Fidelity bank banner UBA banner
Osun concessions MKO Int’l Airport to Turkish firm

By News Express on 27/10/2017

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

Views: 681

The Government of the State of Osun has signed a concession agreement with All Works of Life (AWOL) International Limited for the completion of MKO Abiola International Airport.

The signing of the concession agreement which is to annex the infrastructure development of the state was held in the State secretariat, Abere, State of Osun on Thursday.

AWOL International Limited in partnership with a Turkish company, Biray Group is expected to complete the project within the span of 8months.

The Chief Executive Officer, AWOL International Limited, Amb. Nurudeen Ogunlade, said, “Today’s signing of the concession agreement is of great significance to both AWOL and the State of Osun Government on the continuation of the construction of MKO Abiola International Airport and Aviation Maintenance with handling service from the heart of the Oduduwa kingdom.”

He said, “Compared with other local Airport, MKO International Airport will open the doors of business and other trade related opportunity within Ogun, Ondo, Ekiti, Kogi, Oyo, Kwara and Edo State as well as to our foreign visitors.

“On the completion of the construction of First Phase of the Airport within the period of 8months, it will take off with five aircraft, three passengers helicopter and one cargo aircraft by AWOL International Company.

He posited that his company will complete the entire Airport with 5 Star Hotels including all amenities like Cultural Centre, Water Park Recreation Center and Garden, Butterfly Museum and Casinos within the period of two years.

While enumerating the benefit that the airport will bring to the country, he said the airport is designed to facilitate the smooth movement of the people and goods from one point to another and serve as a channel way for tourism, hanger

and cargo.

He noted that the concession agreement was not in any way detrimental to the economy of the State and it will be run for 30years before it will be handed over fully to the State government.

He commended the Governor for his pragmatic effort in giving the State good shapes for an enviable future.

In his remark, the State governor of Osun, Ogbeni Rauf Aregbesola said, “We are doing something that is really extraordinary to take the state to a greater height in Nigeria. When I began the entire project; the airport, roads, the schools and other social infrastructures I was so sure that if there is no problem with our stream of income, definitely all these project will be completed. The arrangements we put on ground will now ensure effective completion of these project, as we did not use the conventional method of financing our project, rather we brought to bear what we called ‘flexible funding’ in partnership with some banks.

“Before the terrible financial mess that befell Nigeria, we had expended the sum of N2.9 billion on the project. The contractor handling the project has done certified work amounting to N3,667,178,112.15, meaning that outstanding for the contractor against the state is the sum of N640,970,164.10 million and these amounts includes retention of N170.6 million.

Photo shows Governor State of Osun, Ogbeni Rauf Aregbesola (2nd left), Chief of staff to the Governor, Alhaji Gboyega Oyetola (left), Chief Executive Officer & Managing Director Awol Group International Limited, Chief Ambassador Nurudeen Ogunlade (right), Commissioner for Justice and Attorney General for the State of Osun, Dr. Bashir Ajibola (3rd left), and Head of the Osun Economic Team, Mr. Teju Fagbeja (2nd right), during the Signing of MKO Abiola Int’l Airport Concession Agreement with AWOL International Limited at the Governor’s Office Osogbo, on Thursday.

Source News Express

Posted 27/10/2017 5:42:49 PM


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




You may also like...
Update: Why I RESIGNED as APGA BoT Chairman...

Asiwaju Tinubu, Restructuring and The King’s College Speech,...

Akpabio to Nigerians: Strengthen spirit of nationalism

Boko Haram suspects to be tried in secret...

U.S. Presidential Race: Republican rivals gang up to...

South West to succeed Buhari in 2023 —...

Pandemonium as gunmen shoot Pastor in front of...

Osaze warns Manchester United ahead of Prem clash...

Kaduna declares state of emergency on revenue generation...

Controversy over MTN secret masts •Outraged residents head...

Man machetes step brother to death •Another kills...

NCC vows to sanction fraudulent telecom operators, pledges...


Latest News Anambra monarch, wife die in quick succession Atiku releases ‘policy document’, promises to create three million jobs each year 4 INEC workers, NYSC member, 3-year-old die in Kogi accident Evans: Police hid me from Falana in a toilet University professor, employee kidnapped 2019 campaigns: Ezekwesili makes history, declares self the best 2019 Presidency: Jukuns endorse Atiku FG commends Zinox commitment to local content adoption Tambuwal now PDP Sokoto governorship candidate N800bn subsidy debt: Oil marketers send SOS message to FG I have forgiven those who plotted to impeach me — Ortom FEPSAN commends FG’s ban of NPF fertilizers


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (422,057 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,443 views) Shameless Genevieve Nnaji exposes breasts in public (323,500 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,954 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,517 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,654 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,355 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,909 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,190 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,747 views) Lagos plane crash: Journalist releases victims’ names (165,317 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,172 views)


Zenith Zero Balance First Bank chat banking


Categories Advertorials (3) African Press Organisation (81) Art & Literature (74) Business & Economy (3,800) Business Verdict (54) Columnists (964) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (568) Features (670) Global Business Monitor (310) International (2,695) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (38) News (40,644) Opinion (1,144) Pidgin (13) Politics (7,787) Religion (901) Sports (1,780) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera