FAAN seeks suspension of 25% contributions to Federation Account | The Guardian Nigeria News - Nigeria and World News

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The Federal Airports Authority of Nigeria (FAAN) has called for the stoppage of its 25 per cent revenue contribution to the Federation Account to enable it address some infrastructure gaps.

Mr Rabiu Yadudu, General Manager, FAAN, made the appeal during an oversight visit of the Senate Committee on Aviation at the Lagos Airport on Sunday.

“The industry is still having infrastructure gap to stabilise, therefore government’s support in stabilising the industry is needed. Yadudu said revenue generation was low as only two airports – the Murtala Muhammed International Airport and the Nnamdi Azikiwe International Airport mainly sustained other airports expenditures.

The managing director, however, said the agency was tweaking its plans to make other airports that were not breaking even to perform.

 

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