• June 24, 2021

FG Plans To Designate All Airports Free Trade Zones


=== (AGENDAWATCHDOG) === The federal government has announced its plan to designate all airports in the country as free trade and economic processing zones, alongside the next step for the concession of the country’s four major international airports.

This was made known by the Ministry of Aviation in Abujua, via a document released to the press on the status of the road map/public private partnership projects concession of airports.

“All airports are to be designated as Free Trade/Economic Processing Zones in order to encourage businesses/investments. Process already ongoing for the four major international airports,” the FMA stated.

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It added, “Investors in aviation (are) to have pioneer industry status so as to have tax breaks.”

The FMA’s document further disclosed that the private investor would be required to upgrade, manage and operate the airport terminals over the concession period, naming the airports up for concession as the Murtala Muhammed International Airport, Lagos: international and cargo terminals and Nnamdi Azikiwe International Airport, Abuja: international, domestic and cargo terminals, Port Harcourt International Airport, Port Harcourt: international, domestic and cargo terminals; and Mallam Aminu Kano International Airport, Kano: international, domestic and cargo terminals.


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