Vice President, Yemi Osinbajo, on Monday announced that the federal executive council has agreed to concession the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja.
The vice president made the disclosure while speaking at the fifth edition of the presidential quarterly business forum which held at the State House, Abuja.
“I am pleased to say that the federal executive council (FEC) has approved the concessioning of the Lagos and Abuja airports,” Osinbajo said.
Once the contract is signed, private companies and investors will handle daily running of the airport.
In 2016, the federal government revealed the concessioning plan.
“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner,” he said.
“We will ensure that Nigerians are given priority in getting jobs in the aviation sector.
“We will give adequate time for the airlines to prepare themselves but for sure, we will ensure that it happens soonest.”
In 2007, President Olusegun Obasanjo, concessioned terminal two of the Murtala Muhammed Airport to Bi-Courtney Aviation Services Limited (BASL).