Concession: N1bn loan spent to repair airports, says minister

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Minister of Aviation, Hadi Sirika, has said that N1bn was borrowed from the Chinese for the concession of the airports.

Speaking at a webinar organised by the Nigerian Economic Summit Group on Thursday, he said that the compliance certificate for the concession of the nation’s airports has been received.

Four of the nation’s International airports are up for concession. They are the airports in Lagos, Abuja, Port Harcourt and Kano. Sirika said, “Currently, we borrowed about N1bn from the Chinese to put into our four airports. If we were to have made the decision at the time, we would not have borrowed money to put into the airport. We would have ‘concessioned’ the airports and used other peoples’ money to achieve what we want and get a better deal in the end.

“The current government is social democratic in nature. We will not be selling public assets. They belong to the people. We will concession them and get them back at a later date and re-concession them and get them back. It makes more sense for us to get people whose business is to run the airports.”

The minister stressed that concession would not stop at the four airports singled out for the purpose. He said airport concession would be handled on a case by case basis.He said it may not be branded with the country’s name but it should be able to do something close to what Ethiopian Airlines is doing.All rights reserved.

 

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U a not selling but borrowing the Chinese? Its a shame on Nigeria, we can't manage airport?

D airport in ur house in Katsina abi

Which of the airports

Liar

Loan loan loan🤦🏻‍♂why Nigeria,is the new system for loot.

中国人一定会再次殖民我们。布哈里, 我们做了什么来保证

The jail when APC go enter themyour never build am ooooo

Fuck😒so sad they can’t even pay asuu but they can repair airport!!

This government will sell my country one day God pls save us from them

Criminals everywhere, thief's in charge of power. You guys think we are mugu .

National carrier wont be branded in Nigerian name.

Anytime I remember the Nigerian Airways and its fraudulent Logo and how much was spent for it,I remember this man and I weep for the innocent in Nigeria.

We saw the airport in Katsina in form of a mansion .

Lol

Is he not a mad man? Wetin do the air dem wan use 1bn repair?

Nawa o

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