FAAN profits the sum of N38bn from Passenger Service Charges In 2017
Published On 13 Mar, 2018



On Monday, the Managing Director, Federal Airports Authority of Nigeria (FAAN), Mr Saleh Dunoma, announced the hosting of the 59th Airport Council International (ACI) Regional Conference by FAAN. This would be themed “Business Transformation for Sustainable Development of African Airports.”

“A greater focus on customer service guarantees improved profitability, optimal use of infrastructure and sustainability of the business. Among other things, the conference will push for a change in the perception of business in African airports. A change in how the business of African airports is viewed is necessary to realise the vaunted benefits of SAATM. Alongside the meetings and conference, airports, service providers and aviation companies will exhibit their products and services at a large-scale exhibition,” Dunoma said.

He also mentioned that the authority generated N38 billion from Passenger Service Charges (PSC) in 2017. Dunoma, who also doubles as the President of ACI-Africa, noted that African airports must be ready for increment in passenger volume, especially when it comes to tourists and business travelers. According to him Africa saw an increase of nine per cent in tourism, last year, which is the highest increase in any region.

“FAAN generated ₦38 billion from Passenger Service Charges in 2017, although passenger traffic dropped. The automated car park at the General Aviation Terminal of the Murtala Muhammed International Airport, Lagos has increased FAAN revenue by 68 per cent.”

Dunoma further noted that with over 50 members handling 250 airports in 47 countries throughout Africa, ACI represents the voice of African airports – serving, representing and leading the African airport community.

He said the conference, that would be coming up later this year from April 14 to April 20 in Lagos, would be after 23 African countries signed the Single African Air Travel Market (SAATM) in Addis Ababa, Ethiopia.

According to him SAATM had the prospective to transform the aviation sector in Africa.

“According to the International Air Transport Association (IATA), an open skies agreement among Africa’s 12 biggest economies could see passenger traffic soar by 81 per cent to about 11 million. It could generate 155,000 new jobs, adding $1.3 billion to Gross Domestic Product (GDP). It is estimated that SAATM could provide 17,400 jobs in Nigeria and contribute $128m to our GDP. SAATM is an indication that change is in the air. Less than 20 per cent of revenues African airports generate is commercial. African airports must transform to embrace this change.” He said.


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