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FAAN to develop N56b Aerotropolis City in Akure

AN Aerotropolis City, said to be the first of its kind in sub-Saharan Africa, is to be developed at the Akure Airport, in Ondo State, on a private/public partnership arrangement between the Federal Airports Authority of Nigeria, FAAN, and a private investor.

Speaking with newsmen in Akure, the General Manager, Business Development, FAAN Headquarters, Mr. Hycinth Ngwu, said the decision was anchored on private/public partnership, geared towards developing an aerotropolis in the airport.

Ngwu said: “It’s in the interest of all stakeholders to support the project. It will increase the revenue base of the state and local government.

“Certainly, the majority of the employees will come from the locality. They should support it because it will transform their success.

“We intend to replicate this in other airports. We started in Akure because it initially had the largest land mass before being overtaken recently by Abuja Airport.”

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FAAN to develop N56b Aerotropolis City in Akure

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