Wednesday , 1 February 2023

Tag Archives: Concession

SIFAX Group sues FG, Aviation Minister, 2 foreign firms over MMIA concession bid

One of the bidders for the concession of the Murtala Muhammed International Airport (MMIA), SIFAX Group of Companies Limited has approached a Federal High Court in Lagos to disqualify Tav Airports Holding Company and GMR Airport Limited stating that both firms owned by the same company, Airport De Paris (ADP) submitted separate bids for MMIA and were shortlisted for the …

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FG says no airports ownership changes, defines areas slated for concession

THE Federal Ministry of Aviation has said that there will be no be no ownership change with regards planned concession of four Nigerian airports as the parts of the airports to be concessioned applies to the non-aeronautic assets of the airports located in the Passenger and Cargo terminals. The ministry in a series of Frequently Asked Questions (FAQ) released recently …

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Concession: Aviation Ministry denies conflict with CCECC; silent on actual concession earnings

 Says concession timeline not set in stone Reveals Transaction Advisors’ identities IN a bid to explain its planned concession quest, the Ministry of Aviation has released responses to possible questions that have been asked with regards the concession of the nation’s highest generating airports albeit the responses did not explain in details the entire situation. The Frequently Asked Questions (FAQ) …

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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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