Capt Rabiu Yadudu, Managing Director of Federal Airport Authority (FAAN), hinted that the New Terminal of the Murtala Muhammed Airport is set to be commissioned February 2021.
The FAAN MD also revealed how the organization in its bid to optimise its revenue generation, collection, reduce cost and promote efficiency, adding that the Federal Airports Authority of Nigeria (FAAN) had promoted cashless policy and plugged some loopholes in the system.
“In keeping with our vision and mission, we have strategically positioned ourselves to ensure that we have modern and up-to-date high-tech equipment and facilities that will aid better security, safety and comfort of all stakeholders.
“I will like to say that aviation business is a global, technical and highly regulated with huge infrastructure requirements; furthermore, it is necessary to reiterate that aviation business is driven by volumes and turnaround with an operating profit margin of between 2.5 per cent to 5 per cent. Without the required volumes and traffic, it will be difficult to breakeven.
“The aviation agencies will urgently need intervention fund from the Federal Government to address infrastructural gaps and position the industry for better service delivery and contribution to the national economy.”