The Minister of Aviation, Hadi Sirika, has received the Outline Business Case Certificate of Compliance for the concession of Lagos, Abuja, Port Harcourt and Kano International airports.
Receiving the compliance report on Tuesday in Abuja from the Infrastructure Concession Regulatory Commission (ICRC), Sirika said that, “with these certificates of compliance we will go-ahead to the Federal Executive Council for approval for the full business of concession to proceed and that will turn the airport terminals to its full potential in private hands as millions of dollars would be pumped into the airports”
According to a statement made available to newsmen by the Director of Public Affairs in the Ministry of Aviation, James Odaudu, Sirika said: “President Muhammadu Buhari had earlier approved the Aviation Sector Roadmap which the Ministry has been following and operating diligently and part of which was airport terminal concession.
Sirika commended the Infrastructure Concession Regulatory Commission which through its the mandate, has guided the ministry throughout to ensure compliance and value for money, transparency, equity, and fairness.
He also expressed satisfaction with the quality of work done by the Transaction Advisers that culminated into the release of the certificates by the ICRC.
The Minister noted that with the full implementation of airport terminal concession, about 241,700 jobs will be created. He explained that some time is the entire value chain that of aviation business that needs to be considered which is wide and large.
On his part, the Director-General of ICRC, Engr. Chidi Izuwah said the Federal Government through the Ministry of Aviation has adopted Public-Private Partnership (PPP) as the strategy to leverage on private sector participation and investment in order to achieve the upgrade and development of new terminal infrastructure at the four airports in a cost-effective and value -for- money manner.
He said the airports in Nigeria have great potentials but were currently operating at sub-optimal level due to factors that will have to be improved under the PPP programme.
Izuwah said airport terminal concession was one of the critical projects under the aviation sector roadmap of the FG and fits well within the scope of the Ministry’s strategic plan for the sector.