Monday , 5 December 2022

Tag Archives: Concession: Unions again question rationale behind 60-40 profit sharing; $1b debt repayment

Concession: Unions again question rationale behind 60-40 profit sharing, $1b debt repayment

FOUR major aviation unions have again questioned the rationale behind the profit sharing of the proposed concession and why the Federal Airports Authority of Nigeria (FAAN) is disadvantaged  despite bearing major costs including the over $1bn loan repayment utilized to build the terminals. This is just as they have alleged that the promoters of  Outline Business case (OBC) are unsure …

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