FAAN to Revamp Airports with N580 Billion

The Federal Airports Authority of Nigeria (FAAN) has revealed that it requires over N580 billion to rehabilitate the runways of 21 airports under its management. The announcement was made on Wednesday by FAAN’s Managing Director, Mrs. Olubunmi Kuku, during a tour of Lagos airport facilities by Dr. Kana Ibrahim, the newly appointed Permanent Secretary of the Ministry of Aviation.

Kuku explained that many airports, built in the late 1970s, are facing significant challenges due to outdated infrastructure.

“The runways, built in 1978, have outlived their 20 to 25-year lifespan and require total rehabilitation,” Kuku said, adding that terminals and equipment are also aging, leading to operational inefficiencies.

Kuku stated that FAAN’s facilities, including runways, terminals, and equipment, need significant repairs. She noted that increasing air travel and security risks have added to the challenges.

Another pressing issue is the widespread encroachment on FAAN’s land due to inadequate perimeter fencing at several airports.

Kuku outlined FAAN’s plans for infrastructure modernization, including terminal renovations, runway expansions, and the upgrading of navigational aids to improve safety and efficiency. She also disclosed plans to build a new, modern headquarters for FAAN in 2025.

“We must be deliberate about addressing these issues. Many airport projects have been abandoned or poorly executed, and the runways need urgent rehabilitation,” Kuku stated.

FAAN also plans to increase its non-aeronautical revenue streams by expanding commercial concessions, advertising, real estate development, and cargo operations. In 2024, FAAN remitted N128.7 billion into the Federation Account, attributed to reduced revenue leakages, which led to a 93% increase in net inflows compared to 2023.

Kuku added that Public-Private Partnerships (PPP) would be central to expanding investment opportunities and developing underutilized assets in 2025.

As part of its strategy, FAAN will invest in advanced security systems, including biometric screening and surveillance technologies, while also prioritizing environmentally sustainable practices such as energy efficiency and waste management.

Kuku also stressed the importance of staff training to meet emerging challenges in aviation security and safety.