Festus Keyamo, SAN, the Minister of Aviation and Aerospace Development disclosed that the Federal Government was spending ₦1bn monthly to power the Murtala Muhammed Airport, Lagos.
This was made known at the ministerial press briefing in Abuja to mark President Bola Tinubu’s first year in office.
Keyamo said the ministry is planning to reduce the heavy cosy by investing in solar power systems. The ministry was bypassing the power distribution companies to buy electricity directly from the generating companies, saying that method would save the Federal Government about N300m.
“We want to run our airports with solar and that will save us so much every month. Lagos airport alone, I was told we do ₦1bn every month, and I asked why.
“The first thing I said they should do is bypass the Discos and go to the Gencos because we are eligible customers. Why do you pay a Disco that will add profit when you are an eligible customer? Cut them off and go to the Gencos straight. We are doing that and they are protesting up and down to go and meet the president. By doing that, we are saving 30 per cent. When we are supposed to pay N1bn, we will pay ₦600m,” the minister stated.
Keyamo emphasised that the Nigeria Air project remained suspended. In 2023, the Ministry of Aviation, under Hadi Sirika, unveiled Nigeria Air three days before the end of former President Muhammadu Buhari’s administration.
The development elicited concerns among stakeholders nationwide over the ownership arrangement, which gave Ethiopian Airlines a 49 per cent equity stake.
The Federal Government had five per cent equity, while a consortium of three Nigerian investors had 46 per cent.
Reacting to the deal in June 2023, the House of Representatives asked the Federal Government to suspend the operations of Nigeria Air, describing it as a fraud.
In August 2023, Keyamo announced that the national carrier project was suspended until further notice.
Keyamo said, “It remains suspended. It was never Air Nigeria. It was not Air Nigeria. That is the truth. It was only painted Air Nigeria. It was Ethiopian Airlines trying to flag our flag.
“If it is so, why not allow our local people to fly our flag? Why bring a foreigner to fly our flag? So, nobody should dispute that it was Air Nigeria.
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.