LAGOS — The Federal Airports Authority of Nigeria (FAAN) has announced plans to increase tariffs for service providers operating at FAAN-managed airports across the country. This move, according to the authority, is part of ongoing efforts to improve financial sustainability and upgrade service infrastructure.
The disclosure was made on Monday during a Stakeholders Engagement Forum organised by FAAN’s Directorate of Commercial Business Development (DCBD) in Lagos.
Director of Commercial and Business Development, Adebola Agunbiade, explained that the tariff review is essential, as 92% of FAAN’s revenue comes from aeronautical sources, with only 8% derived from non-aeronautical income.
“We have to find the means to review our tariff in such a way that it is not too much on service providers but helps us pay our bills. We will notify you early enough so you can plan accordingly,” Agunbiade said.
She also announced that FAAN is transitioning to a fully automated, contactless payment system. “All payments will soon be made online using our airport cards. You tap and go — a very seamless and straightforward process,” she added.
Highlighting opportunities for investment, Agunbiade noted that FAAN generated N2 billion last year from “below-the-line” platforms and urged stakeholders to explore non-aeronautical revenue streams.
On lease agreement restructuring, she said terms have been updated to be more practical and business-friendly, addressing past misunderstandings between FAAN and its partners.
In her remarks, FAAN Managing Director, Olubunmi Kuku, warned against illegal activities by individuals posing as car hire operators and Bureau de Change agents. She said licenses of such persons would be revoked immediately.
Kuku also vowed to tackle the congestion at Lagos airport roads, particularly caused by parked tankers. “We have orders to remove those tankers. They are a security risk and present a poor image for an international airport,” she said.
She stressed the importance of automation for transparency and accountability, adding that parking facilities and tollgates will also be upgraded to support cashless transactions.
FAAN’s new policies mark a major shift toward modernising airport operations and improving service delivery while shoring up its revenue base.
