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These Airports had the highest traffic in Nigeria in 2017

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A report by the National Bureau of Statistics released this week shows 13,394,945 passengers traveled through Nigerian airports in 2017. This comprised of  6,693,687 at arrivals and 6,701,258 at departures. The figure was an 8.03% decline from 2016, mainly due to the six-week closure of Abuja airport in March 2017.

2017 Q4 saw steady growth in the number of both domestic and international passengers travelling to or from Nigerian airports, by 6.46% and 1.01% respectively.

For the first time in the year, more arrivals were recorded than departures for both domestic and international travelers in 2017 Q4.  Arrivals and departures in the reviewing quarter were 1,864,906 and 1,308,959 respectively.

What airports had the highest traffic ? 

Lagos, Abuja, Port Harcourt, Owerri, and Kano airports served over 92% of total passengers in the fourth quarter of 2017. The fourth quarter of a year is for the months October-December.

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A total of 57,484 aircraft arrived at or departed from Nigerian airports in 2017 Q4, among which 47,223 were domestic aircraft and 10,261 were international aircraft.

The last quarter of 2017 recorded 33,425,743 KG cargo movement in Nigerian international airports. The figure declined by 41.75% year-on-year and by 25.53% quarter-on-quarter.

The volume of cargo movement in Lagos, Port Harcourt, Abuja, Enugu, and Kano declined sharply by 40.13% 41.67%, 79.73%, 83.88% and 10.80% year-on-year in 2017 Q4.

In 2017 Q4, the weight of mail to move through Lagos was 363,228 kilograms which increased by 255.23% from 2016 Q4. Mail movement through Abuja international airports grew by 15.11% year-on-year.

The annual total numbers of domestic and international air passengers declined by -8.40% and -7.13% respectively compared with the previous year.

Passengers who traveled through Abuja airport largely increased from Q2 (577,386 domestic and 692,207 international) to Q3 (841,401 domestic and 231,414 international) due to the reopening of Abuja airport.

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Kaduna airport recorded higher than usual numbers of domestic traffic in the first two quarters of 2017 (124,996 in Q1 and 129,034 in Q2) since a large proportion of air traffic through Abuja was redirected to Kaduna after Abuja airport’s closure in March 2017.

The annual total number of aircraft that arrived at or departed from Nigerian airports in 2017 stood at 214,258 which grew marginally by 0.61% from the same quarter in 2016.

Cargo Movement also fell 

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Cargo movement declined for the fourth year running since 2014. The annual volume of cargo movement in 2017 bottomed at 161,800,520 KG (a decline by 17.07% from the annual figure in 2016).

Abuja international airport recorded the highest year-on-year decline in cargo movement traffic among the five airports (59.21%), followed by decline at Enugu (44.35%), and Lagos (18.19%). Cargo movement at Kano international airport and Port Harcourt international airport in 2017 increased by 20.28% and 17.56% respectively.

In 2017, the volume of total mail movement in Abuja and Lagos airports grew significantly (by 500%) compared with 2016.

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Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via [email protected]

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Energy

NNPC opens bid for repairs of pipelines and depots on a finance and operate basis

The project is expected to be operated on a public-private partnership basis.

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Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Nigeria explains when it will fully comply with OPEC+ output cut

The Nigerian National Petroleum Corporation (NNPC) declared open on Tuesday, August 11, bids by interested private investors to repair the pipelines and depots that are serving the refineries.

These pipelines, built almost 4 decades ago, are very critical in the successful movement of crude oil to the country’s 3 refinery complexes located in Port Harcourt, Kaduna and Warri, and the subsequent movement of the finished petroleum products to the consumers.

The pipelines, which according to NNPC are in dire need of comprehensive repairs, have experienced years of incessant theft and vandalism as well as ageing.

This project is expected to be operated on a public-private partnership basis as the bidders are expected to finance and execute the project, then operate for an agreed number of years before transferring back to the NNPC. In other words, the bidders for the extensive repairs of these pipelines would have to finance them independently and operate for a defined period in order to recover their investment costs with throughput tariffs.

It must be noted that this model is similar to the one that had been in place by the state oil giant for the refineries. The NNPC had also announced plans to get private investors to invest in the repair of the 3 refineries on a repair and operate basis, as they do not want to be involved in the management of these refineries.

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The NNPC Group Managing Director, Mele Kyari, had said that the ultimate plan for these refineries was to allow it to run on the LNG model, where the shareholders would be free to decide on the fate of these refineries going forward.

The refineries, which have only run sporadically, were shut down by NNPC earlier this year while awaiting repairs and upgrade. These 2 projects are expected to be handled separately according to information made available on Tuesday.

In addition, the new pipelines would need intrusion detection systems, as well as deep burial, to stop theft or vandalism. The deadline for the submission of these bids is due by September 18.

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Economy & Politics

WTO Job: Okonjo-Iweala reveals how to resolve the rift between US and China

Mrs Iweala revealed how she hopes to resolve the rift between the United States of America and China.

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WTO, Okonjo-Iweala joins South Africa's presidential economic advisory council as nation struggles with recession

As the jostle for the top job at the World Trade Organization (WTO) becomes more intense, the Nigerian candidate, Ngozi Okonjo-Iweala, has disclosed some of her plans for the institution. The former Nigerian Finance Minister recently had an exclusive interview with CNBC Africa.

Speaking during the interview, Mrs Iweala revealed how she hopes to resolve the rift between the United States of America and China, the 2 biggest economies in the world, especially as regards trade issues. She also noted that part of her vision is to build a trade institution where there is greater trust among its members. She also stressed that the WTO, at this critical time, is needed to ensure that trade and global markets remain open.

READ MORE: Gold price up as COVID-19 cases rise, U.S-China tensions heighten 

On healing the rift between the US and China, Okonjo-Iweala admitted that it is going to be challenging and not be easy. She said:

Well this is not going to be easy, if it was easy, it could have been done a long time since. So it would be very challenging but it is not an impossible job. It is very clear that both the US and China have been helped and benefitted from the multilateral trading system in the past. Hundreds of millions have been lifted out of poverty. They have experienced shared prosperity in the economies and their countries.’

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The Nigerian candidate pointed out that it is important to remind the US and China of this shared prosperity. She then disclosed that she would listen to both countries to find out what really are the issues causing distrust among them. She said that she will not want to be involved in the larger political problems, but will rather separate the trade issues and focus on them and build this trust.

READ MORE: Dangote fertilizer plant to begin production this year

Going further on how to settle their rift, Okonjo-Iweala said, “You need to begin to find areas where there can be confidence-building and trade. Building trust is not talking about it, you have to have areas where both can work together and agree and we have a golden opportunity in the fisheries subsidies negotiations that are going on now because the US is a party to it, China is a party, the EU, all other members.’’

“It is a multilateral negotiation, so if they can sit around the table with others to negotiate this and have a successful outcome, that is one thing that will be shared in common between the 2. So that will begin to build confidence. Then reaching out both in the US and in China to talk to the policymakers, go where the decisions are made, talk to congress also in the US and begin to show the benefits of the system again.’’

READ ALSO: FG inks $3.9 billion deal with Chinese firm for construction projects 

She also said they will look at reasons why they need to work together because their rift may be causing negative externalities for other members. She is of the opinion that exposing all of these, working with them, and listening carefully will begin to build confidence.

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She believes that while achieving this will be difficult, focusing seriously on trade issues can create room for a breakthrough.

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Coronavirus

US hands over 200 ventilators to Nigeria

The US Ambassador to Nigeria said USAID and  Nigeria will work very closely over the next couple of weeks.

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US hands over 200 ventilators to Nigeria

The United States of America, on Tuesday, August 11th, handed over some 200 ventilators to the Federal Government of Nigeria. This was disclosed by the Federal Ministry of Health via its Twitter handle, following the handover ceremony in Abuja.

The US Ambassador to Nigeria, Ambassador Mary Beth Leonard, at the handover event, explained that the ventilators are compact & portable & can be easily mobilized to reach those patients with the most severe symptoms of COVID-19.

Speaking during the handover ceremony, the Ambassador said, “Their arrival fulfills the commitment discussed between US and President Muhammadu Buhari earlier this year. Our support includes; training on the use & maintenance of this equipment, ensuring that the ventilators can address other respiratory illnesses in the years beyond.”

According to her, the United States Agency for International Development (USAID) and  Nigeria will work very closely and energetically over the next couple of weeks, with the Presidential Taskforce on COVID-19, to bring these ventilators across each of Nigeria’s states & the Federal Capital Territory.

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“The United States has been pivotal in supporting Nigeria’s membership in the ‘Every Breath Counts’ Coalition. Nigeria is now one of 2 countries in Africa to have an “oxygen roadmap” that seeks to fight against pneumonia, hypoxemia, & now COVID-19,” she stated. She then added that as the U.S. Ambassador to Nigeria, she remains proud of the strong friendship between the two countries.

The Backstory: Last April, Nairametrics had reported when the Minister of Information, Lai Mohammed, said that “President Donald Trump assured that the United States stands in solidarity with Nigeria in this difficult time and promised to send ventilators to support the country in its fight against the pandemic.”

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