FG hands over Enugu airport to Aero Alliance in 20-year PPP deal

By —

The federal government has formally handed over Akanu Ibiam International Airport in Enugu to Aero Alliance Limited under a Public-Private Partnership arrangement.

Aviation Minister Festus Keyamo said the concession marks a major shift in investor confidence. He noted that Enugu is now becoming a key aviation and investment hub in the South-East.

Under the 20-year deal, Aero Alliance will finance, rehabilitate, expand and operate the airport to international standards. The company has pledged to transform it into a leading regional aviation and logistics centre.

Keyamo said previous administrations tried to concession the country's airports but could not get interested investors for Enugu and Port Harcourt. Most investors only wanted Lagos, Abuja and Kano.

He said the administration of President Bola Tinubu had turned things around. Now investors are clamouring to come to the South-East region.

He added that there are currently no bidders for Lagos, Abuja and Kano airports. But Enugu and Port Harcourt are now attracting strong interest.

Forex News

NNPC petrol price drops to N1,205 in Lagos, undercuts other filling stations
ABOKI FOREX
N1.6bn federal hostel at UNILAG charges students up to N950,000 per session
ABOKI FOREX
US terminates TPS for Somalia, South Sudan, Cameroon, Ethiopia: full list of affected African countries
ABOKI FOREX
DStv Stream hit by outages as Premium subscribers lose seven channels
ABOKI FOREX
FG reopens free CAC registration for 250,000 small businesses, how to apply
ABOKI FOREX
FCMB raises FastCash instant loan limit to ₦500,000
ABOKI FOREX
180,000 tonnes of petrol land in Lagos, Warri as depot prices drop
ABOKI FOREX
Imported petrol now lands N2 above Dangote Refinery price as competition tightens
ABOKI FOREX
MTN returns to streaming with One TV, targets Netflix with flexible payments
ABOKI FOREX
Naira gains N8.08 as CBN releases latest FX rates, external reserves hit $52.25bn
ABOKI FOREX