FAAN loses over N33.5bn in airport concessions

•Report says airport environment threatens safe operations The Federal Government is losing over N33.5 billion annually due to the shoddy agreements between the Federal Airports Authority of Nigeria (FAAN) and its concessionaires at both the local and international wings of the Murtala Muhammed Airport (MMA), Lagos. Some of the agreements with the concessionaires made up of traders, vendors and tenants at the airport have elapsed for more than five years without renewal. In effect, the concessionaires ...
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Added July 11, 2010
from Businessday Nigeria