The Federal Airports Authority of Nigeria (FAAN) has announced the formation of a dedicated Public-Private Partnership (PPP) Committee, signaling a renewed drive to attract private sector investment into the nation’s airport infrastructure.
The announcement was made by the Managing Director of FAAN, Mrs Olubunmi Kuku at the Airport Business Summit & Expo, ABSE, 2025, held recently at the NiGAV Expo Centre in Lagos.
She said, the newly constituted committee is tasked with developing actionable and realistic incentives to make airport system investments more attractive and feasible for private players.
Speaking on the theme: “Airport Public-Private Partnerships: Potential and Opportunities,” the FAAN MD emphasized that airports are crucial enablers of economic growth, particularly in emerging economies like Nigeria.
This move, she added, reflects FAAN’s commitment to creating a well-structured and transparent framework that ensures mutual benefit for both public and private stakeholders.
Mrs Kuku represented by the Director, Special Duties, Mr. Henry Agbebire, stressed the necessity for Nigeria’s aviation sector, experiencing rapid passenger growth and significant infrastructural needs, to strategically collaborate with the private sector.
This, she noted, is vital for ensuring modernization, operational efficiency, and long-term sustainability.
“The aviation industry in Nigeria is at a turning point”.
“Our airports must evolve into 21st-century facilities that meet global standards, and PPPs offer us the most viable pathway.”
The FAAN boss highlighted the vast opportunities within Nigeria’s aviation sector, including terminal expansion, cargo logistics, renewable energy projects, and advanced passenger-processing technologies.
She specifically identified cities such as Lagos, Abuja, Port Harcourt, and Kano as prime for further investment and development due to their growth potential and strategic importance.
Reiterating that FAAN has already initiated engagement with interested investors and is committed to a transparent process that safeguards national interests while delivering value to partners.
“We believe in a PPP model that balances oversight with innovation. The committee we’ve formed is central to building trust and ensuring that both sides benefit meaningfully”.
Calling for robust collaboration, Mrs Kuku expressed FAAN’s readiness to support forward-thinking partnerships aimed at transforming Nigeria’s airports into hubs of excellence, connectivity, and economic development.
“Innovation, sustainability, and inclusivity must define the future of our airport system. Through carefully structured PPPs, we can position Nigeria as a key aviation hub on the continent,” he concluded.
The 2025 Airport Business Summit brought together industry leaders, policymakers, and investors, marking a significant step in Nigeria’s evolving aviation landscape.
