Nigerian government moves to harness $250 billion air cargo business

The Nigerian federal government is wrapping up strategies to adopt workable competitive models that will trigger the growth and development of the air cargo and allied industry, as there is an estimated $250 billion revenue potential there. To this end, the government has designated about 13 airports as Air Cargo Terminals. They include Abuja, Akure, Calabar, Ilorin, Jalingo, Jos, Kano, Lagos, Makurdi, Minna, Owerri, Port Harcourt, and Uyo airports.

However, many of these terminals do not have the facilities that would drive the growth of air cargo and allied activities. Besides, a lack of the requisite operational facilities for air cargo, multiple prohibitive charges and duplication of agencies continue to thwart the facilitation of air cargo and allied commercial activities in these terminals.

To achieve this, the AviaCargo Committee set up by the Federal Government under the Federal Airports Authority of Nigeria (FAAN) has embarked on a study of the air cargo and allied value chain across the African continent on the best model to tap into the huge revenue yielding venture.


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