Shell Energy Entrepreneurs banner Yudala banner
Experts recommend privatisation of Nigeria’s airports

By News Express on 30/03/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,749

Mr Richard Aisuebeogun, Chairman, Airport Business Summit and Expo, has called on the Federal Government to privatise the country’s airports to make them more viable for business.

Aisuebeogun, a former Managing Director of Federal Airport Authority of Nigeria (FAAN), made the call during the 2016 Airport Business Summit and Expo on Tuesday in Abuja.

He said that management of airports by the government was no longer fashionable globally, adding that airport business all over the world has become private sector driven.

According to him, airports are transformed into private enterprises in such a way that their operational efficiency and financial accountability will increase because there will be balance sheet to be checked.

“More so is the fact that government is limited by the available funds for expenditures today, airports will probably be in the middle scale.

“What we are saying is that now is the time therefore for government to begin to look at ways to privatise the airports for operational efficiency and financial accountability.

“It can be done in such a way that the airport would now be seen as a business unit that will attract public and individuals who are in charge of business enterprises.”

Aisuebeogun stated that Nigerian airports were viable to be transformed into business zones, explaining that all the airports built in the 1970s were based on the country’s National Development Plans (NDPs).

He added that the NDPs that drove the construction of the airports looked at the economic consideration in the various regions that those airports were built at that time.

According to him, the airports were built not only for the integration of the regions, but because of the economic viability of the regions where those airports were built.

The chairman lamented that the economic drive of the airports had been jettisoned over the years, adding that the government only laid so much emphasis on the operational drive of the airports.

He explained that the operational drive of the airports was “cost end’’ while the economic drive was ‘profit end’ to the business.

“What we are saying in essence is that even if the management of airports is in the hand of the federal government as it were today, the individual airports must go back to the basis.

“They should take into consideration the economics of the states where they are built and tap into it because people will only fly their airplane to where they know there are business opportunities.

“First, let us identify our economic viabilities in various regions because that is when the airports would grow and that is what is being done in other parts of the world.

“Ethiopia has taken advantage of its air transport system to take over the East African regional market because they have also created a low level carrier to run through the East African region.”

Aisuebeogun, however, advised that the existing airports should be remodelled and restructured to meet international standard instead of building new ones.

The News Agency of Nigeria (NAN) reports that the summit, with the theme ‘Repositioning the Airport Business to Sustain Air Transport growth,’ is holding its second edition.

Mr Fortune Idu, Organiser/Convener of the summit, said that sound airport development, concept, plan and programme were vital for a viable, sustainable and safe total air transport system.

Idu said that the summit was designed to present the aviation industry from the airport perspective and link it to the development of cities and regional economies.

He stated that airport business was the runway for the takeoff of fast economic growth as well as offering a safe landing for delivery of economic dividends.

“However, this derivable is only possible when the airports are well managed and potentials maximised.” (NAN)

•Photo shows Murtala Mohammed Int’l Airport, Ikeja, Lagos.

Source News Express

Posted 30/03/2016 04:54:29 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!


You may also like...
PDP youths ask Sheriff to apologise to Jonathan...

Nigerian Embassy in Senegal welcomes University of Ibadan...

Bayelsa’s life-and-death election, By Olusegun Adeniyi

Bayelsa PDP brands former members traitors to Ijaw...

NHRC, NCWS sign MoU on protection of women’s...

Whitney Houston’s daughter battles for life after being...

Ikpeazu unveils package for Abians for the next...

Prof. Otunta emerges new VC of Michael Okpara...

Boko Haram launches fresh attack on Yobe, repelled...

UNEP Report: FG targets 5,000 for medical outreach...

Rotary announces US$35 million to combat polio worldwide;...

Irate APC supporters burn President Jonathan’s campaign vehicles...


Latest News Lagos APC Reps endorse Ambode for second term Grace Mugabe’s degree lands VC in trouble Saraki mourns 21 Bauchi students, 3 teachers, driver Nigeria’s bobsled team fails to impress at Pyeongchang Winter Olympics For NASS, a youthful legacy beckons Way out of Africa’s problems — Peter Obi Notorious assassin opens up in police custody •Exposes sponsors, gives details of killing operations Buhari rejects Nigerian Peace Corps Bill 22 killed, 28 wounded as bomb blasts rock Borno Obasanjo threatens to commit suicide if hope dims for Nigeria We don’t know Shekau’s whereabouts — Nigerian Army Bayelsa flags off measles vaccination campaign, lifts ban on school medical outreach


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (324,422 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (315,873 views) Shameless Genevieve Nnaji exposes breasts in public (252,411 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (207,294 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (193,833 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (186,190 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (161,829 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (145,287 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (139,590 views) Lagos plane crash: Journalist releases victims’ names (128,454 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (126,878 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,288 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,894) Business Verdict (33) Columnists (802) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (442) Features (548) Global Business Monitor (225) International (1,794) Interviews (143) Live Commentary (28) Love Matters (104) News (32,889) Opinion (883) Pidgin (10) Politics (4,496) Religion (673) Sports (1,432) Stock Watch (27) AMA & Al Jazeera Global Update


CBN Banner advert

CBN Words on marble



Football president George Weah puts Liberian army to the test


APO Group Partner



Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera