₦712bn Lagos Airport Renovation To Be Funded Without Loans, Says Keyamo

Following widespread criticism over the proposed N712 billion renovation of the Murtala Muhammed International Airport (MMIA), Lagos, the Minister for Aviation and Aerospace Development, Festus Keyamo, has defended the project, noting that it is necessary to modernise the country’s busiest airport, accommodate surging passenger traffic, and meet international standards.

Keyamo, on Sunday, said the approval for the complete rehabilitation, upgrade and modernisation of International Terminal One at the Murtala Muhammed International Airport in Lagos would be done without foreign or local loans.

In a lengthy statement on Sunday on the minister’s X account, he gave the details of the project.

Part of the statement read, “To further enunciate our plans for the Murtala Muhammed International Airport (MMI) in Lagos, let me clarify the approval we secured from the Federal Executive Council Meeting last week.

There are two international terminals in Lagos. Terminal One is that old building directly facing the long stretch of road leading to the airport, built & commissioned in 1979 by the Obasanjo-led Military regime. It has two wings, WING D and WING E. Terminal 2 is the new building on the right-hand side as you drive into the airport, started by President Jonathan’s government.  The project was completed during President Buhari’s govt with a Chinese loan, & made operational during President Tinubu’s first month in office.

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“Due to years of neglect and because the traffic over time quadrupled beyond its capacity, the building & facilities at Terminal One became decrepit. We have been engaged in some patch jobs over the years just to make it a bit presentable. Now, shorn of all the rhetoric, what we simply want to do is to strip down that building, including the entire roof (leaving only the carcass), then re-design/reconfigure it and build a brand-new airport for the nation to meet modern, international standards that can also cater for the increased traffic. Both wings D and E would be affected.”

The minister further noted that “As for the new Terminal (Two), we got approval to expand the building and the Apron (where aircraft park for boarding and disembarkation) to accommodate more aircraft, including wide-body aircraft. That is not all; we are constructing two new independent ring roads in and out of the airport (one for departure and one for arrival) and a bridge that will take travellers directly to the upper floor of Terminal Two Departure lounge, instead of lifting our luggage on the escalators when we are departing. It is a design error we intend to correct.

“We have also introduced smart solutions to the new designs to deliver a smart airport to Nigerians that can compete with any airport worldwide. In all, Nigerians will be proud of what we are going to deliver. And take note: this will not be done by a loan from anywhere but by the Renewed Hope infrastructure Development Fund, which is one of the gains made from removing subsidies.

“As the work progresses, we will invite the press, civil society groups, members of the National Assembly and interested Nigerians on regular tours of the facility to monitor the extent and quality of work. It is part of our national heritage; we should all be interested in the outcome.

“I will also encourage our compatriots to simply Google the cost of the most modern airports built worldwide in the last few years (including those in Africa, like Angola, etc.). You will agree with me that the Bureau for Public Procurement, which scrutinised and fixed the final cost of this project, did a fantastic job for the nation.

“And as a final word, telling Nigerians that we also have brand new Terminals in Kano, Abuja & Port-Harcourt is important. However, they are all underutilised due to the traffic that is less than thirty per cent of their capacities. ”

Also defending the approval, senior special assistant on Media and Publicity to President Bola Ahmed Tinubu, Temitope Ajayi, compared the project, in a post on his X handle, to the $19 billion renovation underway at John F. Kennedy (JFK) International Airport in New York.

“Anyone who has travelled through JFK Airport in New York in the last three years will see the extensive renovation work going on at the United States’ premier international airport,” Ajayi wrote. JFK is being renovated for $19 billion.

“At the last Federal Executive Council meeting, the federal government approved the remodelling and complete makeover of MMIA at the cost of N712.3 billion. In dollar terms, it is around $500 million.

“This will be considered a modest cost by all standards and at the level and scale of work that will be executed.”

Ajayi’s statement comes amid public debate over the project’s hefty price tag, which was approved during last week’s Federal Executive Council (FEC) meeting presided over by President Tinubu.

The Lagos airport upgrade — part of the administration’s broader “Renewed Hope Infrastructure Agenda” — is expected to include fully modernising the ageing terminal, improving the passenger experience, and upgrading safety and security infrastructure.