Business News of Friday, 26 June 2026

Source: www.dailytrust.com

FG completes handover of Enugu airport to concessionaires

The Federal Government has officially handed over the Akanu Ibiam International Airport (AIIA), Enugu, to the concessionaires, Aero Alliance Limited, under a public-private partnership (PPP) arrangement.

This followed the execution of the handover certificates, assets register, and other relevant documentation, Aero Alliance will now undertake the financing, rehabilitation, expansion, operation, and management of the airport, ensuring that it meets and sustains internationally recognised standards of safety, efficiency, and passenger experience.

Speaking during the handover ceremony at the international terminal of AIIA, Enugu, on Thursday, Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, extolled President Bola Tinubu’s and Mbah’s roles in the realisation of the long-stalled concession plan.

“For 20 years, various governments have tried to concession some of our airports because of the belief that the private sector would run them more professionally and in a more commercially driven way.

“During the time of the previous administration when almost all the airports were advertised for concession, all the bidders avoided Enugu and Port Harcourt airports. There was not one bidder for Enugu and Port Harcourt. Everybody was rushing Lagos, Kano, and Abuja because many people want food that is ready.

“However, under the able leadership of President Bola Ahmed Tinubu and under the visionary leadership of people like Dr. Peter Mbah, the reverse is the case. Dr. Mbah went straight to Mr. President a few weeks after his inauguration and said, ‘This is my plan for the airport and the President minuted and said that we should give him all the assistance he needs to turn Enugu into an aviation and investment hub.

“Mbah started with Enugu Air, and now he has brought in capital, brought in investors for the airport,” he said.

On what is expected of Aero Alliance, he said, “We expect Aero Alliance Limited to discharge its responsibilities with the highest standards of professionalism, transparency, operational excellence, and commitment to safety.”

In his remark, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefor, thanked President Tinubu for making the concession happen, describing it as historic and special for Nigeria.

“The Enugu Air and an agreement being signed from Guangzhou to Enugu are enough traffic to create viability,” Ewelefoh noted.

Meanwhile, Governor Mbah lauded the Tinubu Administration for the successful concession, saying that it marked the beginning of a new chapter in the journey to unlock the immense economic potential of the South East region.

“It opens a new chapter of economic possibilities because businesses across our region have for long grappled with logistics constraints that increased costs, lengthened delivery timelines, and limited competitiveness.

“We hope that future generations will look back to this day as the moment when Akanu Ibiam International Airport began its transformation into a truly world-class gateway serving the South East, connecting Nigeria to the world and opening new pathways to prosperity for millions of our people.

“So, today is a dream come true as we herald the promise of a South East that will be more connected, more competitive, more prosperous, and more visible on the global stage,” he emphasised.

The Managing Director of Aero Alliance, Saleem Hussain, assured that the consortium would put its over three decades’ experience in the aviation sector to work, focusing on connectivity, cargo and logistics, passenger experience, commercial development, and technology and operational excellence to transform AIIA into one of Africa’s leading aviation hubs.