MMA2 Concession Resolution To Boost Aviation Investment, Says FAAN
The Federal Airports Authority of Nigeria (FAAN) has said the resolution of the long-standing concession dispute involving the Murtala Muhammed Airport Terminal Two (MMA2) will improve investor confidence and attract more private sector participation in Nigeria’s aviation industry.
FAAN Managing Director and Chief Executive Officer, Olubunmi Kuku, stated this during the African Air Transport Convention and Expo 2026 held in Lomé, Togo, where she spoke on aviation financing and infrastructure development.
Kuku, who participated as a panellist at the event, said successful Public-Private Partnership (PPP) projects depended not only on access to funding but also on strong institutions, regulatory certainty and proper project management.
She noted that several PPP initiatives in Nigeria had encountered challenges due to policy inconsistencies, market uncertainties and concerns over project sustainability.
According to her, the MMA2 concession, managed by Bi-Courtney Aviation Services Limited (BASL), remained one of the most prominent concession arrangements in the country’s aviation sector, although it had been surrounded by years of disagreements.
She explained that resolving the contractual issues would send a positive message to local and international investors seeking opportunities in Nigeria’s infrastructure sector through PPP models.
“The resolution of the MMA2 concession dispute will strengthen confidence in Nigeria’s investment environment and encourage more private sector involvement in aviation infrastructure development,” Kuku said.
Meanwhile, Chairman of United Nigeria Airlines, Prof. Obiora Okonkwo, has called for a review of the aviation industry’s revenue remittance structure, arguing that excessive deductions from sector-generated income are limiting growth.
Okonkwo made the call in Lagos during the unveiling of the airline’s newly acquired Boeing 737-800NG aircraft.
He urged the Federal Government to allow aviation agencies, including the Nigerian Civil Aviation Authority (NCAA) and FAAN, to retain a larger share of the revenues they generate to improve operational efficiency and infrastructure development.
According to him, greater financial autonomy would enable aviation institutions to maintain safety standards, upgrade facilities and respond effectively to increasing demands within the industry.
He added that predictable funding would strengthen regulatory oversight and support the expansion of Nigeria’s aviation sector.
