The federal government has instructed the Federal Airports Authority of Nigeria to make all its airports generate revenues in order to meet financial targets and also sustain their operations. Reports say starting from this year, the federal government will no longer fund projects in the agency and at the end of each year, the airport authority is expected to contribute 25 per cent of its earnings to the coffers of the federal government.
With this development, the agency is now under obligation to find ways to make the docile airports generate revenue and in response to the directive, the agency says it has set up a committee to visit those airports to look at the possibility of developing non-aeronautical revenue sources to attract people to them reports say out of 22 airports under the management of the FAAN only five are viable; They include the four international airports in Lagos, Abuja, Port Harcourt and Kano and then Enugu, which was also designated as an international airport two years ago. sources say asides, these five airports only Owerri currently records increase in revenue for the agency.
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