Aviation
$1.8 trn Needed For Airport Infrastructure Investment -ICAO
The International Civil Aviation Organisation (ICAO) has said that the sum of 1.8 trillion dollars would be needed for global investment for airports infrastructure in the next 15 years.
The ICAO Council President, Dr. Olumuyiwa Aliu, who disclosed this in a statement through the Public Affairs Unit of the Federal Airports Authority of Nigeria (FAAN), and made available to aviation correspondents recently, acknowledged the fact that air transport development projects are barely five percent of official development assistance , globally, and that this greatly underestimates their potential socio-economic returns.
Aliu in the statement, stressed that massive investments would be needed to address airport and air navigation infrastructure requirements globally in the near-terms and that ICAO’s global plan should be used to guard and align all state modernisation and expansion projects.
“It is estimated that the global investment needed for airport infrastructure will be 1.8 trillion dollars over the next 15 years, but we must also acknowledge that air transport development projects today is barely five per cent of official development assistance globally,” he said.
Aliu stressed the importance of states establishing transparent, stable and predictable investment climate to attract global investment and the need to accompany airport and air navigation system modernisation with new training capacities to ensure that today’s improvement will be effectively and sustainably managed over the long-term.
“The positive impacts of air transport today on nations, societies and business are numerous, as they are substantial, and in light of the forecast growth of flight traffic worldwide, aviations economic benefits and opportunities are also expected to double in magnitude in the coming decades,” he said.
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Aviation Professionals Want Agencies Boards’ Inauguration
As a measure to curb corruption and restore accountability, the Association of Nigeria Aviation Professionals (ANAP), has called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to push for the urgent formation and inauguration of governing boards for all other aviation agencies.
ANAP’s Secretary General, AbdulRasaq Saidu, made this call at the weekend when interacting with aviation correspondents, in reaction to recent inauguration of Board of the Federal Airports Authority of Nigeria (FAAN).
Keyamo had recently inaugurated the FAAN board, more than six months after its members were appointed by President Bola Tinubu, where Dr. Umar Ganduje was named Board Chairman, with FAAN’s Managing Director, Olubunmi Kuku, as the Vice Chairman.
Other board members include representatives from the Ministries of Justice, Defence, Tourism, and Aviation, as well as professionals from the Nigerian College of Aviation Technology, and FAAN’s legal department.
The ANAP scribe there urged the aviation Minister not to stop at FAAN but to ensure that all aviation parastatals are given functional boards to restore order and credibility to the sector.
He, however, commended Keyamo for recently inaugurating the board of the Federal Airports Authority of Nigeria but stressed that more needed to be done.
Saidu also warned that the continued delay in constituting boards for other aviation agencies creates room for unchecked abuses, including illegal contracts, fraudulent employment practices, and mismanagement.
“The absence of governing boards violates the enabling Acts that established these agencies. Only properly constituted boards can enforce discipline, ensure due process in decision-making, and provide oversight to prevent corruption”, Saidu said.
He emphasised that the aviation unions, including ANAP, have consistently raised concerns about poor governance and lack of transparency within the aviation system.
He called on President Bola Tinubu to act swiftly by appointing board members for all relevant agencies, in the interest of fairness and aviation safety.
Saidu also tackled the former Minister of Aviation, Senator Hadi Sirika, for failing to inaugurate any boards during his eight-year tenure, despite appointments being made by former President Muhammadu Buhari.
“ANAP raised the alarm several times under Sirika’s leadership, but nothing changed. That lapse has continued under the current administration, and it must be addressed now”, Saidu stated.
By: Corlins Walter
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