Posted by Sade Williams
The management of the Federal Airports Authority Authority of Nigeria, (FAAN) has been advised to explore more of the revenue potentials within the non aeronautical sources to shore up its internally generated revenue, (IGR).
The chairman House of Representatives Committee on Aviation, Honourable Nnolim Nnaji gave the advice in Lagos on Tuesday during an oversight visit at the Lagos Airport.
Honourable Nnaji observed that the unprecedented impact of COVID-19 pandemic on aviation should be an eye opener to the authority, stressing that if there were adequate plans to harness the potentials available in the non aeronautical aspects, the challenges of meeting up with the demands of running the airports would have been minimal.
He pointed out the air transport has remained the fastest and safest means of transportation adding that the prevailing security challenges in Nigeria today has put more pressures on the sector which requires greater attention to the provision of adequate infrastructure and security.
The chairman further disclosed that his committee has continued to consistently demand that the 25 percent compulsory remittance by the Federal Airports Authority of Nigeria, (FAAN) and other agencies in the aviation sector should be retained within the sector for the next ten years to develop the infrastructures.
Honourable Nnaji who stated that he and his committee members were in Lagos to access what FAAN was able to do with the money appropriated to it in 2020 budget before appropriating for 2021 assured that the House Committee on Aviation will continue to work with the agencies and the Ministry of Aviation to reposition the industry for greater efficiency.
He also promised that the amendment Bill for the FAAN Act which is before the National Assembly when passed will ensure equity for both the authority and organizations doing businesses at the airports.
Earlier in his welcoming remarks, the Managing Director of FAAN, Captain Rabiu Yadudu had expressed his appreciation to the committee for its unprecedented supports to the authority in the last one year adding that such has helped FAAN in projecting its vision and mission and as well overcome the challenges of corona virus pandemic.
He appealed to the committee to help in the early passage of the amendment Bill for the FAAN Act which he said would help in better management of the authority.