FG seeks foreign investors in aviation

FG seeks foreign investors in aviation

The Federal Government on Tuesday said it was ready to partner foreign private investors towards addressing the huge infrastructural deficit in the nation’s aviation sector.

This is contained in a statement signed by Mr Yakubu Dati, General Manager, Corporate Affairs, Federal Airports Authority of Nigeria (FAAN) in Lagos.

The statement said the Managing Director of FAAN, Mr Saleh Dunoma, made the disclosure at the annual conference and exhibition of Airport Council International (ACI) in Montreal, Canada.

It said Dunoma, who spoke on Public Private Partnership, hinged his presentation with a quotation from President Muhammadu Buhari thus:

“We also have a huge infrastructure deficit for which we require foreign capital and expertise to supplement whatever resources we can marshal at home.

“In essence, we seek Public Private Partnership in our quest for enhanced capital and expertise.”

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It said Dunoma further asserted that the appointment of Sen Hadi Sirika as the Minister of State for Aviation, had fast-tracked the provision of the legislative framework and corresponding incentives to attract foreign direct investment.

“The aviation sector is expected to injest about $5 billion out of the $3.10 trillion required by the National Integrated Infrastructure Master plan (NIMP) over a period of 30 years through PPP.

“We invite Investors to join the PPP process for airport management and take advantage of the great and vast opportunities……., he is quoted as saying.

According to the statement, the Director General of ACI World, Angela Gittens, said the body was working with members everyday to seek common sense approaches to turn short-term challenges into long-term opportunities.

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She is also quoted as saying that this year’s conference – the largest “for airports, by airports” gathering in the world – perfectly highlights ACI’s unique position as the voice of airports all around the world.

The statement says Mr James Cherry, President of Aeroports de Montreal, expressed delight in playing host to airport leaders across the globe. 

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