How will Nigeria Push Ahead with its Airports Privatization Plans for Big Four?

Kevin Rozario

London

August 6, 2020

sunset 2746373 1280

It is coming up to four years since Nigeria’s government first offered up a privatization plan for its outdated airports. Attracting foreign investors was considered the best way to modernize the country’s key gateways and bring them up to international standards. Nigeria’s ‘big four’ international airports – Lagos Murtala Muhammed (LOS), Abuja’s Nnamdi Azikiwe (ABV), Port Harcourt (PHC), and Kano’s Mallam Aminu (KAN) – were being prepared for a multi-airport sell-off in the form of a 50-year concession. All of them are 100% government-owned and operated by the Federal Airports Authority of Nigeria (FAAN). The statutory body runs all the country’s 26 public airports. Last year, AirportIR.com listed a series of issues that delayed the privatization process. These ranged from a legal action at LOS about an existing concession at the domestic terminal to union opposition over fears about job losses which persist today. Worries that there is insufficient independent oversight of the project also remain. The Muhammadu Buhari administration is actively welcoming international investment in Nigeria on a very broad basis. In July Buhari said: “There is no way a country can develop if it is hampered by severe deficits in infrastructure.” He specifically referenced China’s role in helping to reversing these so-called deficits in the areas of rail, roads, airports and power.

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.