Abuja - Aviation Minister, Stella Oduah, projected that the Nigeria Aerotropolis project would create at least 10 million jobs for locals, especially the youth, in the first two years of its take-off.
“The development of airport cities (aerotropolis) is a 21st century phenomenon that is gaining ground all over the world. It is no longer fashionable to have an International Airport without the support facilities and amenities such as shopping arcades, hotels, packaging industries, Residential Estates, modern airline offices and recreational facilities. The proposed aerotropolis will definitely boost the Nigerian economy and generate the much-needed employment for our teeming youth” she said during a public hearing."
The Minister said the projects, to be sited in Abuja and other major international airports across the country, had a value chain with the potential to transform the Nigerian economy and the living standards of the rural farmers through Perishable Cargo exports.
Oduah said an estimated N100 billion will be generated annually from the initiative.
Explaining that the initiative is private-sector driven with 20 percent equity holding by government through the Federal Airports Authority of Nigeria (FAAN), the Minister added that value chains would span the agricultural, health, manufacturing, culture and tourism sectors of the economy.
She said investors from Nigeria, the United States, China, Turkey and other European countries have embraced the initiative, just as she disclosed that the Federal Capital Development Authority (FCDA) has endorsed the Abuja Aerotropolis for which documentation is being finalised for the land acquisition. The Minister further disclosed that that the FCT had already incorporated the Aerotropolis project into its development Master Plan.
– CAJ News