Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»News»N712bn Terminal Revamp Funded from Subsidy Removal Savings – Keyamo
News

N712bn Terminal Revamp Funded from Subsidy Removal Savings – Keyamo

meridianspyBy meridianspyAugust 4, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

 

The Minister of Aviation and Aerospace Development, Festus Keyamo, has defended plans by the Federal Government to remodel the Terminal One of the Murtala Muhammed International Airport in Lagos with ₦712bn, saying it is a quest to meet world-class standards.

The senior advocate, who was a guest on Channels Television’s Sunday Politics programme, said the airport terminal, built over four decades ago, has gone rusty.

“The roof of the airport is leaking; the place is decrepit and smelly. You see people selling Indomie and all kinds of kiosks erected there. The ceilings are failing, and the carousels are not working because their parts are not in the market anymore,” he said.

The approval of ₦712bn by the Federal Government for the project last week has triggered discontent from various quarters as critics argued that it was a misplacement of priority by the Bola Tinubu Presidency at a time when millions of Nigerians groan under all-time high inflation, hunger and skyrocketing living cost, sparked by the twin policies of petrol subsidy removal and unification of the foreign exchange windows by the government.

However, Keyamo argued that the airport upgrade would be funded “through the Renewed Hope Infrastructural Funding. It is not a budgetary kind of expenditure. It is from the special infrastructure fund”.

“This government promised Nigerians major infrastructural upgrades across Nigeria, from the savings we are having now from the subsidy removal and the floating of the naira,” he stated, adding that the project would last 22 months.

READ ALSO  Tinubu approves N10bn emergency funding for Ebola response

The minister said that without the rebuilding of the airport terminal, many foreign airlines would abandon the country’s route.

“Without this, some international airlines will threaten to stop flight to your country when you don’t have a good airport, a good runway, because it affects insurance because when the runways are not good, the terminals are good, the insurance will go up because they will say that place is not safe to fly to,” he said.

Keyamo stressed that upon completion, the terminal would rival continental aviation hubs in Ethiopia, South Africa and other country.

He said, “As it is today, you cannot land in Lagos (local airport) and try to connect to an international flight, maybe to Ghana

“Lagos is not a hub, but that was the plan in 1977 when it was designed and in 1979 when it was commissioned. You cannot process one passenger from one terminal to another, so that has stunted the growth of aviation.

“What we are trying to do in Lagos now is to make Lagos a very modern airport and create a proper hub to begin to compete with other hubs in Africa…So, we want to completely pull down Terminal One.

“It is not a refurbishment; we are tearing it down, only the pillars will remain, the carcass, the decking. Everything will go, and they are going to redesign now.”

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

Related posts:

  1. Why we Restrict British Airways from Flying to Nigeria — Keyamo
  2. JUST IN: President-elect Tinubu landed in Nigeria from Foreign Trip
  3. May 29: Those Calling for quick determination of election petitions mischievous – Keyamo
READ ALSO  Poverty Under Tinubu Increased, But Reforms Working, Says IMF
Festus Keyamo Murtala Muhammed International Airport petrol subsidy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

Renewed Hope Youth Festival Set to Hold in Abuja on Democracy Day

June 10, 2026

Tinubu Inaugurates Abuja Expressway, Vows to Complete Inherited Projects

June 10, 2026

I Can Still Forgive, Reconcile with Kano Governor, Says Kwankwaso

June 10, 2026
Search
Recent Posts
  • Renewed Hope Youth Festival Set to Hold in Abuja on Democracy Day
  • Tinubu Inaugurates Abuja Expressway, Vows to Complete Inherited Projects
  • I Can Still Forgive, Reconcile with Kano Governor, Says Kwankwaso
  • You’re looking for campaign funds  —  Okonkwo reacts to Obi’s N5bn defamation suit
  • Tinubu Secures N10bn Funding For Ebola Emergency Preparedness
  • Poverty Under Tinubu Increased, But Reforms Working, Says IMF
  • Tinubu approves N10bn emergency funding for Ebola response
  • African-Somalian referee denied entry to US for World Cup
  • Beware of Obi, his supporters — Abure advises Dickson to learn from LP crisis
  • Senate to consider state police bill Tuesday
  • SPECIAL REPORT: How Coordinated Security Operations Are Restoring Stability in Kwara North By Kabir Abdulsalam
  • Oyo Govt Demolishes Building Linked to Adelabu Family’s Kidnap Hideout
  • Finance Ministry Clears N700bn in Contractor Obligations
  • NANS begins nationwide TETFund projects audit over delivery concerns
  • We’ll Re-double our Effort to Crush Terrorists, Bandits — Tinubu
Categories
  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Investigations
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sport
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.