Government has approved the concession of the Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.
Vice President Yemi Osinbajo said this on Monday while speaking at the fifth edition of the presidential quarterly business forum held at the State House, Abuja.
“I am pleased to say that the federal executive council (FEC) has approved the concessioning of the Lagos and Abuja airports,” Osinbajo said.
The Minister of state for Aviation, Hadi Sirika, had earlier assured that the process of concessioning the airports would be transparent.
“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner.
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“The contracts are not properly prepared, no risk analysis and no financial models.
“Consequently, it is not surprising that they ended in litigation. I want to assure stakeholders that we will be transparent and the concession is in the best interest of the country.
“We will ensure that Nigerians are given priority in getting jobs in the aviation sector. We will give adequate time for the airlines to prepare themselves but for sure, we will ensure that it happens soonest,” he said.
Sirika has already inaugurated two committees, project steering committee and project delivery committee for the concessioning process.