The Director-General, Bureau of Public Enterprise, Mr Benjamin Dikki, today in Abuja said the privatization of federal airports in the country would commence soon.
He made this known in his presentation on "Reforms and Privatisation Opportunities in Nigeria" at the ongoing 9th Abuja International Trade Fair, stressing that although the Government had made substantial investment in the aviation sector, a lot still remained to be done, and this is one of the reasons the Government is considering privatization.
"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 privatising 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 said.
