28 C
Lagos
Friday, January 15, 2021
- Advertisement -

Nigeria Targets 62 Airports in 2023, Says Aviation Minister

Opinion

2020: A Year Like no Other By Dakuku Peterside

The year 2020 was supposed to be a great year. It was another Leap Year – the famed Olympic Games year when...

The Time to Restructure is Now – Bola Tinubu

Being with you at this special event today, I am visited by two competing emotions. I continue to feel a profound sense...

Africa and the COVID-19 Vaccine – By Dakuku Peterside

The year 2020 will forever be synonymous with Covid-19, a pandemic that brought the world to her knees. For the first time...

Buhari is Repressing Human Rights and Getting Away With It – By Kolawole Olaniyan

President Muhammadu Buhari is failing to live up to his promises to ensure respect for human rights, obey the rule of law,...

Minister of Aviation Hadi Sirika, has said that Nigeria will double the number of its airports before the end of 2023. The West African country currently has thirty-one airports, twenty-six of which are operated by the Federal Airports Authority of Nigeria (FAAN). Five are international airports.

Mr Sirika said this during the public presentation of the 2021 budget proposal organised by the Ministry of Finance, Budget and National Planning.

He said, “We understood the principles and the importance of air connectivity and it is a very important sector. It boosts our economy and we believe investment in this sector will do well for our economy.

“Before the end of 2023, we would have doubled the number of airports in Nigeria. We understand the importance of aviation infrastructure as a critical component for the working of our economy and our national security assets.”

Mr Sirika said the aviation industry was the fastest growing sector in the country and the current administration had developed a roadmap to improve civil aviation and air transportation in general.

The 2021 budget is projected at N13.08 trillion, which is 21 per cent higher than the revised 2020 budget of N10.8 trillion. The Ministry of Aviation has budgeted N89.97 billion as capital expenditure for 2021.

The ministry also plans to spend N5 billion for safety and security-critical projects and airport certification nationwide and N14 billion for construction of the second runway at Nnamdi Azikiwe International Airport, Abuja.

The ministry has also proposed N1.6 billion for the extension and asphalt overlay of Murtala Muhammed International Airport runway, Lagos; N1 billion for the construction of a new terminal building in Enugu; and N1 billion for the construction of an airstrip in Abeokuta.

- Advertisement -
- Advertisement -

Business Profiles

Ngozi Edozien

Ngozi Edozien is the founder and Managing Director of Invivo Partners Limited. She has over 20 years’ experience in finance/private equity, general...

Sanyade Okoli

Sanyade Okoli is Chief Executive Officer at Alpha African Advisory. She has over 21 years of financial advisory, private equity, corporate, commercial...

Samuel Nwanze

Samuel Nwanze is a director of Transcorp Power. He holds an MSc. degree in Finance and Management from Cranfield University in the...

Olukemi Adeniji

Ms Adeniji has a law degree and a Masters in International Law and Diplomacy (M.I.L.D) from the University of Lagos. She has...

Chikezie Nwosu

Chikezie Nwosu is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz...