Deals

Nigeria moves towards airport PPPs(2)

A steering committee has been established to investigate the use of PPPs to develop the country’s airports. Airports in the cities of Abuja, Kano, Lagos and Port Harcourt have been targeted as those especially in need of investment.

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Nigeria’s Federal Airports Authority has started investigating the possibility of involving private investment in the nation’s airports.

Lagos Airport

The authority has established a steering committee to look at opportunities for concession agreements in Nigeria’s airports in order to address a chronic lack of investment in the airport infrastructure.

Of particular focus are the airports in Abuja, Kano, Lagos and Port Harcourt.

The committee is to look at plans to use Nigeria’s existing PPP programme more actively in the airports sector, with a view to challenging competition from other airports in neighbouring countries.

Nigeria, the most populous African nation with almost 150 million inhabitants and the second highest GDP behind South Africa, has already embraced private sector investment in developing its infrastructure. A series of federal road concessions are in the deal pipeline, with Nigeria’s Federal Housing Authority also actively exploring PPPs to handle its chronic shortage of affordable housing.