Connect with us

Business

Airlines Oppose Abuja Airport Closure

Published

on

muritala-muhammed-airport
  • Airlines Oppose Abuja Airport Closure

The Federal Government on Thursday explained to aviation stakeholders why the Nnamdi Azikiwe International Airport, Abuja must be shut for six weeks beginning from March 8 in order to carry out repairs on its runway and taxi ways.

But despite the explanation made by the Minister of State for Aviation, Senator Hadi Sirika, at a stakeholders’ meeting, the Airline Operators of Nigeria, an umbrella body for carriers in the country, opposed the move by the government to shut the NAIA.

The Federal Government had earlier stated that during the closure of the Abuja airport, passenger traffic and flight activities would be diverted to the Kaduna International Airport for the six-week period, a development that would lead to the screening of air travellers twice, in Abuja and Kaduna.

In a bid to get the inputs of stakeholders, the Federal Government convened an industry-wide meeting on Thursday, which had in attendance different security agencies’ officials, representatives of foreign embassies in Nigeria, international airline operators and their domestic counterparts, legislators, the governments of Kaduna, Kwara and Niger states, as well as other participants.

However, in its submission after an elaborate presentation by the minister, the AON declared that it was in support of the rehabilitation of the NAIA runway, but stressed that the facility should be repaired at night without necessarily shutting down the airport completely for six weeks.

Speaking on behalf of the airline operators, the Chairman, AON, Capt. Nogie Meggison, argued that the Kaduna airport might not be ready to carry the volume of traffic that hits Abuja on a daily basis, among other issues.

He said, “We are in total support of the rehabilitation of the Abuja runway, which is long overdue and is becoming a safety issue that needs to be addressed as soon as possible. But the AON, on the other side, is of the view that shutting the runway is not the best for now.

“We believe that the runway can be repaired at night, like what is done in other countries. A case study is the Gatwick Airport, which handles 400,000 passengers annually, far higher than what Abuja handles. Or alternatively, the runway in Abuja is 3,900 metres and if you split it into two, you will get roughly 2,000 metres.”

Meggison added, “With 2,000 metres of runway, they can fix one side for three or four weeks and come back to the other side. With 2,000 metres of runway, a 737 aircraft can comfortably get into it for a one-hour flight; and a DRJ, Dash-8 and domestic carriers can come in. International carriers can go to Lagos and Kano, and we distribute for them, like what is done anywhere in the world.”

“We also believe that Kaduna may not be too ready for this and for the volume of passengers that will be coming through that airport.”

In response to the AON’s position, the minister said the government would have worked at night on the Abuja airport if the level of dilapidation of the facility was just on the surface of the runway and taxi ways.

Sirika said, “But right now, all the four-level structures on that runway are completely gone. It is completely dilapidated. What was done in Gatwick was done for six months, but we are doing six weeks of closure to be able to attend to the critical parts of that runway.

“This working at night without disruption of flights is what we have been doing for 14 years on that runway and we have been achieving the same result. To stop spending billions and getting the same result, we engaged a wide range of engineers, who advised that it be closed and a complete and thorough job be done on the runway.”

The minister explained that the lifespan of the Abuja runway had been exceeded by 14 years without adequate maintenance as opposed to that of the Gatwick Airport, which receives constant maintenance.

He stressed that the Abuja runway might be forced to shut down on its own, as was the case of the Port Harcourt airport runway some years ago, a development that grounded flight activities in the state for two and half years.

On logistics being put in place for travellers to use the Kaduna airport, Sirika said N1.1bn had been approved by the Federal Government for its rehabilitation and that work on the facility would be completed before March 8.

He said Abuja passengers would board free buses to and from the Kaduna airport, adding that security would be provided by aviation security personnel, police, Ministry of Defence, Nigeria Security and Civil Defence Corps and the Kaduna State Government.

Sirika explained that military and police officers would be stationed on the Abuja-Kaduna Expressway during the six-week period, and that there would be train and helicopter services for passengers who could afford them.

On claims that the United Kingdom High Commission in Nigeria would close its services during the period, the minister stated this was a lie, adding that he had met with the personnel of the high commission and they had refuted the allegation.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Business

APM Terminals in Talks with Government for Terminal Upgrade in Apapa

Published

on

apapa

APM Terminals is engaging in discussions with the government for a significant upgrade at its Apapa terminal.

Keith Svendsen, the Chief Executive Officer of APM Terminals, disclosed the company’s ambitious plans aimed at accommodating vessels with deep drafts and large ship-to-shore cranes.

The upgrade is part of APM Terminals’ long-term vision to bolster import and export opportunities in the country, create employment, and diversify local opportunities.

Svendsen emphasized the importance of fortifying existing port infrastructure, especially in Lagos, to manage increasing trade volumes effectively.

“While greenfield terminals like Lekki and later on Badagry would support economic growth in the long run, the more urgent requirement is in our view to upgrade the existing port infrastructure,” Svendsen commented.

The proposed upgrades seek to facilitate smoother operations, providing seamless connectivity through road, rail, and barge networks to mainline shipping.

Svendsen highlighted the unique position of the Apapa port in offering access to international markets for Nigerian importers and exporters, leveraging not only road but also rail and waterways, utilizing barges.

APM Terminals has been a pivotal player in Nigeria’s maritime sector for close to two decades. The company’s commitment to the nation’s economic growth is underscored by its proposed investment of over $500 million, subject to a long-term partnership with the government.

The Apapa terminal is a vital gateway for trade, handling a significant portion of Nigeria’s container traffic.

Furthermore, APM Terminals’ operations in Lagos and Onne collectively manage about half of the containers in Nigeria, demonstrating their pivotal role in the country’s logistics landscape.

The proposed upgrades signify APM Terminals’ dedication to supporting Nigeria’s economic reforms and attracting international investments.

The company has already invested over $600 million since its inception in Nigeria in 2006, directly employing approximately 2,500 Nigerians and indirectly contributing to employment for about 65,000 individuals.

“At APM Terminals, we believe strongly in the prospects for the Nigerian economy and the long-term opportunities that the current economic reforms and invitation for international investments will generate,” Svendsen affirmed.

As talks between APM Terminals and the government progress, stakeholders are optimistic about the positive impact of the proposed terminal upgrades on Nigeria’s maritime sector and overall economic development.

Continue Reading

Business

Uber Rolls Out Flex Pay Feature: Daily Earnings for Nigerian Drivers

Published

on

Uber

Uber has rolled out a feature in Nigeria that promises to revolutionize the way drivers receive their earnings.

Dubbed “Flex Pay,” this innovative initiative allows Uber drivers across the country to access their earnings daily, a significant departure from the previous weekly payment system.

The announcement came during a recent media briefing led by Tope Akinwumi, Uber Nigeria’s country manager.

Akinwumi expressed the company’s commitment to supporting its drivers by introducing Flex Pay, which aims to help drivers meet their financial obligations more promptly and efficiently.

With Flex Pay, drivers now have the flexibility to access their earnings directly through their mobile wallets on a daily basis.

This move is poised to bring about a host of benefits for drivers, offering them greater financial stability and control over their finances.

In addition to the introduction of Flex Pay, Uber also unveiled a set of new features designed to enhance the driver experience on the platform.

One such feature is the ability for drivers to see upfront details about a trip request, including the destination and expected fare.

This added transparency empowers drivers to make more informed decisions about which trips to accept, ultimately improving their overall experience on the platform.

Speaking about the new features, Akinwumi emphasized Uber’s commitment to prioritizing the needs and feedback of its driver-partners.

He highlighted the company’s ongoing efforts to innovate and develop solutions that enhance the driver experience and ensure their satisfaction with the platform.

“We are constantly listening to feedback from our driver-partners and striving to provide them with the tools and support they need to succeed,” said Akinwumi.

“The introduction of Flex Pay and other new features is a testament to our commitment to empowering our driver-partners and enhancing their experience on the Uber platform.”

The implementation of Flex Pay marks a significant milestone for Uber in Nigeria, demonstrating the company’s dedication to driving positive change and innovation in the ride-hailing industry.

As drivers begin to benefit from daily earnings and increased transparency, Uber is poised to strengthen its position as a leading provider of flexible earning opportunities in the country.

Continue Reading

Appointments

Exxon Mobil’s $1.28 Billion Asset Sale to Seplat Energy Set for Approval, Ending Two-Year Wait

Published

on

exxonmobil

After a prolonged two-year wait, Exxon Mobil’s anticipated $1.28 billion asset sale to Seplat Energy is poised for approval by Nigeria’s oil regulator.

The deal, which has been in limbo since 2022, could finally see the light of day following recent communication from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Gbenga Komolafe, the chief of NUPRC, revealed to Reuters on Thursday that the regulatory body is on the verge of giving its consent to the transaction.

Komolafe disclosed that Exxon Mobil and Seplat Energy are scheduled to attend a pivotal meeting on Friday, during which they will discuss the final steps towards approval.

He expressed optimism, stating, “Subject to the outcome of the meeting, consent… could be given in less than two weeks from the date of the meeting.”

According to Komolafe, NUPRC will present the companies with two mutually exclusive options, the acceptance of which would pave the way for the deal’s approval.

While he didn’t delve into specifics, he emphasized that Nigerian law mandates provisions for decommissioning, host community development, and environmental remediation.

“We don’t want our nation to carry unwarranted financial burdens arising from the operations of the assets over time by the divesting entities,” Komolafe asserted, underscoring the importance of responsible asset management.

The $1.28 billion sale holds immense significance for Nigeria’s oil industry, which has faced challenges stemming from underinvestment and security concerns in recent years.

With oil majors like Shell and TotalEnergies divesting from onshore shallow water operations due to security issues, regulatory approval of the Exxon-Seplat deal could inject much-needed capital into the sector.

Analysts view the impending approval as a potential catalyst for improved oil output in Nigeria. Moreover, it could serve as a positive signal to investors, paving the way for similar deals in the future.

The regulatory clearance of Shell’s asset sale to Renaissance in January has further bolstered expectations regarding the viability of such transactions.

As Nigeria looks to revitalize its oil sector and attract investment, the imminent approval of Exxon Mobil’s asset sale to Seplat Energy marks a significant milestone, bringing an end to a prolonged period of uncertainty and setting the stage for renewed growth and stability in the country’s vital energy industry.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending