Aviation Sector Offers Strong Returns, FAAN Tells Operators, Lessors

The managing director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has called on airlines, aircraft lessors, financiers and other industry stakeholders to position strategically for the next phase of growth in Nigeria’s aviation sector.
Kuku made the call while delivering a keynote address at the Nigerian Aircraft Acquisition and Investment Summit, where she emphasised that the country’s aviation market remains one of the most attractive on the African continent.
She noted that Nigeria’s large and youthful population, coupled with its diversified economy and strategic geographic location, continues to drive strong demand for both passenger and cargo air services.

According to her, despite global disruptions such as pandemics and economic headwinds, Nigeria’s aviation industry has shown resilience, with improving load factors, recovering routes and emerging opportunities for new connections.

“Investors should focus on long-term fundamentals rather than short-term fluctuations, and Nigeria’s aviation market fundamentals remain strong,” she said.

Kuku reiterated the federal government’s commitment to creating an enabling environment for aviation growth through infrastructure modernisation, improved safety and security, and policies aimed at attracting private sector investment.

She explained that FAAN is aligning with these objectives by enhancing airport infrastructure, strengthening regulatory compliance and supporting airline fleet expansion efforts.

The FAAN boss also highlighted a shift in the perception of airports, describing them not just as infrastructure assets but as viable investment platforms.

She identified opportunities across aeronautical and non-aeronautical segments, including terminal upgrades, cargo and logistics facilities, commercial real estate, maintenance, repair and overhaul (MRO) services, and training institutions.

“These investments will not only improve passenger experience and operational efficiency but also reduce airline costs, create jobs and enhance the overall bankability of aviation projects,” she stated.

On investor confidence, Kuku outlined key priorities, including improving infrastructure reliability, simplifying operational processes, ensuring transparent and predictable charges, and strengthening safety and security systems.

She added that FAAN is also deepening partnerships with local and international financiers, leasing companies and development finance institutions to unlock funding for both infrastructure and fleet acquisition.

Kuku stressed that the summit provides a critical platform for aligning stakeholders on practical and sustainable solutions for aircraft acquisition and broader industry development.

She further pointed to emerging opportunities under continental initiatives such as the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM), noting that Nigeria is well-positioned to serve as a major aviation hub for West and Central Africa.

Calling for stronger collaboration, she assured stakeholders that FAAN remains committed to continuous dialogue, policy refinement and adoption of global best practices.

“Market confidence is built through consistent and visible action, and FAAN is committed to matching its words with tangible results,” she said.

Kuku concluded by reaffirming that Nigeria’s aviation market is resilient and expanding, urging investors and operators to take advantage of current reforms and position early for future growth opportunities