FAAN Increases Revenue Through Non-aeronautical Services

The Federal Airport Authority of Nigeria (FAAN) has said it will boost its revenue generation through non- aeronautical bases when the remodelling works across the airports are completed.?

This is coming as the airport authority disclosed that it has made over N100 million from the newly remodelled domestic airport terminal in Lagos, which was commissioned on October 22 last year.

Managing Director of FAAN, Mr. George Uriesi disclosed this yesterday in Lagos when he received members of the House of Representatives Committee on Aviation who were on an oversight visit to the Aviation agencies in Lagos.

Uriesi who said there was a shortfall in the authority’s revenue projection also said FAAN hopes to operate independent of the federal government budgetary allocations? by 2015 as it will generate enough revenue to? drive its operations.

He, however, said the anticipated revenue for the year is still on course especially as the remodelled facilities across the country are beginning to attract revenue from non-aeronautical sources.

He also said FAAN is handling 73 projects nationwide simultaneously which when completed will boost its revenue base. ?

Uriesi lamented the nonpayment of revenue by major airlines for services rendered by the authority which he said impacts on the authority’s revenue base.

“We have sent professional debt collectors on those who owe us. They are approaching us for talks now and l can see us recouping our expected revenue from them”, he added.

Chairman, House Committee on Aviation, Nkeiruka Onyejeocha on behalf of? her colleagues commended the FAAN for the remodelled works? across airports in Nigeria.

She? said the remodelled airport terminals are in line with global standards.??