The Federal Airports Authority of Nigeria, FAAN, is wooing investors to the airports by providing them land for aviation and non-aeronautical facilities.
FAAN Managing Director, Saleh Dunoma, who revealed this in an interview, said the authority had worked out a template to attract investors interested in infrastructure, including construction and management of hangar facilities and fixed base operations (FBOs).
Dunoma listed other projects to include hotels, construction and management of automated car parks, development of terminal buildings, construction of runways, taxiways and aprons; construction and management of helipads and construction and management of independent power plants (IPPs) and aviation fuel deposit facility.
He explained that for third party businesses, FAAN provided land or developed aviation and non-aeronautical facilities in line with the agency’s commercial and investment policy on leases and rentals.
“It is easy to see why several factors work in our favour. FAAN offers an array of irresistible incentives and doing business with us has become a lot easier. We are investing heavily in the renewal and expansion of infrastructure at our airports with five international buildings nearing completion at Lagos, Abuja, Port Harcourt, Kano and Enugu airports,” he said.
“Our aim is to create capacity and promote excellent investment environment. With tourism growing in direct proportion to the economy, international best practice regulatory policies in place and world class service delivery at our airports, we are poised for a significant growth in passenger traffic and therefore confident that investors, both local and foreign, would realise prompt and significant returns on their investments.”
He said the industry contributes over $1 billion to the economy yearly and supports more that 150,000 jobs, thereby creating business opportunities for indigeneous and foreign investors.
