Thursday , July 19 2018
Breaking News

Construction of Abuja Airport’s second runway to gulp N67bn – Minister

The Minister of State, Aviation, Sen. Hadi Sirika, says the construction of the second runway for the Nnamdi Azikiwe International Airport, Abuja will gulp N67 billion.

Sirika made the disclosure at the ministry’s 2018 budget defence before the Joint House of Representatives Committees on Land Transport, Maritime Safety and Administration, Ports Harbour and Water-Ways and Aviation on Thursday in Abuja.

He said although N67 billion had been estimated to complete the project, only N10 billion was approved for the project in 2017, while N8.3 billion was earmarked for the project in 2018 budget.

The minister further said the budget provisions for the project in 2017 and 2018 budget would cause delay in the completion of the project even as the design of the runway had been done and assessment of the site carried out.

“The estimated amount for the Abuja second runway is N67 billion but it may be lesser or higher in the end but only N10 billion was approved in 2017 budget.

“In the 2018 budget, only N8.3 billion is being proposed for the runway project; by this budget provision, the project will take many years to complete.
“Now that it is the collective resolve of this parliament and Nigerians as well as aviators, I think there is need to look at it,” he said.
Sirika commended the House for their support for the nation’s aviation sector and pledged to continue to work with the relevant committees to move the sector forward.

Responding, Mr Mohammed Bago, Chairman, Committee on Maritime Safety and Administration, advised the minister to use his experience as a former lawmaker to get better allocation for the project.

(NAN)

 

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.