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Home » Posts » Why We’re Investing N712bn to Renovate Lagos Airport – Festus Keyamo

Why We’re Investing N712bn to Renovate Lagos Airport – Festus Keyamo

by Vanessa
August 4, 2025
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Why We’re Investing N712bn to Renovate Lagos Airport – Festus Keyamo
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Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has explained why the Federal Government approved N712 billion for the renovation of Murtala Muhammed International Airport (MMIA) in Lagos. He said the overhaul is vital to modernise the airport, handle rising passenger traffic, and meet global standards.

Terminal One to Be Rebuilt

Keyamo said the project will focus mainly on Terminal One, the older of the two international terminals in Lagos. Built in 1979, it has become structurally weak due to decades of overuse and neglect.

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“We’re stripping the building down to its carcass and rebuilding it to modern international standards,” he said.

Both Wings D and E of the terminal will be affected. The roof and interior will be completely removed and redesigned.

Terminal Two, completed with a Chinese loan and made operational in 2023 under President Tinubu, will be expanded. Plans include:

Enlarging the apron to handle more and bigger aircraft

Expanding the terminal building itself

Creating two new ring roads: one for arrivals, one for departures

Building a new bridge that connects directly to the upper departure floor

This will fix a design flaw that currently forces travellers to carry luggage up escalators.

Keyamo said the renovated MMIA will include smart solutions and tech-driven features to enhance operations, making it globally competitive.

“We’re delivering a smart airport that Nigerians can be proud of,” he added.

 

Project Funded by Subsidy Savings

Importantly, the project won’t be funded with loans. It will be financed through the Renewed Hope Infrastructure Fund, which was created from savings after the fuel subsidy removal.

Public Monitoring and Cost Justification

To ensure transparency, Keyamo promised to involve:

Journalists

Civil society groups

Lawmakers

They will be invited for regular site tours to monitor the work.

He also urged Nigerians to compare the MMIA project with similar airports in Africa, like in Angola, to understand the cost. The Bureau of Public Procurement reviewed and approved the final N712bn budget.

Keyamo noted that while Nigeria has new terminals in Abuja, Kano, and Port Harcourt, they remain underused, operating below 30% capacity due to low traffic.

Tags: Festus KeyamoMMIA
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Vanessa

Vanessa

I'm a journalist and relationship columnist. Nigeria Media Merit (NMMA) 1st Runner Up Award Recipient. I'm passionate about arts, entertainment,marriage, religion and politics. I love giving back to society.

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