Nigeria: ₦712bn Lagos Airport Renovation to Be Funded Without Loans, Says Keyamo

Nigeria: ₦712bn Lagos Airport Renovation to Be Funded Without Loans, Says Keyamo

Following widespread criticism over the proposed N712 billion renovation of the Murtala Muhammed International Airport (MMIA), Lagos, the Minister for Aviation and Aerospace Development, Festus Keyamo, has defended the project, noting that it is necessary to modernise the country's busiest airport, accommodate surging passenger traffic, and meet international standards.

Rumpus over N712bn Lagos airport renovation contract

The recent approval of N712 billion for the rehabilitation, upgrade and modernisation of the old terminal of the Murtala Muhammed International Airport (MMIA), Lagos, is generating a rumpus, with aviation analysts and experts raising questioning it, Daily Trust can report. Stakeholders, including the opposition, are querying the timing of the project, the cost and the source of funding with some describing it as a “wasteful venture.” The project…

Keyamo Defends N712bn Lagos Airport Terminal Overhaul, Cites Urgent Need For Modernisation

August 04, (THEWILL) — Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has defended the Federal Government’s decision to commit N712 billion to the complete rehabilitation and upgrade of Terminal One of the Murtala Muhammed International Airport (MMIA), Lagos, describing it as a long-overdue intervention to modernise Nigeria’s busiest airport. In a statement issued […] The post Keyamo Defends N712bn Lagos Airport Terminal Ove…

N712billion To Rebuild Lagos Airport Is From Tinubu's Fuel Subsidy Savings, Floating Of Naira – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has defended the plan to spend N712billion to revamp the Terminal One of the Murtala Muhammed International Airport in Lagos State, saying it is funded through savings from President Bola Tinubu's removal of fuel subsidies and floating of naira. Keyamo disclosed the development while speaking on Channels TV programme, stating that the funds would be drawn from savings made follow…

Amid Criticism, Keyamo Justifies ₦712 Billion Airport Overhaul

Amid mounting public scrutiny, Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has firmly defended the federal government’s decision to allocate a staggering ₦712 billion for the redevelopment of Terminal 1 of the Murtala Muhammed International Airport (MMIA), Lagos. The project, which received Federal Executive Council (FEC) approval, has sparked intense debate across political, [...] Source from InfoStride News

N712bn Lagos Airport Renovation: Labour Party Accuses APC Of Misplaced Priorities, Calls Project "Wicked, Elitist" - Swift Reporters

The Labour Party has condemned the Federal Government’s decision to commit ₦712 billion ($475 million) to the renovation of the Murtala Muhammed International Airport in Lagos, describing the move as “outrageous, elitist, and morally bankrupt.” In a statement issued on Monday by Ken Eluma Asogwa, Senior Special Adviser on Media to the Interim National Chairman of the Labour Party, Senator Nenadi Usman, the party accused the APC-led government of…