• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 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

N580bn Needed For Airport Runways Renovation – FAAN

by Yusuf Babalola
5 months ago
in Business
FAAN
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Airports Authority of Nigeria (FAAN) has revealed that the agency requires a whopping N580 billion for the rehabilitation of airports’ runways across the country.

Advertisement

The managing director of FAAN, Olubunmi Kuku, who made this disclosure during a tour of Lagos airport facilities by the Aviation ministry’s permanent secretary, Dr. Ibrahim Kana, on Wednesday, said the airports’ runways which were built in the late 70s have outlived their life span.

“N580 billion is required to fix runways across all airports, their life span is between 20 to 25 years but most of the airports were built in 1978. Many of FAAN’s facilities, including terminals and runways, are aging and in need of significant repairs and upgrades.

“This affects operational efficiency and safety, and necessitates substantial investment for modernisation. Also, despite efforts to enhance security at airports, FAAN continues to face challenges in managing security risks, particularly with the increase in air travel and the potential for terrorist activities or other threats at key airport locations. On land encroachment, due to lack of perimeter fence, the Authority landmass is constantly being encroached on all over the country.

“Obsolete equipment such as old fire tenders, generators, air conditioning systems conveyor lines with worn-out slats, belts and motors, can be found in many airports that have low efficiency and have high maintenance cost,” she said.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

7 hours ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

11 hours ago

Kuku, however, said the authority planned to modernise airport infrastructure by renovating terminals, expanding runways, and upgrading navigational aids.

In 2025, the construction of a new and befitting headquarters for FAAN will also be a top priority, providing a centralised and modern facility to enhance operational efficiency.

Priority will be given to improving critical facilities at major international airports and enhancing regional airport capacity to meet growing passenger and cargo demands.

“We need to be deliberate about it. So many haphazard jobs and abandoned projects at the airports. The runways require major rehabilitation,” she said.

The FAAN’s boss also disclosed that the Authority plans to increase its revenue for 2025 by adopting innovative strategies to increase non-aeronautical revenue streams, such as commercial concessions, advertising, real estate development, and cargo operations.

 

Kuku, who disclosed that N128.7 billion was remitted into the Federation account in 2024, noted that reduction in revenue leakages in 2024 led to about 93 per cent in Net inflows as compared to 2023.

 

While itemising challenges of the Authority, she lamented that they have impacted its efficiency and operational capacity.

 

Speaking on its strategic focus areas for 2025, apart from adopting innovative strategies to Increase revenue,  Kuku added that FAAN will also focus on Public Private Partnership to expand investment opportunities and develop underutilized assets.

 

To ensure compliance with global standards, Kuku disclosed that FAAN will invest in state-of-the-art security systems, including biometric screening and advanced surveillance technologies.

 

“Staff training on aviation security and safety procedures will be intensified to address emerging challenges and risks in the industry, FAAN will upgrade and maintain e-procurement systems to reduce technical downtimes, we plan to align FAAN’s goals with National Aviation policies and international standards.

 

“FAAN will integrate environmentally sustainable practices into its operations, focusing on energy efficiency, waste management, and carbon emission reductions. The Authority will collaborate with industry stakeholders to adopt green airport initiatives and promote environmental stewardship. FAAN will prioritise increasing its workforce strength to support growing operations and ensure employee welfare through improved working conditions, comprehensive training, and enhanced benefits,” she added.


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

‘Importers Save N100m In 4 Months With AEO’

Next Post

NiMet Holds e-Flight Folder Training For Airlines

Yusuf Babalola

Yusuf Babalola

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

Bureaucratic Bottlenecks Delay Billionaire Dantata’s Burial In Saudi Arabia

Aikoriogie Hails Wike Over Reconciliation With Fubara, FCT Transformation

Kwara United Win 2025 President Federation Cup

PICTORIAL: 300 Journalists Benefit From Abuja NUJ, Nizamiye Hospital Medical Outreach

Nollywood Filmmaker, Kayode Peters, Dies In Canada

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

© 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.