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60% Of FAAN’s Revenue Comes From Lagos – Keyamo

Published by Tope Fakinlede on September 2nd, 2023.

60% Of FAAN’s Revenue Comes From Lagos – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, 60 percent of the revenue of the Federal Airports Authority of Nigeria (FAAN) comes from Lagos State.

Keyamo added that this necessitates optimal use of the new terminal, according to a statement by the ministry’s Head of Press and Public Affairs, Odutayo Oluseyi, made available to Channels Television on Friday.

The minister, who spoke during his facility visit to the Lagos Airport on Thursday, also expressed the Federal Government’s desire to optimise the generating capacity of FAAN.

According to him, the new terminal has 60 check-in points and can accommodate much traffic.

See the full statement below:

FG set to optimize FAAN’s revenue generating capacity

Hon. Minister of Aviation and Aerospace Development, Festus Keyamo SAN, CON, FCIArb.(UK) has expressed FG desire to optimize the generating capacity of FAAN.

Speaking during the facility visit of the Lagos Airport, Keyamo said 60%revenue of FAAN comes from Lagos and as such the new terminal should be used optimally. He said the new terminal has 60 check-in point and can accommodate much traffic.

Stating that the old terminal should undergo complete overhaul, he noted that the central cooling system is not working, and a lot of dilapidation needs to be fixed. He further directed that all airlines in the old terminal should move their check in counters to the new terminal within 3 months.

On concessioning of the airports and Nigeria air project, the Minister said all will be put on hold (suspended) until he briefs Mr. President on his findings. He stated that in as much as he is willing to protect the local airlines, he expects them to be more efficient and effective, noting that issues of flight cancellation and delays will be looked into and laws enforced where necessary. He further directed the removal of unserviceable aircraft by the owners for expansion of Apron.

To give space for the expansion of the new terminal to accommodate bigger aircraft, Keyamo said he will discuss with owners of private hangers within the space for possible relocation of their hangers.

Odutayo Oluseyi
HP&PA