The Federal Ministry of Aviation has revealed that 4 Nigerian airports will be handed over to private operators who will run them for at least 20 to 30 years.
The airports listed for concession include the Murtala Mohammed International Airport, Lagos State; Nnamdi Azikiwe International Airport, Abuja; Mallam Aminu Kano International Airport, Kano State and Port Harcourt International Airport, Omagwa.
The concession plan was contained in a document released by the spokesperson for the Ministry of Aviation, James Odaudu, on Thursday.
He said the plan is subject to negotiation and final approval by the Federal Executive Council.
The document read, “Infrastructure concessions of this nature come with a significant financial obligation which any responsible concessionaire will no doubt be keen to recoup.
“To this end, we envisage a minimum of 20) to 30 years for the programme, which may be extended depending on performance and Nigeria’s best interests. That said, the duration is not set in stone and will be subject to negotiation and then final approval by the Federal Executive Council.”
