{"id":88281,"date":"2023-05-18T17:14:37","date_gmt":"2023-05-18T16:14:37","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports"},"modified":"2023-05-18T19:07:47","modified_gmt":"2023-05-18T18:07:47","slug":"nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports","title":{"rendered":"Nigeria to earn over $4bn revenue as FEC okays concession of Abuja, Kano airports"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company.<\/p>\n

James Odaudu, the Special Assistant on Public Affairs to the Minister of Aviation, disclosed this in a statement on Thursday.<\/p>\n

According to him, the Council also approved that the Federal Ministry of Aviation would be renamed the Ministry of Aviation and Aerospace.<\/p>\n

The statement noted that the company would make combined upfront payments of $8.5 million for the concession of NAIA and MAKIA.<\/p>\n

He added that the development would spur evidential growth within the Nigerian aviation industry.<\/p>\n

\u201cIn alignment with the Aviation Roadmap, approved by Mr President on 18th October 2016, the Ministry of Aviation and Aerospace is delighted to inform all stakeholders, both local and international, and the media, that the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano has been approved by the Federal Executive Council,\u201d the statement said.<\/p>\n

In December 2022 and January 2023, Corporacion American Airport Consortium was announced as the preferred bidder for the airport\u2019s concession after scaling through a series of evaluations of technical and financial bids.<\/p>\n

Nominal revenues mean income not adjusted for inflation and decreasing purchasing power.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company. James Odaudu, the Special Assistant on Public […]<\/p>\n","protected":false},"author":84,"featured_media":88280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[347,1570,2140,372,254],"class_list":["post-88281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abuja","tag-africa-press","tag-africa-press-nigeria-2","tag-kano","tag-nigeria"],"yoast_head":"\nNigeria to earn over $4bn revenue as FEC okays concession of Abuja, Kano airports - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the conc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria to earn over $4bn revenue as FEC okays concession of Abuja, Kano airports\" \/>\n<meta property=\"og:description\" content=\"Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the conc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T16:14:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-18T18:07:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1684417486.09.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria to earn over $4bn revenue as FEC okays concession of Abuja, Kano airports\",\"datePublished\":\"2023-05-18T16:14:37+00:00\",\"dateModified\":\"2023-05-18T18:07:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1684417486.09.jpg\",\"keywords\":[\"Abuja\",\"Africa Press\",\"Africa Press-Nigeria\",\"Kano\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-to-earn-over-4bn-revenue-as-fec-okays-concession-of-abuja-kano-airports\",\"name\":\"Nigeria to earn over $4bn revenue as FEC okays concession of Abuja, Kano airports - 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