Business A.M
No Result
View All Result
Wednesday, February 18, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home The business traveller & hospitality

Enugu airport concession not for 80 years, says minister

by Admin
January 21, 2026
in The business traveller & hospitality

 

Sade Williams/Business a.m.

The Enugu International Airport named after Akanu Ibiam, is not being considered for an 80-year concession duration, the office of Festus Keyamo, the minister of aviation and aerospace development, has disclosed.

This disclosure puts to rest speculation that a decision has been taken by the federal government of Nigeria to concession the airport for such a long period.

Tunde Moshood, special adviser on media and communications to the minister, said the reports are ‘utterly baseless and untrue.’

Whilst it is true that the Federal Government is considering proposals for the concession of five major airports, which the Ministry said is a “proactive measure to ensure these vital facilities can meet and maintain international standards, given the increasing financial demands of their operations,” it added that “many of our airports are presently running at a loss, so they have to be subsidised each month by the Federal Government.”

Keyamo explained that currently, prospective concessionaires have indeed submitted various proposals, including different durations for the concession.

“It is important to emphasize that the Ministry of Aviation and Aerospace Development has not established any fixed duration. All submitted proposals are currently undergoing thorough evaluation that will eventually be reviewed by the ICRC before it is presented to the minister for conveyance to FEC for approval. We can confirm that this review process has not been concluded. However, for the sake of transparency, the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo directed, some months ago, that aviation labour unions be included as part of the negotiating teams.

“Therefore, we must state unequivocally that the information suggesting a predetermined concession duration is false, unfounded, and intended to cause unwarranted disaffection and mistrust in this process by those with entrenched interests.

The statement assured that the federal government is committed to a transparent process that adheres strictly to due process.

“With his training and track record, the Minister will not allow anything untoward to happen under his watch. He has so far run the Ministry in a transparent manner and will not fall into the same mistake of the past. We will ensure that all decisions are made in the best interest of the nation and the aviation sector,” it stated.

Admin
Admin
Previous Post

NAMA trains two pilots in push for flight calibration unit 

Next Post

Deepfakes: The looming digital threat reshaping global business security

Next Post

Deepfakes: The looming digital threat reshaping global business security

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026
Ladi, rising on global tech space

Ladi, rising on global tech space

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M