{"id":361825,"date":"2025-08-04T13:41:13","date_gmt":"2025-08-04T12:41:13","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=361825"},"modified":"2025-08-04T13:41:13","modified_gmt":"2025-08-04T12:41:13","slug":"fg-using-subsidy-funds-for-elitist-project-says-lp-faction-on-lagos-airport-revamp","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2025\/08\/04\/fg-using-subsidy-funds-for-elitist-project-says-lp-faction-on-lagos-airport-revamp\/","title":{"rendered":"FG using subsidy funds for elitist project, says LP faction on Lagos airport revamp"},"content":{"rendered":"<ul>\n<li><strong>Usman described using subsidy savings for the airport as unacceptable, insisting it was the only tangible benefit Nigerians previously enjoyed.<\/strong><\/li>\n<li><b>She argued that a PPP arrangement was more suitable since terminals are commercially viable and attract self\u2011sustaining private capital globally.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p>A faction of the Labour Party has criticised the federal government over its plan to spend \u20a6712 billion on rehabilitating the Murtala Muhammed International Airport in Lagos.<\/p>\n<p>The aviation minister, Festus Keyamo, had announced that the renovation, which will affect the old terminal, would cost \u20a6712.25 billion.<\/p>\n<p>Keyamo explained that this will be the first comprehensive work on the terminal since it was originally constructed decades ago.<\/p>\n<p>In a statement on Monday, Ken Asogwa, spokesperson for Nenadi Usman, interim chair of the LP faction, described the project as both \u201coutrageous\u201d and \u201cinsensitive.\u201d<\/p>\n<p>Usman argued that committing $475 million to the project was disturbing at a time when 63 per cent of Nigerians are multidimensionally poor, according to the National Bureau of Statistics.<\/p>\n<p>\u201cThis is not just wicked; it is satanic and speaks to a gross disregard for the plight of the masses,\u201d the statement read.<\/p>\n<p>She said it was unacceptable that the initiative would be funded from subsidy savings, which she described as the only tangible benefit Nigerians previously enjoyed from the nation\u2019s oil wealth.<\/p>\n<p>\u201cTo withdraw this lifeline from the poor only to channel the proceeds into a luxury terminal accessible exclusively to the rich is a new low in governmental wickedness,\u201d she added.<\/p>\n<p>The LP faction maintained that a public\u2011private partnership would have been more appropriate since terminal projects worldwide are regarded as viable commercial ventures.<\/p>\n<p>\u201cAround the world, terminal buildings are revenue\u2011generating investments. Why not invite private capital instead of squandering subsidy savings on an elitist project?\u201d Usman asked.<\/p>\n<p>She said the airport project, alongside the Lagos\u2011Calabar coastal highway estimated at \u20a615 trillion, reflects a pattern of misplaced priorities by the federal government.<\/p>\n<p>According to her, airports across Africa, Asia and Europe have been built for less than the $475 million assigned to a single renovation in Lagos.<\/p>\n<p>\u201cHow then does this government justify blowing such a colossal amount of public funds on a mere renovation?\u201d she queried.<\/p>\n<p>At the weekend, the aviation minister said the rehabilitation would not be financed by loans but through the Renewed Hope Infrastructure Development Fund, which he described as one of the gains of subsidy removal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Usman described using subsidy savings for the airport as unacceptable, insisting it was the only tangible benefit Nigerians previously enjoyed. She argued that a PPP arrangement was more suitable since terminals are commercially viable and attract self\u2011sustaining private capital globally. A faction of the Labour Party has criticised the federal government over its plan to [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":360414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[4],"tags":[12086,25968,2133,79231,34661,3988,23156],"class_list":["post-361825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-aviation-minister","tag-economic-hardship","tag-federal-government","tag-infrastructure-projects","tag-labour-party","tag-lagos-airport","tag-subsidy-removal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FG using subsidy funds for elitist project, says LP faction on Lagos airport revamp<\/title>\n<meta name=\"description\" content=\"A faction of the Labour Party has criticised the federal government over its plan to spend \u20a6712 billion on rehabilitating the Murtala Muhammed International Airport in Lagos.\" \/>\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\/news\/2025\/08\/04\/fg-using-subsidy-funds-for-elitist-project-says-lp-faction-on-lagos-airport-revamp\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG using subsidy funds for elitist project, says LP faction on Lagos airport revamp\" \/>\n<meta property=\"og:description\" content=\"Usman described using subsidy savings for the airport as unacceptable, insisting it was the only tangible benefit Nigerians previously enjoyed. 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