Speaking during a presentation at the Nigeria Travels Mart Colloquium, 2019, with the theme: Airport Concessions and Options for Airports Development in Nigeria, Nnolim said Airports, all over the world, were viable sources for non-aeronautical revenue generation and many countries have adopted formidable and effective managerial models to tap huge revenue from their airports.
“In Nigeria, we have not exploited even up to 10 per cent of the possible non-aeronautical revenues because our airports are not yet developed to the level of harnessing the revenue potentials available on the land side,” said Nnolim. He said many have been calling for the privatization of the airports but noted that it would require empirical data and careful calculation to ascertain the right model to adopt. He recalled that the first experiment on privatization of the second terminal of the Murtala Muhammed Airport, Lagos, has been “riddled with controversies leading to many court cases.”
In line with the unbundling proposition, Nnolim suggested three models of management be constituted: “The first one is the Nigeria Airport Development Agency which will have the capacity to process, supervise, monitor and forecast the development of airports in the country vis-à-vis the developmental needs enshrined in the Civil Aviation Regulations and road map”.
He said this might be a bit challenging, owing to different opinions and mindsets of stakeholders but it is important to have functional airport services that will allow for the development of infrastructure and ensure effective management.
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