Please Wait....
Close

    FAAN Constitutes Committee To Boost Revenue Generation



    To boost its revenue generation drive for the agency especially the non-aeronautical sources, the Federal Airports Authority of Nigeria (FAAN) has set up a committee to map out plans in that regard.

    This is as the agency said that it is going through some processes that would eventually lead to the approval of its Aviation Security (AVSEC) to bear arms in 2019.

    While disclosing these plans yesterday to aviation journalists at the agency’s headquarters at the Murtala Muhammed Airport (MMA), Lagos, managing director of FAAN, Engr. Saleh Dunoma said that it was high time airport authorities on the continent diversified their revenue generations away from aeronautic to non-aeronautic, stressing that other airport managers across the world had already keyed into this.

    Dunoma pointed out that the committee, which he chaired, consisted of relevant directorates and departments responsible for revenue generation for FAAN and would come out with a roadmap to enhance revenues for the agency.

    He declared that FAAN as an agency could not be left behind in development of its airport infrastructure, stressing that the only way to achieve this was for it to diversify its revenue generation and tap into the myriad of opportunities in the system.

    The FAAN boss explained further that apart from Nigeria, other airport authorities across the continent were also deliberating on how to increase their non-aeronautical revenue services, which he said formed the theme of this year’s Airports Council International (ACI) held in Egypt.

    He said “What we intend to do is to diversify our revenue sources. In Africa, we have not tapped into non-aeronautical sources and we are encouraging African airports to look at non-aeronautical revenue sources of revenue because aeronautical sources of revenues have limitations; they are highly dependent on flight operations.

    “The non-aeronautical revenues are being developed so much that they can be in pari-passu with the aeronautical sources of revenues. This is what we want African airports to develop. Some papers were presented to guide African airports to develop that area.

    “As a matter of fact, I just finished a meeting with my team. I set up a team on revenue generation and this team is chaired by me. It is very sensitive to the survival of African airports especially FAAN.

    We started the meeting today (yesterday) and we will continue to meet every week until we get to where we want to be.

    On continuation of certifications of international airports by the Nigerian Civil Aviation Authority (NCAA), Dunoma assured that other airports would be certified very soon by the regulatory agency, emphasising that the exercise was at different stages of completion.





    Story Page