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Tag Archives: Concession

Airports Concession: Reps’ say financial adviser, PDT fall below expectations

AFTER listening to the Minister of Aviation, Senator Hadi Sirika deliver his concession strategy, the House Committee on Aviation led by Honourable Nnolim Nnaji has resolved to set up subcommittee to review the reports of the financial adviser, (FAD) and the project delivery team, (PDT) both of which fell below expectations. The subcommittee is to interface with the Ministry of …

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NLC writes President Buhari proffers ideas to counter FG’s concession plans

Labour canvasses Green Field concession, full autonomy or corporatization of FAAN ORGANISED Labour has written to the President of the Federal Republic of Nigeria, Muhammad Buhari profession alternatives to the planned concession of four of the nation’s most viable airport stating that the current handling of the process and drive is worrisome and would only end up enriching a few …

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Unions allege Chinese debt on airport terminals grown to US$1billion

Reject 60%-40% concession pitch, plans to sack staff after two years at concessionaire’s whim Say Sirika bent on concessioning a concession UNIONS have declared that the planned concession which will see the concessionaire get 60% of the revenue sharing formula while FAAN gets 40% and still has to service the Chinese debt of over US1 billion is dead on arrival, …

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Updated: Unions embark on warning strike locks out Minister

TODAY unions across the country embarked on a warning strike and at the Freedom Square of the Federal Airports Authority of Nigeria ( FAAN) unions at the Murtala Muhammed Airport followed suit, shutting down the administrative arm of the agency over irreconcilable differences. Read also: Unions allege Chinese debt on airport terminals grown to US$1billion The unions Air Transport Senior …

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Concession: Nnolim promises NASS intervention urges unions to sheath swords

PROTESTS yesterday over the planned concession of the nation’s four airports may have struck the right chords as the House of Representatives is calling for the unions to sheath their swords and come to the negotiating table. House of Representatives Committee Chairman on Aviation, Honourable Nnolim Nnaji made this appeal to aviation workers urging them to prepare to present their …

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The path to grow Nigeria’s Aviation

By Simon Tumba FOR a long time aviation stakeholders have been expressing concern over the stagnant or retarding predicament of this massive sector, considering our natural, human and economic potentials. Perhaps based on these factors, including the $1.3 billion annually repatriated by foreign airlines, Senator Hadi Sirika put out a plan over four years ago to set up a national …

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Nigerian airports for concession not privatization

THE Honourable Minister of State for Aviation had recently briefed the public and the industry stakeholders of government plans to concession certain airports to private investors as part of the larger plans to privatize some public enterprises. Following the Honourable Minister’s Briefings, there had been some emotional reactions from the public and more too from the aviation stakeholders who ordinarily …

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Minister mulls relocation to Lagos to fix infrastructure deficit at MMA

MINISTER of State (Aviation), Senator Hadi Sirika has expressed plans to relocate to Lagos so that he can tackle headlong some of the challenges currently bedeviling the Murtala Muhammed Airport. Sirika who made this known yesterday after checking out the Airport and dispelling rumours of an earthquake at MMIA owing to vibrations noticed there said that come April 19 after …

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