Business
Buhari Moves To Redress Debt Profile Of Aviation Sector
President Muhammadu
Buhari has expressed concern over the enormous debt profile of Nigeria’s aviation sector, saying his administration would act quickly to redress the situation.
The President was speaking after receiving briefing from officials of Ministry of Aviation, led by the ministry’s Permanent Secretary, Mrs Binta Bello at the Presidential Villa, Abuja, on Wednesday.
He said “I am concerned about the enormous debt profile in the aviation sector. The Federal Government has to do something quickly because safety, security and international respectability are involved here.
“Our airports are the windows through which people see our country. Anybody coming into the country will likely come through the airports.
“If we cannot secure and maintain our infrastructure, it will reflect very badly on us.”
The President then directed the ministry to speed up all processes and projects relating to the safety and security of Nigeria’s air transport system.
He further directed that counterpart funding for the upgrading of the international airports in Lagos, Abuja, Kano, Port Harcourt and Enugu, should be captured in the 2016 budget.
The Permanent Secretary had informed the President that the five new International Airport Terminal Buildings were designed to meet the best international standards.
According to her, the terminals can cater for 62 million passengers annually when completed in the first quarter of 2016.
She said that the Lagos terminal, when completed, would be moving from seven million passenger capacity to 25 million, while
the Abuja terminal would increase from five million to 16 million.
She added that the Kano, Port Harcourt and Enugu terminals, when completed, would have the capacity for seven million passengers each.
Business
NIMASA Marks 2025 Customer Week, Pledges Service Excellence

Business
SEME Customs Foils Smuggling Attempt Of Expired Flour, Seizes N2bn Contraband

Business
LASG UNVEILS GROUNDBREAKING OMI-EKO PROJECT AT FIVE COWRIES TERMINAL

-
Nation4 days ago
Rivers Chief Judge Pardon 14 Inmates From Prison To End 2024/2025 Legal Year
-
Nation4 days ago
Cancer Care: Expert Seeks Hospice In UPTH
-
News4 days ago
Use Service Year To Build Capacity, Fubara Urges Corp Members
-
Featured4 days ago
Workers’ Audits Not Meant For Downsizing – Walson Jack
-
Nation4 days ago
Union Petitions EFCC, ICPC Over Tax Fraud Allegations Against Daewoo, Saipem
-
Politics4 days ago
Senate Confirms Amupitan As INEC Chairman
-
Nation4 days ago
HYPREP Remains Steadfast In Adhering To International Standards—Zabbey …As Regulators, Asset Owners Hail Project
-
News4 days ago
NERC Approves N28bn For Procurement Of Meters For Band A Customers