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Rehabilitation of the Nigerian airport: the government expects 23.1 billion naira in 2024

26/12/2023
Source : ORISHAS FINANCE
Categories: Companies

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Nigerian President Bola Tinubu announced in the fiscal year 2024 budget presented to the National Assembly that the federal government has proposed to spend approximately 23.1 billion naira on the “rehabilitation and repair” of facilities a airports across the country in 2024

.

Next year, the budget proposal implies that around 36.5 percent of the 63.3 billion naira allocated to the Ministry of Aviation and Aerospace Development will be spent on the rehabilitation of the country's dilapidated airport facilities. A review of the budget document published on the website of the country's budget office indicated that of this amount, 21.0 billion naira was set aside for the rehabilitation and “repairs of airports and airfields

.”

According to the Head of State of Nigeria, the 2024 budget will address issues in the education sector such as establishing a sustainable model for financing higher education and the implementation of the student loan program, which should become operational by January 2024.

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