✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

$464m trapped airlines’ funds: We are working on it, says FG

The Federal Government is working hard to clear the $464m blocked funds belonging to foreign airlines, the Minister of Information and Culture, Alhaji Lai Mohammed,…

The Federal Government is working hard to clear the $464m blocked funds belonging to foreign airlines, the Minister of Information and Culture, Alhaji Lai Mohammed, has disclosed.

He also said the newly commissioned terminal two of the Murtala Muhammed International Airport (MMIA), Lagos, has created over 10,000 direct and indirect jobs.

FG orders network providers, fintechs to stop services to loan sharks

ASUU strike: CSOs back FG on no-work-no-pay policy

The Minister stated this during a tour of the new terminal which he said would complement the one built 40 years ago.

He was accompanied on the tour by the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu, the Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu and other officials of the Ministry.

The terminal which was commissioned on March 2022 by President Muhammadu Buhari is one one of the four terminals built with a concessionary loan from the China Exim Bank. While the new terminal in Port Harcourt and Abuja have been commissioned, only that of Kano is awaiting commissioning.

The terminal, he stated, has state-of-the art facilities and fittings with the capacity to process 14 million passengers per annum, adding, “It has 60 check-in counters, five Baggage Claim Belts, 16 departure desks and 28 arrival desks.”

According to him, there are eight Security Screening Points at the International Terminal 2 and 7 Passenger Boarding Bridges.

Visiting at a time the industry was facing challenges with foreign airlines unable to repatriate their funds and they are threatening suspension of flights to Nigeria, the Minister assured that relevant authorities are working hard to clear the funds.

“On the trapped funds, I can tell you that the relevant authorities are working hard on that issue,” he said.

The Minister assured that gradually the new terminal would be busy as the old one as the authorities continue to test-run all the facilities.

He said, “I was here 40 years ago when the first terminal was commissioned. There is a time between the commissioning of an airport and when the airport becomes operational. You know aviation is unforgiving of any mistake.

“So we need to test-run and be extremely certain that every piece of equipment is working optimally. The beauty of it is that this airport has become operational.

“You can come in here and continue to various parts of the world. When the old airport was commissioned, it took quite a while for it to become operational.

“The new international terminal is not to replace the old one but to complement it. It is gradually, and very soon this airport will be very busy. You can see that terminals are not used only by airlines. We have restaurant operators, banks, foreign exchange operators etc and you have to screen people over and over again before it becomes operational.”

‘5 airlines to relocate to new terminal’

FAAN Managing Director, in his remarks, said five airlines would relocate to the new terminal by September 1, adding that gradually other airlines would move.

He stated that a lot of system integration is ongoing to make the relocation of more airlines seamless and hassle-free.

Yadudu further disclosed that the plan to expand the ramp of the terminal to accommodate more aircraft is ongoing.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.