Federal Airports Authority of Nigeria. Photo: FAAN
The Managing Director of the Federal Airports Authority of Nigeria, Olubunmi Kuku, has explained that the Federal Government’s decision to renegotiate the concession agreement for the Murtala Muhammed Airport Terminal II was aimed at restoring investor confidence, ensuring fairness and resolving years of disputes surrounding one of Nigeria’s most controversial public-private partnership projects in the aviation industry.
Speaking on the importance of successful PPP models in infrastructure development at the African Air Transport Convention and Expo 2026 in Togo, Kuku said the sustainability of such arrangements goes beyond access to capital and depends largely on institutional credibility, regulatory certainty and project discipline.
According to Kuku, who spoke on the second day of the event during a panel discussion titled, “Strategic Direction on Aviation Financing and Infrastructure Development,” the current administration undertook extensive efforts to renegotiate the concession agreement, a process that has now been concluded and approved by the Federal Executive Council.
She said, “A lot of the challenges that we have seen are really around project continuity and market risks. If you look at the Nigerian example, one of the most talked-about concession projects has been the Bi-Courtney MM2 project, and it has generated a lot of noise and conflict over the years.
