The Federal Airports Authority of Nigeria has said six new cargo terminals currently undergoing construction across the country will be completed in 16 months.
The Managing Director, FAAN, Mr. Saleh Dunoma, said the project was a major focus of the agency aimed at making Nigeria to benefit from the £2bn perishable cargo market in Africa.
A statement by FAAN on Tuesday quoted Saleh as saying this while delivering a paper at the 4th Annual Emerging Airports Conference and Exhibition held in Abu Dhabi.
He used the opportunity to invite more foreign investors to take advantage of the country’s fertile investment climate and invest in the Nigerian aviation sector.
He said, “The fact remains that opportunities abound in the aerotropolis project where investors are guaranteed return on their investments.
“Also, the massive remodelling projects across our 22 airport network across Nigeria present a veritable foundation for investments in the sector.
“We, therefore, urge investors to be part of the aerotropolis and fresh produce market, especially bearing in mind the fact that the country has been rated the 26th best economy in the world, which is a clear indication that Nigeria is taking its pride of place.”
Nigeria has invested about $870m in airport infrastructure upgrade as part of its efforts to improve services in the airports.
The country is also one of the six nations in Africa currently infusing funds into infrastructure development and improving the state of airports to make them at par with their counterparts worldwide.
The former FAAN boss, Mr. George Uriesi, had said that many countries had been investing in their infrastructure, adding that apart from Egypt and South Africa that had over 30 million passengers annually, only eight African countries had a total passenger figure of above seven million.
He said of 43 African countries, only five had above 10 million passengers; three had seven million, while eight of those countries had between one and two million passengers.
This, he noted, might have led other countries such as Tunisia, Mozambique, Togo, Tanzania and Senegal to invest heavily to ensure rapid development in their airports.
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