Privatisation: Shareholders urge NAHCO to bid for airports

Shareholders of Nigerian Aviation Handling Company (nahco aviance) have urged the management to bid for ownership and management of airport terminals following the planned privatisation of airport infrastructure by the federal government.

The federal government plans to privatize and concession Nigeria’s five major international airport terminals in order to improve their infrastructure and efficiency via a Public-Private Partnership (PPP) strategy to be supervised by the Bureau of Public Enterprises (BPE) and the Ministry of Aviation and Aerospace Development.

Speaking at the 45th Annual General Meeting of nahco in Lagos, Farouk Umar, President of Association for the Advancement of Rights of Nigerian Shareholders (AARNS) while commending the company’s giant stride in the 2025 business year affirmed that “NAHCO has now reached a level that they can even provide the same services in other African countries. When I was on board, I tried to take the business to Morocco Airport but we did not get it.”

He said “Secondly, the government is trying to privatise the airport. I call on NAHCO to bid because they have the capability and financial position to win the bid.”

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According to him, “They have done very well. Last year, the share price was N80, today, it is over N200 and that is more than 250 per cent. They are giving bonuses of one to seven which is very commendable. And they have now won the business of Fly Gabon, Saudi and Qatar. This will increase revenue and bring more profit to shareholders. We believe the dividend next year will be much higher”.

Seinde Oladapo Fadeni, NAHCO Group Chairman affirmed that the company’s operational excellence continues to show in their results.

He told shareholders saying: “we know it should delight you as owners of the company that in 2025, NAHCO recorded impressive growths across key performance indicators, combining a strong push for market share with disciplined cost management”.

On dividend, Fadeni stated that the impressive performance in 2025 means that NAHCO can sustain its track record of remarkable dividend payment.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.