• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FAAN Proposes Landing, Parking Fees Slash For Increased Investment To Smaller Airports

by Leadership News
10 months ago
in Business
FAAN
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Airports Authority of Nigeria (FAAN) is considering different incentives and possible concessions including cut in landing and parking fees to draw investors to smaller airports across the nation.

Advertisement

FAAN’s Managing Director, Olubunmi Kuku who spoke on Wednesday at the ongoing airport business summit and expo 2024 in Lagos, noted that one of the strategies under consideration is the reduction of landing and parking fees at smaller airports.

This initiative, according to Kuku, aims to encourage airlines to fly into these airports or use them as their home base, thereby making them more economically and commercially viable.

“The congestion at Lagos airport has made it eminent to look at driving home base to other airports and increasing markets,” Kuku said.

She said the industry needs more investments, stressing that the government cannot provide what will sustain the industry but can only provide an enabling environment.

RELATED

Deploying AI Will Not Cause Job Loss In Nigeria – Expert

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

18 hours ago
FirstBank Customers Get N93m In ‘Win Big Promo’

FirstBank Launches Facial Recognition On Mobile App

18 hours ago

“What I call on you for is, for us together, to explore the private sector model, the private sector models that actually work and put in legal entity frameworks that allow those models to favour and protect FAAN,” she added.

The MD acknowledged the challenges local airlines encounter, including issues related to fleet size, financial constraints, insurance, and foreign exchange, adding that these challenges should be considered.

Kuku said some airports are operating below capacity, specifically Minna airport, which has 122 staff members but is currently not operational.

Speaking on service level agreements (SLAs), Kuku said while the authority is ready to sign SLAs, the quality of service will be critically assessed with a baseline in mind.

SLA is a contractual agreement between a customer and a service provider on what services the latter will provide and the service standards the provider is obligated to meet.

“It is also very important that we really look through service quality and I know I have heard everyone talk about SLAs and when FAAN is going to sign one.

“I stand before you here today to say we are ready to sign a SLA. However, we will sign that SLA with a baseline in mind, and I agree that the SLAs position us for growth that are achievable.

“I also want to quickly state that where public-private partnerships have had a lot of progress, that is not the case, but that is where public-private partnerships have had significant success stories,” She said.

The MD, however, said the implementation of these strategies would require approvals from the federal Ministry of Aviation and Aerospace Development.

Comparing the infrastructure in Nigeria to its counterparts, she said the industry is barely scratching the surface, hence, the need to leverage technology and innovation.

Kuku praised the organizer of the summit, Fortune Idu for assembling a wide range of stakeholders, such as airport regulatory agencies, security agencies, unions, and airport managers.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: FAAN
SendShareTweetShare
Previous Post

Borno To Close Overcrowded Cemeteries Over Health Concerns

Next Post

Army To Probe Alleged Killing Of 3 Civilians, Cattle By Troops In Kaduna

Leadership News

Leadership News

You May Like

Deploying AI Will Not Cause Job Loss In Nigeria – Expert
Business

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

2025/06/30
FirstBank Customers Get N93m In ‘Win Big Promo’
Business

FirstBank Launches Facial Recognition On Mobile App

2025/06/30
Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade
Business

Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade

2025/06/30
Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger
Business

Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger

2025/06/30
Council Targets Accelerated Sugar Project Devt In 2025
Business

Poor Backward Integration Programme Performance To Cost Sugar Firms Import Quotas

2025/06/30
Bbb+ Rating
Business

TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

2025/06/30
Leadership Conference advertisement

LATEST

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

JUST-IN: Dantata’s Burial Postponed To Tuesday 

Court Jails Cab Driver For Unlawful Trafficking Of 12 Live Parrots

Jega Harps On Modernisation Of Nigeria’s Livestock Sector

Minister Inaugurates 11-man NPA Governing Board

Navy Arrests Suspected Militant With Firearm In Bayelsa

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.