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Nairametrics
Home Sectors Aviation

Keyamo says N81 billion needed to complete Abuja Airport second runway

Chike Olisah by Chike Olisah
December 12, 2023
in Aviation, Sectors
Mr. Festus Keyamo,

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo

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The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the sum of N81 billion would need to be urgently invested to complete the construction of Abuja’s second runway.

Keyamo said the additional runway is crucial to meet the growing demands of air traffic and enhance the safety and efficiency of operations at the Nnamdi Azikiwe International Airport.

This was made known by Keyamo when he met with the 10th Assembly joint committee on aviation technology for the 2024 Ministry of Aviation budget defence, on Tuesday, December 12, 2023, in Abuja.

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The Minister also pointed that the Ministry of Aviation and Aerospace Development would be spending N63 billion in the 2024 budget.

More insight in his presentation

Keyamo at the meeting with the committee put the performance of the 2023 budget at 40% based on the releases so far, adding that critical projects such as Abuja 2nd runway, upgrade and rehabilitation of the old terminal of Lagos airport were vital projects that need urgent attention.

Affirming his 5 focus areas for the industry, the minister said there is a need to ensure strict compliance with safety regulations and continuous upward movement of Nigeria’s rating by ICAO.

He called for support for the growth and sustenance of local airline businesses while holding them to the highest international standards in the aviation industry.

He stressed the need for improvement of infrastructure in the aviation industry, adding the development of human capacity within the industry would form a top priority.

Speaking further, Keyamo appealed to the 10th Assembly joint committee for the procurement of consultancy for the design of a master plan for major airports in Nigeria, stating the need to give more attention to the area of safety with the procurement of equipment.

Concession concerns to be considered

On the issue of airport concessions, Keyamo said that he has taken into consideration the concerns of the 9th Assembly regarding the non-transparent manner in which it was conducted but affirmed that concessions are the way to go for the 5 international airports in Nigeria.

He informed the committee that he has written a memo to President Tinubu for a quality concession process for the Lagos, Kano, Abuja, Port Harcourt, and Enugu airport.


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Tags: Abuja AirportFestus Keyamo
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. David says:
    December 13, 2023 at 9:07 pm

    It is so painful that we have these crops of heartless set of people at the helms of affair in Nigeria and it’s not getting better but rather worse. If N81b is for just one runway alone, how much would you request to build a new aerodrome,not to talk of mini airport? May God deliver Nigeria from Nigerians at all levels. It’s so so sad.

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