The Federal Airports Authority of Nigeria has announced plans to increase tariffs for all service providers operating at its airports as part of efforts to improve revenue generation.
Additionally, the authority will phase out all cash transactions at payment points, moving toward a fully automated and contactless payment system.
FAAN disclosed that 92 per cent of its current revenue comes from aeronautical sources, while only eight per cent is derived from non-aeronautical activities—a stark contrast to global standards where non-aeronautical revenue accounts for over 40 per cent in many developed countries.
This shift, the agency said, marks a critical step in modernising its operations and rebalancing its revenue structure.
Speaking during the Directorate of Commercial and Development Stakeholders Engagement Forum on Monday in Lagos, the Director, Commercial and Business Development, FAAN, Adebola Agunbiade, said, “We have to find the means to review our tariff in such a way that it’s not too much on you but it’s also helping us to pay our bills.”
She assured all that FAAN would notify service providers early enough before implementing the tariff increase.
