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Business News

FG explains why it plans to demolish and rebuild the MMIA in Lagos

FG has explained the underlining reasons for the planned demolition and rebuilding of the 40-year-old Murtala Muhammed International Airport in Lagos.

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Lagos Airport

The Federal Government of Nigeria (FG) has explained the underlining reasons for the plan to demolish and rebuild the 40-year-old Murtala Muhammed International Airport, in Lagos State.

According to the Minister of State for Aviation, Hadi Sirika, the planned demolition became necessary after some investigations were carried out on the facility.

The Investigation: The Minister disclosed that the comprehensive investigations that were carried out by Julius Berger Nigeria plc revealed that there’s been an increase in the number of airlines over the years.

As a result of this, it has become necessary to rebuild the airport terminal. The Minister stated that besides the comprehensive investigation, airlines and other users of the terminal have, over the years, continuously canvassed the overhaul and expansion of the facility.

Backstory: Last weekend, information about the planned demolition of the 300,000 capacity Lagos Airport was disclosed by the Minister of State for Aviation, Hadi Sirika. He stated then that the airport has outlived its usefulness. It was further disclosed that it would cost about N14 billion to give the facility a befitting facelift.

A Major Reconstruction: The Former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunom, further gave a breakdown of the reconstruction of the Lagos Airport. According to him, the exercise will be carried out in two phases in order to allow for flight operations.

Sirika further explained that part of the major work to be carried out include: structural repairs on the integrity of the terminal, electrical cabling, extension of two levels of the terminal, the rebuilding of the gangways, as well as aviation bridges.

Other areas to be fixed in the terminal include the faulty elevators and the air-conditioning system. Siriki had stated that the mismatch which is currently being experienced at the Lagos Airport, does not portray Nigeria as a country planning for the growth of its aviation industry.

Meanwhile, the Minister faulted the airports remodeling exercises that were recently carried for over 13 terminals across the country. According to him, the $500 million loans that were secured from the Chinese Import-Export Bank and the Federal Government’s N100 million counterpart funds were not strategically deployed.  He argued that the previous loans should have been deployed towards fixing only Lagos and Abuja Airports.

Meanwhile, the Minister disclosed that the demolition of the Lagos Aiport will commence once the new international terminal being constructed with a loan from the Chinese Import-Export Bank is completed and inaugurated for use.

The minister stated that attention would be given to Lagos Airport as part of the government’s plan to develop an “aerotropolis” where airports play key roles as enablers of economic development.

In the meantime, Sirika said the government will go on with its planned concession of airports by bringing the private sector on board to ensure sufficient funding for Nigerian Airports.

“We will not hand over any airport from one tier of government to another. Rather, we will hand them over to private investors with proven capacity to undertake such tasks as it has been done in many parts of the world.”

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

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    Energy

    Agip shut oil facility in Bayelsa due to oil spillage, environmental pollution reported

    Agip on Wednesday confirmed an oil leak, resulting in a shutdown.

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    The Nigerian Agip Oil Company (NAOC) has confirmed the shutdown of its Idu oilfields at Egbebiri settlement within Biseni in Yenagoa Local Government Area in Bayelsa, due to an oil spillage.

    A Joint Investigative Visit (JIV) report on the incident said that the leakage at the facility could be traced to equipment failure due to a rupture at the wellhead.

    According to a report from the News Agency of Nigeria (NAN), Eni, the parent company of NAOC, in a response statement, said the facility was shut down to prevent further damage to the environment.

    READ: Shell wants oil spillage case tried in Nigeria, but victims say no 

    What Eni is saying

    An Eni spokesperson on behalf of the Italian Energy firm, in a statement, said, “As soon as the incident was reported, we activated our oil spill response, shut in the well, and notified government regulatory agencies.

    “The Joint Investigation Visit (JIV) was carried out on 09/05/2021, with the participation of community representatives and the government regulatory agencies.

    “The event occurred within the Company’s wellhead location which is paved and walled round. There is no significant third-party impact,” Eni stated.

    READ: UK court ruling affects acquisition of Shell’s oil block by Governor Wike 

    Hotflex

    Environmental Rights Group reports environmental degradation

    An environmental rights group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), however, said that the incident which discharged crude and associated gas had severely polluted the environment.

    The Non-Governmental Organisation said that a visit to the spill site showed pictorial evidence of the crude spreading beyond NAOC’s right of way as nearby vegetation were affected as a result of the crude impact.

    The Head of Field Operations at ERA/FoEN, Mr Alagoa Morris, in a field report on the spill said the Idu fields was notorious for frequent spills caused by equipment failure.

    He said, “The people of Egbebiri in Biseni kingdom have experienced several oil spills over the years. And all the oil spill incidents documented by the Environmental Rights Action/ Friends of the Earth Nigeria (ERA/FoEN) in this community environment have occurred as a result of equipment failure and on Wellheads.

    “ERA/FoEN has had cause to visit the environment of Idu Well 5 and 11 located within the same place in the past and it has always been Idu Well 11 spewing crude oil into the environment.

    “Available records from ERA/FoEN indicate that there have been previous oil spills from this particular Idu Well 11 operated by Agip. Before concluding this Field Report, ERA/FoEN confirmed that Joint Investigation Visit (JIV) was carried out on Sunday, 9th May 2021.

    “This is why the official Spill Reference No 2021/LAR/028/058 is indicated in this report; sourced from the JIV report. Cause of spill was attributed to equipment failure,” ERA/FoEN stated.

    Jaiz bank

    The report quoted a resident of the community simply identified as Georgie as saying that the spill incident of May 7 spilled oil from around 10 p.m till about 8 a.m the next day before the leak was stopped adding that the level of damage was enormous.

    What you should know

    It can be recalled that in a similar circumstance, Shell Petroleum Development Company reported an oil pipeline spillage at its Okordia-Rumekpe 14-inch crude truck line, discharging about 213 barrels of crude oil into the Ikarama community in Bayelsa State and polluting about 1.34 hectares of land.

    This new leakage is the latest in a series of oil spillages by the multinational oil exploration and production companies, which has put them in conflict with the host communities.

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    Energy

    Nigeria records system collapse during holidays

    Nigeria’s national electricity grid collapsed on Wednesday morning.

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    Abuja, Ikeja Discos top list in collection efficiency in Q1 2020- NERC, Estates in Lekki increase electricity tariff to N105/kWh, Eko Electric, Ikeja and 5 others to face NERC sanction for non-compliance, CBN reveals framework for financing National Mass Metering Programme (NMMP), Nigeria ranks eight African country with well-developed electricity regulatory frameworks, as Uganda tops.

    The Nigerian grid has experienced a partial collapse, dealing a blow for stay at home Nigerians during the holidays.

    This was confirmed in a statement by the Eko Electricity Distribution Company (EKEDC), as seen by Nairametrics.

    What EKEDC is saying about the grid collapse:

    “Dear customer, there is a partial system collapse on the National Grid. Our TCN partners are working to restore supply immediately. Please bear with us.”

    According to latest reports, partial restoration of power is already occurring across the country.

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