National Economy
Saturday, May 24, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Enugu Reps Back Concession Of Enugu Airport

by Nnamdi Mbawike
4 weeks ago
in Business, Aviation
Reading Time: 2 mins read
Airport,Enugu Reps Back Concession Of Enugu Airport,Enugu Airport
Share on FacebookShare on TwitterShare on Telegram

The Enugu State Caucus in the House of Representatives has thrown its weight behind the federal government’s plan to concession the Akanu Ibiam International Airport, Enugu.

The lawmakers described the plan as a potential catalyst for the South-East economy and commended the federal government for the initiative.

It however, urged the Federal Government to hasten the concession process to enable the people of the South-East region and the nation to benefit from the measure.

The reps equally called on the people of the region to support the initiative as the only way to guarantee sustainable investment towards full development of the airport into a truly international facility.

You May Like

NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

JUST-IN: Tinubu Inaugurates New NNPCL Board

A statement endorsing the initiative conveyed on Monday by the caucus leader, Hon. Nnolim Nnaji, as well as Hon. Martins Oke, Hon. Dennis Agbo, Hon. Anayo Onwuegbu, Hon. Chimaobi Atu, Hon. Sunday Umeha, Hon. Paul Nnamchi, and Hon. Mark Obetta.

“Due to poor capital investment, the Akanu Ibiam International Airport, AIIA, Enugu, remains partially completed and indeed an international airport only in name over two decades since it was designated as such by the federal government.

“Critical components such as cargo terminal, runway, international terminal, among others, are either non-existent or requiring completion or upgrade.

“Businesses and the people of the South-East especially have borne the brunt of these inadequacies, which manifest in the paucity of international flights and intermittent closure of the airport for repair of the runway, as recently witnessed.

“Therefore, we believe that the concessioning of the airport, as currently being processed by the federal government is the only realistic approach to attracting adequate resources to build the requisite infrastructure and expand existing ones to place AIIA in the league of other international airports around the world,” the caucus said.

The statement explained that the initiative was not the same thing as privatisation or sale of the airport as being peddled by some persons.

It explained that concessioning is a well-known and tenured to Public-Private Partnership (PPP) framework, which pulls private capital investment into public infrastructure while government retains ownership and regulatory or supervisory authority.

“We call on the federal government to hasten this process, for the people of the South-East region in particular and Nigeria in general to start benefiting from the huge possibilities and blessings it holds,” the statement added.

The Enugu federal lawmakers also expressed faith in federal government through the Federal Airport Authority of Nigeria and the Ministry of Aviation and Aerospace Development to entrust AIIA to a concessionaire with the financial and technical prowess.

They highlighted that such concessionaire will have strong international pedigree and reputation as well as antecedent of verifiable successes to actualise the target.

The statement added that nothing less of these can be acceptable and capable of catalysing the much-needed South-East regional economic prosperity and transformation.

Tags: EnuguEnugu Airport
ShareTweetShare
Previous Post

Oyo Gov’t Targets Local Fabric Industry To Boost Economy

Next Post

Women Protest Alleged Destruction Of Farmlands By Firm In Ekiti

ANOTHER GOOD READ

NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools
Business

NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

2 days ago
Business

JUST-IN: Tinubu Inaugurates New NNPCL Board

2 days ago
LG To Unveil Refrigerators With Advanced Cooling Technology 
Business

LG To Unveil Refrigerators With Advanced Cooling Technology 

2 days ago
Tsebo Announces New Identity, Pledges Renewed Commitment to Excellence
Business

Tsebo Announces New Identity, Pledges Renewed Commitment to Excellence

3 days ago
Banking On Women’s Health 2025: Experts Advocate Stronger Policies For Women’s Wellness
Business

Banking On Women’s Health 2025: Experts Advocate Stronger Policies For Women’s Wellness

1 week ago
2025 Summit: Stakeholders Set To Unlock Investment In Africa’s Media Industry
Business

2025 Summit: Stakeholders Set To Unlock Investment In Africa’s Media Industry

2 weeks ago
Next Post
Women Protest Alleged Destruction Of Farmlands By Firm In Ekiti

Women Protest Alleged Destruction Of Farmlands By Firm In Ekiti

Most Recent

Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

Obasanjo, Sanwo-Olu, Adesina, Others To Speak At AgriConnect Summit 2025

May 22, 2025
Airport,Enugu Reps Back Concession Of Enugu Airport,Enugu Airport

Access Bank, Deloitte Collaborate To Enhance Sustainable Growth For SMEs

May 22, 2025
NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

NNPC/FIRST E&P JV Equips 180 Schools With Digital Learning Tools

May 22, 2025
PalmPay To Empower 5,000 Women, Youths In Kano

PalmPay To Empower 5,000 Women, Youths In Kano

May 22, 2025
Aviation Ministry To Partner TV Station On Projects

Aviation Ministry To Partner TV Station On Projects

May 22, 2025
HDAN Proposes Conversion Of Seized Estate Into Affordable Homes

HDAN Proposes Conversion Of Seized Estate Into Affordable Homes

May 22, 2025
Nigeria Raises Concerns Over Trump’s Order On Taxes, Tariffs For Foreign Countries

Trump To Host Private Dinner For Top Crypto Investors

May 22, 2025

Dangote Refinery Announces New Reduction In Petrol Prices Across Nigeria

May 22, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy