The plan would enable private investors to own, operate and recoup investments made on Lagos, Abuja, Port Harcourt and Kano airports. xThe Federal Government, however, gave a condition that the operation might be extended depending on performance and ‘Nigeria’s best interest’ subject to negotiation and approval by the Federal Executive Council (FEC). The FEC, in 2016, approved the concession of the four major airports in a move to have them run efficiently and profitably. “There shall be no change in the ownership structure of the airports involved in this programme. “We now have the Outline Business Case (OBC) Certificates of Compliance from the Infrastructure Concession Regulatory Commission.

Source: The Guardian June 03, 2021 03:11 UTC