The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has revealed that the N23.1 billion allocated for the rehabilitation and repair of airport facilities across the country is significantly insufficient.
Speaking on Channels Television’s “The Morning Brief,” Kuku stressed the urgent need for substantial capital investment in the aviation sector.
Key Points:
-Insufficient Funding:
Kuku emphasized that the allocated N23.1 billion is inadequate to address the critical infrastructure needs of Nigeria’s airports.
“It may not actually scratch the surface if you look at where we are in terms of infrastructure development and upgrades,” she said.
- Critical Infrastructure Needs:
The funds are intended for improvements to terminal areas, landsides, and air sides, among other facilities. Kuku highlighted the necessity for urgent upgrades to maintain operational efficiency. - Subsidizing Airports:
FAAN manages 22 airports, of which only three are commercially viable. The remaining 19 airports are subsidized by the authority, with additional support planned for new airports under development. - Revenue Allocation:
Kuku mentioned that FAAN allocates 50 per cent of its revenue to federal coffers, which poses a significant challenge. The authority is currently in discussions with various government branches to seek financial relief. - Boosting Passenger Traffic:
Kuku emphasized the need to focus on key economic sectors such as trade, manufacturing, and tourism to drive traffic into airports, rather than merely constructing new ones. She noted that passenger traffic is more influenced by GDP growth and economic activities. - International Collaboration:
FAAN is working with international organizations like the International Air Transport Association (IATA) and the Federal Ministry of Aviation to expand domestic and international routes. Initiatives are underway to transform Nigeria into a transit hub, enhancing the use of airport infrastructure.
Kuku’s remarks highlight the pressing need for increased funding and strategic planning in the aviation sector to improve Nigeria’s airport infrastructure.
With almost four million international passengers traveling from Nigeria, efficient use and maintenance of these facilities are crucial for their sustainability.