Nigerian Government Approves N1.92 Trillion for Extensive Airport Upgrades
Key Points
- 1Nigeria's Federal Executive Council approved N1.92 trillion for airport upgrades.
- 2Investment targets new equipment, enhanced safety systems, and infrastructure repairs.
- 3Approvals have been made since President Bola Tinubu's council meeting on August 28, 2023.
The Nigerian Federal Executive Council has sanctioned a substantial investment of at least N1.92 trillion (approximately $2.5 billion USD) for comprehensive airport upgrades across the nation. This significant allocation covers the procurement of essential airport equipment, the implementation of advanced safety systems, and critical infrastructure repairs and development.
These vital aviation sector enhancements have been approved since President Bola Tinubu convened the council's inaugural meeting on August 28, 2023. This financial commitment underscores the Nigerian government's focus on modernizing its aviation infrastructure to improve operational efficiency and passenger safety.
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