Infrastructure

FAAN applies strategy to tackle over N3 trillion airport infrastructure deficit

Posted on by Wole Shadare
FAAN applies strategy to tackle over N3 trillion airport infrastructure deficit

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku said the agency is taking a bigger, bolder approach to fixing decrepit infrastructure at the country’s airports that had been left for so long. She noted that the infrastructure gaps at airports that stakeholders put at more than N3 trillion won’t change overnight. Kuku who spoke at the Business Breakfast Meeting put together by the Aviation Safety Round Table Initiative (ASRTI) in…

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Solace in private sector to close aviation infrastructure deficit gap

Posted on by Wole Shadare
Solace in private sector to close aviation infrastructure deficit gap

Nigeria’s aviation sector is no doubt one of the sectors going through a myriad of problems including infrastructural challenge that requires trillions of Naira to upgrade, WOLE SHADARE writes Infrastructure deficit Just last, aviation stakeholders gathered in Lagos to chart a fresh path for the aviation industry, particularly as it concerns the provision of infrastructure to the sector. The aviation/airport infrastructure deficit runs into over N2 trillion. There are indications that the Federal Government does…

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Experts: IGR insufficient to tackle decaying aviation infrastructure

Posted on by Wole Shadare
Experts: IGR insufficient to tackle decaying aviation infrastructure

Aviation stakeholders agreed in unison that aviation agencies’ Internally Generated Revenue (IGR) is no longer sufficient, to address the myriad of challenges confronting the sector, particularly the cost of aviation infrastructure. They noted that the attraction of private sector funds, and the adoption of public-private partnership models is needed to tackle ageing airport and air navigation facilities. This is coming as the  Minister of Aviation and Aerospace Development, Mr Festus Keyamo and other industry experts…

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IATA: Nigerian carriers can’t compete with poor infrastructure, high operational costs 

Posted on by Wole Shadare
IATA: Nigerian carriers can’t compete with poor infrastructure, high operational costs 

…Says govt clued, understands value of aviation to growth The International Air Transport Association (IATA) has maintained that Nigeria’s two biggest airports, the Murtala Muhammed Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja boast the record of aerodromes with the highest cost operation for airlines. The Vice-President IATA for Africa and Middle-East, Kamil Al-Awadhi who spoke to Aviation Metric at the just concluded IATA 80th Annual General Meeting and World Air Transport Summit in Dubai, United Arab Emirates (UAE), said this is made…

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‘Our major plan is to fix decaying airport infrastructure, masterplan’

Posted on by Wole Shadare
‘Our major plan is to fix decaying airport infrastructure, masterplan’

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku said the immediate plans of the agency is to start with minor modifications and maintenance policies of many of the decaying airports’ infrastructure. These immediate plans according to her involve things like lighting in the airports, and resuscitation of the airport cooling system to start working immediately noting that the inheritance of decaying infrastructure by the President Tinubu administration should not…

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How $1.68 billion airlines’ trapped funds, high cost, infrastructure set aviation in Africa backward- IATA

Posted on by Wole Shadare
How $1.68 billion airlines’ trapped funds, high cost, infrastructure set aviation in Africa backward- IATA

Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 according to the International Air Transport Association (IATA). The funds are held by countries experiencing foreign exchange reserves. The countries are Ghana, Nigeria, Ethiopia, Angola and Zimbabwe. IATA attributed trapped funds as one of the major issues plaguing aviation in Africa, describing the numbers as alarming with it having a huge and devastating impact on connectivity. IATA’s Regional…

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Infrastructure, fundamental to building vibrant tourism sector

Posted on by Wole Shadare
Infrastructure, fundamental to building vibrant tourism sector

The Acting Chief Operating Officer of Bi-Courtney Aviation Services Limited, operators of MMA2 Ikeja, Tosan Duncan Odukoya, has emphasized the importance of recognizing and enhancing the forces that drive tourism in today’s world of travel and adventure. She stated that infrastructure and process flow are foundational for building a vibrant tourism sector. Duncan Odukoya stated this during a breakfast forum hosted by Philips Consulting Limited and the Nigeria-South Africa Chamber of Commerce (NSACC) held at…

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