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The Digest:

Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that Nigeria's airports are operating at a significant financial loss, making them unsustainable for the Federal Government without private sector involvement. Speaking at the launch of Enugu Air, Keyamo underscored the urgent need for concessioning facilities like Enugu airport to attract private investors who can drive profitability and economic growth. This transparent admission signals a strategic shift, recognizing that the nation's aviation sector, currently

Key Points:
  • Nigerian airports are currently operated at a financial loss.
  • Federal Government cannot profitably sustain the airports.
  • Minister Festus Keyamo stated this at the Enugu Air launch
  • Enugu airport is being concessioned, not sold, to private investors.
  • The concessioning process is supported by the President, FAAN, and the National Assembly.
  • A new cargo terminal at Enugu airport aims to boost regional exports and employment.
  • Enugu Governor Peter Mbah proactively attracted private investments for the airport.
Keyamo's frank disclosure highlights the pressing need for private sector intervention to transform Nigeria's aviation infrastructure. The push for concessioning, exemplified by Enugu airport, aims to unlock economic potential and ensure the long-term viability of these critical assets


Sources: Channels Television