News Brief: ₦712bn Lagos Terminal Rebuild Funded by Subsidy Savings – Keyamo.
The Nigerian Federal Government will spend ₦712 billion to completely rebuild Terminal One of the Murtala Muhammed International Airport in Lagos, Aviation and Aerospace Development Minister Festus Keyamo has confirmed. He defended the project amid public backlash, explaining it will be funded through savings from petrol subsidy removal and exchange rate reforms.
Speaking on Channels Television’s Sunday Politics, Keyamo described the terminal—originally built over 40 years ago—as “decrepit,” citing leaking roofs, broken carousels, and poor sanitation. He said the current state could push international airlines to abandon Nigerian routes due to safety and insurance concerns.
“This is not a budgetary expenditure,” Keyamo said. “It’s part of the Renewed Hope Infrastructural Funding.”
The 22-month project will fully demolish and redesign the terminal, aiming to turn Lagos into a continental aviation hub on par with Ethiopia and South Africa. Keyamo also noted that the outdated airport layout has hindered local-to-international flight connections for decades.
Critics argue the ₦712bn plan is ill-timed given soaring inflation and widespread hardship caused by recent economic reforms.
#LagosAirport #AviationUpgrade #FestusKeyamo #NigeriaInfrastructure #TerminalRebuild
The Nigerian Federal Government will spend ₦712 billion to completely rebuild Terminal One of the Murtala Muhammed International Airport in Lagos, Aviation and Aerospace Development Minister Festus Keyamo has confirmed. He defended the project amid public backlash, explaining it will be funded through savings from petrol subsidy removal and exchange rate reforms.
Speaking on Channels Television’s Sunday Politics, Keyamo described the terminal—originally built over 40 years ago—as “decrepit,” citing leaking roofs, broken carousels, and poor sanitation. He said the current state could push international airlines to abandon Nigerian routes due to safety and insurance concerns.
“This is not a budgetary expenditure,” Keyamo said. “It’s part of the Renewed Hope Infrastructural Funding.”
The 22-month project will fully demolish and redesign the terminal, aiming to turn Lagos into a continental aviation hub on par with Ethiopia and South Africa. Keyamo also noted that the outdated airport layout has hindered local-to-international flight connections for decades.
Critics argue the ₦712bn plan is ill-timed given soaring inflation and widespread hardship caused by recent economic reforms.
#LagosAirport #AviationUpgrade #FestusKeyamo #NigeriaInfrastructure #TerminalRebuild
News Brief: ₦712bn Lagos Terminal Rebuild Funded by Subsidy Savings – Keyamo.
The Nigerian Federal Government will spend ₦712 billion to completely rebuild Terminal One of the Murtala Muhammed International Airport in Lagos, Aviation and Aerospace Development Minister Festus Keyamo has confirmed. He defended the project amid public backlash, explaining it will be funded through savings from petrol subsidy removal and exchange rate reforms.
Speaking on Channels Television’s Sunday Politics, Keyamo described the terminal—originally built over 40 years ago—as “decrepit,” citing leaking roofs, broken carousels, and poor sanitation. He said the current state could push international airlines to abandon Nigerian routes due to safety and insurance concerns.
“This is not a budgetary expenditure,” Keyamo said. “It’s part of the Renewed Hope Infrastructural Funding.”
The 22-month project will fully demolish and redesign the terminal, aiming to turn Lagos into a continental aviation hub on par with Ethiopia and South Africa. Keyamo also noted that the outdated airport layout has hindered local-to-international flight connections for decades.
Critics argue the ₦712bn plan is ill-timed given soaring inflation and widespread hardship caused by recent economic reforms.
#LagosAirport #AviationUpgrade #FestusKeyamo #NigeriaInfrastructure #TerminalRebuild
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