Lagos, June 23, 2025 – The Federal Airports Authority of Nigeria (FAAN) is to increase tariffs on airport service providers.
Adebola Agunbiade, the FAAN Director of Commercial and Business Development, disclosed this in Lagos on Monday at a stakeholders’ forum.
She said the tariff hike was to boost internal revenue at airports as well as block revenue leakages.
The director said the authority had discovered that 92 percent of its revenue was coming from aeronautical sources, while only eight percent was coming from non-aeronautical sources unlike what obtained in developed countries where over 40 percent of their revenue were coming from non-aeronautical sources
She said FAAN had to review the tariffs in a way that the tariffs would bearable for the service providers and promised that FAAN would always notify them early enough before any tariff increase.
“We have done it already, we will be putting out notices on it, but please be rest assured that we will not be getting a review on tariff that probably has been done too recently.
“But we are reviewing our tariff, and we will also ensure that we notify you early enough so that you as businesses can plan towards it.”
Agunbiade expressed regret that the authority had had a lot of issues when restructuring lease agreements as many service providers would not read the terms of agreements.
“We’ve had a lot of issues around this, and I think it’s mostly because most times when we give out these agreements, people don’t read them to see what the terms are.”
She said FAAN had worked on the agreements with its legal team and had done a thorough review of the agreements.
“We’ve come up with different terms. So, if anyone is coming for a renewal or for an application, you will see that some of the terms in the agreements have changed,” she said.
Agunbiade said FAAN was also transiting to an automated and contactless payment system.
“All payment will soon be made online using our cards. It is an airport card. You tap and go. It is a very seamless and straightforward process that will ease business and payment structure for all our payment systems.”
“We have above the line and below the line revenue generating platforms.
“Last year, we realized two billion naira from below the line platforms alone. It is a big opportunity for investors, and people can leverage on this,” Agunbiade said.
