{"id":30216,"date":"2022-06-17T04:43:48","date_gmt":"2022-06-17T04:43:48","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=30216"},"modified":"2022-06-17T04:43:48","modified_gmt":"2022-06-17T04:43:48","slug":"faan-embarks-on-ppp-to-reduce-government-financial-burden-sirika","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/17\/faan-embarks-on-ppp-to-reduce-government-financial-burden-sirika\/","title":{"rendered":"FAAN embarks on PPP to reduce government financial burden \u2013 Sirika"},"content":{"rendered":"

The Federal Airport Authority of Nigeria (FAAN) has embarked on Public Private Partnership (PPP) to reduce financial burden on the Federal Government.<\/p>\n

The Minister of Aviation, Sen. Hadi Sirika,<\/a> on Thursday in Abuja made this known at the Investment Forum of the maiden edition of FAAN National Aviation Conference (FNAC).<\/p>\n

The theme of the event is \u201cAdvancing the Frontiers of Possibilities for Safe, Secure and Profitable Air Transport\u201d.<\/p>\n

Sirika, who was represented by Capt. Musa Nuhu, the Director-General, Nigerian Civil Aviation Authority<\/a> (NCAA), said the move was to fast-tract advancement in the sector.<\/p>\n

According to him, FAAN`s key initiative of partnership will focus on safety and security, infrastructural development, growing domestic airlines through new route development and designation of airports for improved performance and revenue creation.<\/p>\n

\u201cRecently, the Federal Capital Territory offered 12,000 hectares of land for aviation development for Abuja airport. This will give good opportunity for investment. There are opportunities in other airports like the Lagos airport.<\/p>\n

\u201cThe aviation roadmap of the Federal Government<\/a> being implemented under the leadership of Minister of Aviation, Sen. Hadi Sirika, who is unavoidable absent today, gives opportunity for investment into aviation industry.<\/p>\n

\u201cApart from FAAN, other agencies, NCAT, NIMET, AIB NCAA under the ministry also provide excellent opportunity for the investment in the airports.<\/p>\n

\u201cThe aviation sector summons opportunity for investment, \u201c he said.<\/p>\n

Sirika said that the plan of government to make regulation easier to invest in all areas of the roadmap was to encourage the investors.<\/p>\n

He said efforts of the Federal Government to find solution to the challenges of COVID-19 pandemic had created fantastic opportunities in the entire aviation eco-system.<\/p>\n

Mr Sadiku Rafindadi, FAAN Director, Commercial and Business Development, said all the public, government functionaries and aviation stakeholders present were essential to the success of the forum.<\/p>\n

Rafindadi said Nigerian aviation sector was strategically positioned to take advantage of the expected growth in the Africa market due to its proximity to Europe, Middle East and the rest of Africa.<\/p>\n

The director said that most of West and Central Africa were within a four-hour flying time from Nigeria with no clear dominating airline present.<\/p>\n

\u201cNigerian aviation market is huge, yet untapped, we plan to fully tap Nigeria\u2019s potential and fully harness the available opportunities within the 21 airports managed by FAAN.<\/p>\n

\u201cIn 2020, the domestic and international passenger traffic stood at 9, 358, 186 and increased to 15, 885, 955 in 2021 representing, a growth of 14 per cent.<\/p>\n

\u201cAnalysts have forecast that Nigeria`s passenger traffic will exceed that of the Global Aviation Sector as such aviation remains pivotal to the socio-economic growth of Nigeria.<\/p>\n

\u201cNigeria`s passenger traffic is expected to grow at 7 per cent over the next 10 years, while the global industry remains at 5.3 per cent, \u201c he said.<\/p>\n

He saud that recent aviator study for Nigeria by International Air Transportation Association (IATA) in June 2020 showcased significant contribution of aviation to the national economy by providing 241,000 jobs.<\/p>\n

Rafindadi said that FAAN had realised that in an agrarian economy, cargo transportation was extremely critical for import-export revenues\u00a0 both locally and internationally in Nigeria.<\/p>\n

\u201c We are therefore working on a long-term cargo development strategy to match the growing needs of investors and e-commerce traffic through development of 13 designated Cargo Airports in Nigeria for wet and dry cargo and Agro-Allied Terminals.<\/p>\n

\u201cAn airport city model adopted by the government created opportunity for investors to define their place within the airport environment.<\/p>\n

\u201cWe have unique offerings for investors in agro business, specialised warehouses, leisure and tourism venues, research and education services, Maintenance, Repair and Overhaul Leasing company as well as health and wellness centres, \u201c he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Airport Authority of Nigeria (FAAN) has embarked on Public Private Partnership (PPP) to reduce financial burden on the Federal Government. The Minister of Aviation, Sen. Hadi Sirika, on Thursday in Abuja made this known at the Investment Forum of the maiden edition of FAAN National Aviation Conference (FNAC). The theme of the event […]<\/p>\n","protected":false},"author":4,"featured_media":30254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[5866,4026,104,3911],"class_list":["post-30216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-authority","tag-aviation","tag-leadership","tag-maintenance"],"yoast_head":"\nFAAN embarks on PPP to reduce government financial burden \u2013 Sirika » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/17\/faan-embarks-on-ppp-to-reduce-government-financial-burden-sirika\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAAN embarks on PPP to reduce government financial burden \u2013 Sirika\" \/>\n<meta property=\"og:description\" content=\"The Federal Airport Authority of Nigeria (FAAN) has embarked on Public Private Partnership (PPP) to reduce financial burden on the Federal Government. 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