By: Chioma Madonna Ndukwu
The Federal Airports Authority of Nigeria (FAAN) recently reported an impressive N218.3 billion in Internally Generated Revenue (IGR) and N352.3 million in stamp duties remitted to the Federation’s Consolidated Revenue Fund (CRF) between 2020 and 2024. FAAN’s Managing Director, Mrs.
Olubunmi Kuku, presented these figures to the Senate Committee on Finance, showcasing the authority’s commitment to Nigeria’s economic progress despite facing challenges like the COVID-19 pandemic. FAAN’s role is crucial in managing commercial airports and supporting air transport growth within the country.
However, while these contributions to national revenue are notable, a key question remains: How is this wealth being directed toward alleviating the hardships faced by Nigeria’s poor masses? Mrs. Kuku emphasized the need for additional funding to modernize Nigeria’s airports and position the country as a regional aviation hub. Yet, as FAAN records this substantial revenue growth, one cannot help but wonder if the poor, struggling with economic pressures, are benefiting from such financial milestones.
FAAN’s budget, aimed at operational overheads and personnel costs, could be seen as critical for improving aviation infrastructure. But in a nation plagued by socio-economic difficulties, could some of this revenue be better utilized to directly aid the country’s underprivileged populations? While the development of world-class aviation infrastructure is undeniably important, the need for financial interventions targeting the poor should also be a priority.
As Nigeria continues to face intense hardship, the question lingers: Is the government allocating these funds wisely to ensure that both the nation’s infrastructure and its citizens in need benefit equally? The poor masses continue to await relief amid these financial advances.
