A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Fresh indications have emerged that the Federal Airports Authority of Nigeria, FAAN, currently managing 26 airports, is cash-strapped.For instance, FAAN generates revenue from aeronautical and non-aeronautical, however, whatever it generates, the federal government takes 40 percent from source through the Treasury Single Account, TSA, while the remaining 60 percent income is utilised for salaries.
He said: “Aviation is an industry of skilled technical personnel whose job requires constant training and retraining. “This explains why some roads at the airports are in deplorable conditions and some major projects like erecting security and perimeter fencing at some airports under the management of FAAN are not being executed. There is an obvious paucity of funds.”
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