FAAN MD: Nigeria is Africa's fourth largest aviation market
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Background ✨
Nigeria's government projected passenger traffic would rise from 15.9 million in 2023 to 25.7 million by 2029, alongside USD2.58 billion in aviation-sector revenue, and it invested in upgrades across six major airports including a NGN712 billion refurbishment of Lagos Murtala Muhammed Airport.1 FAAN MD Olubunmi Kuku also backed strategic support for two to three Nigerian airlines to become national flag carriers, while highlighting plans for modern cargo terminals, cold-chain systems and positioning Nigeria as an MRO hub.2