The federal government long planned airport concession may be commencing soon as Hadi Sirika, Minister of Aviation has received the Outline Business Case Certificate of Compliance for the concession of Lagos, Abuja, Port Harcourt and Kano International Airports from the Infrastructure Concession Regulatory Commission (ICRC).

Receiving the certificates of compliance from Chidi Izuwah, the Director General of the Commission, in his office Sirika said “with these certificates of compliance we will go-ahead to the Federal Executive Council for approval for the full business of concession to proceed and that will turn the airport terminals to its full potential in private hands as millions of dollars would be pumped into the airports”

He recalled that President Muhammadu Buhari had earlier approved the Aviation Sector Roadmap which the Ministry has been following and operating diligently and part of which was airport terminal concession.

Sirika commended the Infrastructure Concession Regulatory Commission which through its the mandate, has guided the ministry throughout to ensure compliance and value for money, transparency, equity, and fairness.

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He also expressed satisfaction with the quality of work done by the Transaction Advisers that culminated into the release of the certificates by the ICRC.

The Minister noted that with the full implementation of airport terminal concession about 241,700 jobs will be created. He explained that some time is the entire value chain that of aviation business that needs to be considered which is wide and large.

In his remarks, Izuwah said the Federal Government through the Ministry of Aviation has adopted Public-Private Partnership PPP as the strategy to leverage on private sector participation and investment in order to achieve the upgrade and development of new terminal infrastructure at the four airports in a cost-effective and value -for- money manner.

He said the airports in Nigeria have great potentials but were currently operating at sub-optimal level due factors that will have to be improved under the PPP programme.

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.

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