The House of Representatives Committee on Aviation has urged the Federal Airports Authority of Nigeria (FAAN) to focus 70% of its investment on provision of critical aeronautical infrastructure for the aviation industry in order to improve security and safety of the airports.
The lawmakers also asked the agency to begin preparation for the future by saving for the rainy days so as to avoid a situation like that of the Covid-19 pandemic whereby the agency had challenges with funding and meeting other necessary needs.
Chairman, House Committee on Aviation, Nnolim Nnaji while speaking during a tour of the Lagos airport on Tuesday promised that the national assembly will protect the interest of industry in the parliament.
Meanwhile, the Federal Airports Authority of Nigeria (FAAN) on Tuesday disclosed it revenue and expenses for the year 2020 and revealed that it remmited N2 billion into the Consolidated Revenue Fund (CRF) account between January and September, 2020.
The managing director of FAAN, Captain Rabiu Yadudu told the visiting members of the House of Representatives Committee on Aviation that the agency currently does not have any operating surplus.
Nnolim said that the provisions of the new aviation industry bill before the house will when passed be friendly to both staff of the agency, the industry and the airline operators affirming that without the airlines, there will be no FAAN and verse versa.
