FAAN MD Olubunmi Kuku Invites Investment in Aviation

Olubunmi Kuku, the Managing Director of the Federal Airports Authority of Nigeria (FAAN), called on investors, financiers, and lessors to engage with Nigeria's aviation sector during a virtual presentation at the Nigeria Aircraft Acquisition Investment Summit (NAAI) held at the end of the weekend in Lagos. Kuku emphasized that Nigeria's aviation market remains attractive, particularly due to its large youth population and strategic geographical location, which continue to drive strong demand for passenger and cargo air services.

Despite global disruptions from the pandemic and economic headwinds, Nigeria's aviation industry has shown resilience, with improvements in load factors and recovery of routes. Kuku reiterated the federal government's commitment to creating an enabling environment for aviation growth, modernizing infrastructure, and improving safety and security policies to attract private sector investment.

She identified opportunities across both aeronautical and non-aeronautical segments, including terminal upgrades, cargo logistics facilities, commercial real estate, maintenance, repair, overhaul (MRO) services, and training institutions.