The six governors in the southwest of Nigeria, including the present and past, have reportedly voted over N266 billion for airport construction in their states. They are doing these despite the non-viability of the existing ones. According to The Punch, industry experts have expressed concerns that some of the projects might not succeed or be profitable, but the governors have continued to pursue them. All the southwest governors have uncompleted or abandoned airport projects in their states worth N266 billion. ..Read Full Article
How six Southwest governors spend N266 billion on abandoned airport projects Photo Credit: @AAdeleke_01
Source: Twitter
An investigation has revealed that billions of naira have been spent on abandoned airport projects in the six southwest states of Nigeria, including Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti. This revelation is coming amid economic hardship and a call for hunger protests in the country.
Despite having either a completed airport or a project site, these states have a total of eight airport sites, with the Federal Government responsible for two and the state governments responsible for the remaining five uncompleted airports.
What is the most viable airport in Nigeria?
The Murtala Muhammed Airport in Lagos, owned and operated by the Federal Government, is the most viable airport in the country. According to findings, over N266 billion of taxpayers’ money has been spent or earmarked for five of the eight airports.
However, industry experts have criticized governors for pursuing airport projects despite professional advice, citing political gains and embezzlement of public funds as motivations.
Furthermore, only three of Nigeria’s 22 airports are considered viable, contributing to the aviation sector’s growth, while just four airports out of over 30 have been found to be economically viable, generating N5.57 trillion in foreign trade over 51 months.
Governors with uncompleted or abandoned airports
Legit earlier reported that many governors in Nigeria have spent billions of naira on creating airports in their states. However, most of these airports have not been attracting a considerable number of aircraft for charter or commercial purposes.
A recent survey by The Punch showed that about ten states in Nigeria have airports that were never completed for decades or abandoned by succeeding governments in the affected states…..Read Full Article
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