The federal government yesterday allayed the fears of the Federal Airports Authority of Nigeria (FAAN) workers of any lay-offs as plans to concession four major international airports in the countr…
The federal government yesterday allayed the fears of the Federal Airports Authority of Nigeria workers of any lay-offs as plans to concession four major international airports in the country get underway.
“We will not sell the assets that belong to over 200 million Nigerians and the future generation of this country. The minister further explained that the airport terminal buildings to be concessioned would generate their revenues from non-aeronautical resources, while all other facilities at the airports and existing concessions, outside the airport terminals, would still be managed by FAAN.
Existing concessions within the terminals, however, would be inherited by the concessionaire and would be allowed to run their course before any review, Sirika said, adding that tariffs would be regulated in accordance with the procedures set out in the concession agreement.
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