The Director-General of the Bureau of Public Enterprise, BPE, Benjuamin Dikki, stated yesterday in Abuja that the privatization of the federal airports in the country would soon commence.
The BPE boss announced this in his presentation titled “Reforms and Privatization Opportunities in Nigeria” at the ongoing 9th Abuja International Trade Fair.
Dikki held that, although the Federal Government had made substantial investment in the Aviation sector, a lot still needs to be done, describing that it as the major reason the government was planning to privatize the airports.
His words, “We are planning to commence the privatisation of airports; the airports will be more efficient if the private sector is running them.
“Very soon, we will engage the Minister of Aviation and we will start a new process of privatizing or concession of airports just like we have done with the seaports.
“We are likely to grant concession of maybe 15 to 20 years, according to the business model agreed on, so that investors can make a reasonable return on the investment during the concession period,” he stated.
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