The House of Representatives on Tuesday resolved to set up sub-committee to interface with the Federal Ministry of Aviation, the Financial Adviser, (FAD) and the Project Delivery Team, (PDT) on the proposed airports’ concession by the Federal Government.
Chairman, House Committee on Aviation, Hon. Nnolim Nnaji disclosed this in Abuja, after the presentation of the Minister of Aviation, Senator Hadi Sirika on the Nigerian Airport Concession Strategy, who assured that the airport terminals concession will not lead to job losses, adding that the assets to be concessioned are: cargo terminals, airport terminal buildings, Aprons and Car Parks.
Some of the lawmakers who spoke during the investigative hearing including Hon. Linda Ikpeazu queried the rationale behind ip after Federal Government had fully funded the remodelling through borrowing, for which paltry 40% revenue sharing formula would be for the Federal Government while 60% of the revenue goes to the concessionaire.