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  • News - South West - Lagos
  • Updated: May 25, 2024

Nigeria has most expensive airports globally – NAHCO

Nigeria has most expensive airports globally – NAHCO

The Nigerian Aviation Handling Company Plc has set a N100 billion revenue target within the next five years.

The projection was made known by the Group chairman of the company, Dr Seinde Fadeni, at the sideline of its Annual General Meeting held in Lagos on Saturday.

In achieving this, the company noted that it had concluded plans to diversify its investment portfolio to create new jobs and contribute significantly to resolving the country’s foreign exchange crisis.

NAHCO which was established in 1979, provides aviation cargo, aircraft handling, passenger facilitation, crew transportation, refuelling and aviation training services from its base at Murtala Muhammed International Airport.

According to Fadeni, the company is convinced that the food export holds significant potential for foreign exchange earnings because of its impact on the livelihoods and prosperity of Nigerians.

He said though the company is navigating safely around the myriad of challenges confronting the air transport space, he urged the government to look at ways to improve airport infrastructure and reduce the financial burden for airlines and passengers to keep pace with the future growth plan.

"NAHCO believes that the government at the centre should work towards reducing the financial burden for airlines and passengers by reviewing applicable taxes. This way, more payees would be brought into the tax net. Not too long ago, the International Air Transport Association declared that Nigerian airports charge foreign airlines about 27 levies."

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