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Concession of the main transport infrastructures: the works would bring about 800 million USD to the State of Nigeria

25/05/2023
Source : ORISHAS FINANCE
Categories: General Information

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Last week, the Nigerian federal government informed that Nnamdi Azikiwe International Airports (NAIA) Abuja and Mallam Aminu Concession of Kano would bring about 800 million USD to the State. For this reason, the Nigerian executive has preferred to give concessions to the main transport infrastructures to accelerate their development and earn income while maintaining their ownership rights

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Aviation Minister Hadi Sirika estimates that detailed revenues, including initial fees, fixed and variable concession fees, and supervision fees from the Infrastructure Concessions Regulatory Commission (ICRC), will be around around 700 million USD for the Abuja platform and 97.4 million USD for the Kano platform. The executive opted to extend the national infrastructure concession program to the country's main airports, in order to attract private investment to develop their facilities while maintaining exclusive ownership rights

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