Its Managing Director, Rabiu Yadudu, said this at a Press conference in Abuja while responding to a question on why FAAN decided to effect a 100 per cent increase in Passenger Service Charge at this time.
He said the current N1,000 charge was no longer realistic and that it did not correlate with realities of cost-related inflation rate which the Central Bank of Nigeria put at 12.82 per cent. He said with such deduction, FAAN will have a shortfall of over N16bn on overhead cost, hence, the authority decided to engage the government in order to be exempted from the deduction.
“We therefore implore stakeholders, airport users and the general public to bear with us as FAAN is laden with so much overhead cost of operation.”
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