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Nigeria plans to privatize airports

LAGOS, Oct. 2 (Xinhua) -- The Nigerian government on Thursday said the privatization of airports in the country would commence soon.

"We are planning to commence the privatization of airports; the airports will be more efficient if the private sector is running them," said Benjamin Dikki, the Director-General of Bureau of Public Enterprise (BPE) in Abuja.

He said although the government had made substantial investment in the aviation sector, a lot still remained to be done, adding that it was the reason why the government was considering privatizing the airports.

"Very soon, we will engage the Minister of Aviation and we will start a new process of privatizing or concession of airports just like we have done with the seaports," he added.

"We are likely to grant concession of maybe 15 to 20 years, according to the business model agreed on, so that investors can make a reasonable return on the investment during the concession period," Dikki said.

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