• About
  • Privacy Policy
  • Contact
Thursday, March 23, 2023
No Result
View All Result
NEWSLETTER
Diplomatic Info
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
No Result
View All Result
Diplomatic Info
No Result
View All Result
Home ECOWAS Nigeria

FG should get nothing from airports revenues: FAAN

by Diplomatic Info
March 9, 2021
in Nigeria
0
FG should get nothing from airports revenues: FAAN
0
SHARES
12
VIEWS
Facebook ShareShare on WhatsAppTweet it!

The Federal Airports Authority of Nigeria (FAAN) has called for the stoppage of its 25 percent revenue contribution to the Federation Account to enable it address some infrastructure gaps.

Rabiu Yadudu, FAAN general manager, made the appeal during an oversight visit of the Senate Committee on Aviation at the Lagos airport on Sunday.

Yadudu explained that one way to ensure development in the industry was to allow revenue generated by agencies in the sector to be ploughed back.

The managing director said that the practice was obtainable across the globe and was also part of the international standard and recommended practice.

Mr. Yadudu decried accumulated airlines debt to aviation agencies particularly FAAN, adding that a particular airline owed N13 billion for services rendered and unpaid for.

“The industry is still having infrastructure gap to stabilise, therefore government’s support in stabilising the industry is needed.

“This can be achieved by suspending the contributions to the Federation Account in compliance with ICAO Standards and Recommended Practices (SARPs) Doc 9562.

“This document on airport generation provides that revenue generated by the airport should be transparently re-invested wholly in operating and developing airport facilities,” he said.

Mr. Yadudu said revenue generation was low as only two airports – the Murtala Muhammed International Airport (MMIA) and the Nnamdi Azikiwe International Airport (NAIA) mainly sustained other airports expenditures.

He also highlighted the global economic challenge both national and international which had affected airline operators causing them to reduce fleet, frequencies or totally withdraw operations thus affecting the agency’s revenue generation.

Mr. Yadudu decried the rising operating and maintenance cost of the new terminals and existing ones due to inflation and the devaluation of the naira.

The managing director, however, said the agency was tweaking its plans to make other airports that were not breaking even to perform.

He also said the airport management had embarked on aggressive debt recovery while it had introduced a ‘Pay As You Go’ system, adding that it had also commenced cashless policy among other loophole blockage areas.

Responding Senate aviation committee chairman Smart Adeyemi said the idea was commendable noting that  the issue was constitutional and would require a constitutional review to achieve.

Mr. Adeyemi commended Mr. Yadudu for the work done on the runways such as that of Enugu and Abuja but stressed that emphasis needed  to be placed on airports that had not had any form of rehabilitation since established, especially those in need of refurbishing.

“I was happy when we went to Enugu and saw the improvements on the runway and I want to also commend the minister of aviation for the rehabilitation of Enugu runway.

“However, there are quite a lot of airports that we need to start looking at budget inclusion for next year not this year.

“We will not wait till there is a mishap before we start looking at fixing the runways which are in bad shape, a number of them since they were constructed have not been touched and at times when you land in some of these airports, you don’t need to be a pilot to know that the plane will not maintain a balance,” he said.

Mr. Adeyemi said the committee would carry out more oversight function in 2021.

Diplomatic Info

Diplomatic Info

Next Post
NAMA decries vandalisation of airspace assets, urges upgrade of archaic equipment

NAMA decries vandalisation of airspace assets, urges upgrade of archaic equipment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Severe drought risks famine in Somalia, UN warns

Severe drought risks famine in Somalia, UN warns

12 months ago
Despite Supreme Court order, Stanbic IBTC, Union Bank, others insist on rejecting old naira notes

Despite Supreme Court order, Stanbic IBTC, Union Bank, others insist on rejecting old naira notes

1 month ago

Popular News

    Connect with us on Facebook

    Subscribe to Our Newsletter

    Enter your email now to join our community of readers, and get new contents straight to your inbox

    We promise to not spam you

    Thanks for joining in.

    Category

    • Africa
    • Benin
    • Burkina Faso
    • Business
    • Cote D'Ivoire
    • Cover Story
    • Diplomacy
    • ECOWAS
    • Education
    • Embassy News and Info
    • Events
    • Ghana
    • Guinea
    • Guinea Bissau
    • International
    • Liberia
    • Mali
    • News
    • Niger
    • Nigeria
    • Politics
    • Programs
    • Security
    • Senegal
    • Sierra Leone
    • The Gambia
    • Togo
    • Uncategorized

    Quick Links

    • About
    • Contact
    • Privacy Policy
    • Advertise

    About Us

    Providing strategic insights into important social, cultural, political, and economic factors that significantly influence business and nations, Diplomatic Info will examine these critical issues and provide strategies that create competitive advantages.

    © 2021 Diplomatic Info - Built by O.V.

    No Result
    View All Result
    • Home
    • Diplomacy
    • Embassy News and Info
    • Events
    • Business
    • Politics
    • Security
    • News
    • Cover Story
    • Africa
    • ECOWAS
      • Togo
      • Sierra Leone
      • Senegal
      • Nigeria
      • Niger
      • Mali
      • Liberia
      • Guinea Bissau
      • Guinea
      • The Gambia
      • Cote D’Ivoire
      • Ghana
      • Cabo Verde
      • Benin
      • Burkina Faso
    • International
    • Contact

    © 2021 Diplomatic Info - Built by O.V.