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‘Private investment in Nigeria’s airport to hit 48%’

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A private sector infrastructure investment in Nigeria’s aviation sector is envisaged to rise to 48 per cent next year from the current 46 per cent, a former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Richard Aisuebeogun, has said to New Telegraph.

Nigeria, he said, requires huge financial resources to be at par with other emerging economies in airports infrastructure development.

Aisuebegun noted that besides a total of $4.4 billion accrued to Nigeria in air transport sector in 2016 from Foreign Direct Investment (FDI); 7.49 per cent of $59.4 billion came to Africa.

New Telegraph, November 17, 2017

 

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