FG outlines benefits of designating four major international Airports as special economic zones

The federal ministry of Aviation has outlined the benefits of designating four major international Airports as special economic zones In a statement signed by James Odaudu, director, Public Affairs, Ministry of Aviation, the minister of Aviation, Senator Hadi Sirika stated that designating four major international Airports as special economic zones is to address issues concerning taxation, custom duties and fiscal issues in the Nigerian Aviation industry. Sirika explained that the request to the Nigerian Export Processing Zone Authority, NEPZA for the designation under NEPZA Act require a holistic solution. It…

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FG envisages 20 – 30 years period for airport concession, outlines reasons for concession

The federal government has disclosed that the Ministry of Aviation is envisaging a minimum of twenty (20) to thirty (30) years period for the airport concession programme, which may be extended depending on performance and Nigeria’s best interests. The minister of Aviation, Senator Hadi Sirika who disclosed this in a statement signed by the director, Public Affairs, Ministry of Aviation, James Odaudu, titled Frequently Asked Questions (FAQs) About Airport Concession, pointed out that ​infrastructure concessions of this nature come with a significant financial obligation which any responsible concessionaire will no…

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