2024 Budget: FG to spend N23bn on airport rehabilitation, aerodromes, others

The Federal Government has proposed to spend the sum of N23,085,000,000 on rehabilitation and repairs of airport/aerodromes and air navigational equipment in the 2024 fiscal year.

Specifically N20,985,000,000 was budgeted for the rehabilitation and repairs of airport/aerodromes, while 2,100,000,000 is for the rehabilitation of air navigational equipment.

The figure which is part of FG’s executive proposal in the 2024 Appropriation Bill also earmarked over N63.31 billion for the parent Ministry of Aviation and Aerospace Development.

While the ministry get N39.80 billion, the Nigerian Meteorological gets N13,199,789,935, the Nigerian College of Aviation Technology, Zaria got N5,500,235,528 and the Nigerian Safety Investigation Bureau, NSIB, received N4,808,779,916.

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Furthermore, other details of the allocation reveals that the Ministry and its agencies will be spending over N1.39 billion on refreshment and meals, welfare packages, sporting activities, among other listed items.

As an ongoing project, the Ministry has plans to spend N2 billion in the development of Aerospace University in Abuja, and N1 billion on the expansion of wing D and E fingers of Murtala Mohammed Airport, MMA, in Lagos.

Also, while N500 million has been earmarked for ongoing projects on safety and security critical projects and airport certification nationwide, N10 million has been budgeted for purchase of fire trucks for airports.

N60 million has also be set aside for ongoing Bilateral Aviation Safety Agreement, BASA, and Multilateral Air Service Agreement, MASA, for Namibia, France, Netherlands, Switzerland, Portugal, United Kingdom , UK, Russia, Senegal Israel, Pakistan, Iran, South Africa, Eritrea, Namibia, Venezuela, among others.

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.