FG seeks public-private partnerships to develop airports, says Keyamo
The Federal Government of Nigeria can no longer shoulder the financial burden of developing and expanding airports alone, according to Barr. Festus Keyamo, the Minister of Aviation and Aerospace Development.
Speaking at the 2024 Airport Business Summit and Expo (ABSE) on Friday, Keyamo highlighted the critical need for public-private partnerships (PPPs) to effectively fund infrastructure projects in the aviation sector.
In his keynote address, delivered by Dr. Emmanuel Meribole, the Permanent Secretary of the Ministry of Aviation, Keyamo emphasized the importance of airports beyond their primary role in aviation. He described them as vital drivers of national and regional economic development, noting that they generate jobs, attract foreign investment, and contribute significantly to tourism, trade, and business activities.
“Public-private partnerships offer a viable solution to financing infrastructure projects and modernizing airport facilities,” Keyamo stated. “Successful PPPs ensure that private investment is harnessed to improve services while allowing governments to focus on regulation and oversight.”
The minister pointed out that the viability of an airport is closely tied to its ability to meet the evolving needs of passengers. He stressed that airports offering a seamless and enjoyable passenger experience, from efficient security checks to high-quality amenities, will attract more traffic and build stronger brand loyalty.
Currently, only Lagos Airport is considered viable among the 22 federal-owned airports in Nigeria, Keyamo revealed. He stressed that achieving viability requires addressing several critical factors, including sustainable financial models, operational efficiency, infrastructure development, environmental sustainability, and passenger experience.
Keyamo emphasized the role of airports in economic growth, stating, “Airports are key assets that must be nurtured and developed for countries and regions looking to accelerate their economic growth.” He explained that by focusing on airport viability, Nigeria could unlock broader economic benefits, enhance international competitiveness, and improve connectivity beyond the aviation industry.
He also highlighted the five focus areas of the Ministry of Aviation and Aerospace Development under the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration. These areas aim to make airports viable through sustainable financial models, embracing public-private partnerships, infrastructural development, aviation human capital development, eco-friendly practices, reducing carbon footprint, and integrating renewable energy sources.
Keyamo concluded by warning that without strong, efficient, and sustainable airports, Nigeria’s aviation industry would struggle to reach its full potential. However, with strategic investments, innovative approaches, and collaborative efforts, the country could ensure that airports continue to be dynamic engines of growth and opportunity within the aviation ecosystem.
