The Federal Airports Authority of Nigeria (FAAN) says only three of the 22 airports in Nigeria are profitable.
The Federal Airports Authority of Nigeria says only three of the 22 airports in Nigeria are profitable.
“We also have about six or seven airports that are either owned by state governments or private individuals or entity which we also support with either aviation security or fire and rescue services. Kuku said the FAAN contributes 50 percent of its revenue to the federal coffers which is a major challenge, adding that the authority is in discussions with the various arms of government to seek some relief.The FAAN boss said passenger traffic is driven by gross domestic product growth and economic activities rather than the construction of new airports.Kuku said it is important to focus on key activities such as trade, manufacturing, and tourism to increase airport traffic.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We’ won’t gag the Nigerian media – Nigerian govt'The Tinubu’s administration is therefore, dedicated to creating an environment where journalists can work freely, without intimidation, and with the assurance that their rights will be acknowledged and protected.'
Read more »
Interrogating Eleazu’s Nigerian leadership challenge in Nigeria as i see itUma O. Eleazu was born in Asaga town of Ohafia in Igboland, Nigeria. He earned his Doctorate from the University of California, Los Angeles
Read more »
Guinness Nigeria affirms commitment to Nigerian market, celebrates trade partnersGuinness Nigeria Plc, has confirmed its commitment to the Nigeria market, even as it recognised its trade partners across Nigeria.
Read more »
Ethiopian Airlines Makes Fresh Comment on Nigeria Air Project with Nigerian GovernmentA Trusted Nigerian Newspaper
Read more »
Breaking News - The Nation NewspaperDaily breaking news in Nigeria, Breaking Nigerian News - Leading Nigeria Newspaper - Top News from Nigeria, Africa and the world.
Read more »
Sallah: FRSC records 51% reduction in accidents nationwidePremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »