Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


FG to buy 30 aircraft to assist local operators

03 January 2013, 10:03

Benin - The Federal Airports Authority of Nigeria (FAAN) has announced government’s plan to buy 30 aircraft as part of its plans to boost the operations of the aviation industry.

The Corporate communications General Manager of FAAN, Mr Yakubu Dati, said during an inspection of the renovated Benin Airport on Wednesday, that the fund would be sourced from part of the aviation intervention fund of the Federal Government.

Dati, said that the new development entailed buying and distributing aircraft to domestic airline operators unlike the old practice of giving out aviation intervention funds to them which they allegedly misused. He said the procurement of the aircraft would be funded by the Central Bank of Nigeria (CBN) in conjunction with Bank of Industry (BOI).

He added that the initiative would help in reducing the cost of travelling by air in the country. `` I also want to say at this point that the issue of assisting domestic carriers has been uppermost on the mind of the Minister of Aviation, Stella Oduah. ``And that is why the issue of the removal of tariffs and taxes on aviation spare-parts was done by Mr. President.

``This is to help the airlines operate profitably and also make it more attractive for investors because spare-parts are the major cost component on the aviation sector.

“The minister of aviation is also making plans to bring in about 30 aeroplanes to be able to assist local airlines. ``So with all these, we believe that eventually, we will now have cheaper tickets and by the time we have cheaper tickets, there will be higher traffic.

“Because if you cut the cost of doing business, then the person doing the business has no reason but to also cut the cost of running it because we believe that one hour flight in Nigeria shouldn’t cost more than N10, 000 or N15, 000. ``And the whole idea is to make the business cheaper and easier to operate so that Nigerians who are the ultimate beneficiaries should be the passengers and they should board with cheaper tickets,” he said.

He said that the Benin Airport was one of the 11 airports that were remodelled and reconstructed in the first phase of President Goodluck Jonathan administration’s transformation agenda.

He said that the reason for the transformation of the aviation industry was to ensure that the nation’s airports and terminals became the centres of commercial and economic activities. The manager said that the Benin airport underwent major renovation for the first time since it was opened in 1979.

He said that the reconstructed airport would be inaugurated soon as additional 22 airports had been earmarked for major reconstruction nationwide. He said the revolution in the sector was a deliberate plan as contained in the aviation master plan to restore Nigeria’s aviation industry to where it truly belonged as a hub in Africa aviation and to be able to contribute to the Gross Domestic Product (GDP).

Commenting on the issue of abandoned aircraft littering most of the airports, Dati said the owners had been directed to remove them as they constituted a menace and danger to the flying public. Dati, however, said that some of the owners were in court as the aircraft were subject of litigation.

He said that the matter was being handled by the legal department of FAAN, adding that as soon as the case was dispensed with, the aircraft would be removed. Earlier, the Benin Airport manager, Mr Ayodele Olusegun, who conducted the inspection team on the facility tour, said between 25,000 and 26,000 passengers travelled from the airport monthly. He said that the 200 seat capacity departure hall had been upgraded through the on-going renovation to 350 seats.


Tags faan

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...