Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company.

James Odaudu, the Special Assistant on Public Affairs to the Minister of Aviation, disclosed this in a statement on Thursday.

According to him, the Council also approved that the Federal Ministry of Aviation would be renamed the Ministry of Aviation and Aerospace.

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The statement noted that the company would make combined upfront payments of $8.5 million for the concession of NAIA and MAKIA.

He added that the development would spur evidential growth within the Nigerian aviation industry.

“In alignment with the Aviation Roadmap, approved by Mr President on 18th October 2016, the Ministry of Aviation and Aerospace is delighted to inform all stakeholders, both local and international, and the media, that the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano has been approved by the Federal Executive Council,” the statement said.

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In December 2022 and January 2023, Corporacion American Airport Consortium was announced as the preferred bidder for the airport’s concession after scaling through a series of evaluations of technical and financial bids.

Nominal revenues mean income not adjusted for inflation and decreasing purchasing power.

Deji Adeyanju, an Abuja-based rights activist, on Tuesday, criticized Pastor Tunde Bakare, Governor Nyesom Wike of Rivers State and Governor Godwin Obaseki of Edo State over the collapse of the national grid.

Adeyanju said Bakare, Wike, and Obaseki should be calling out the President Muhammdu Buhari-led Federal Government over the collapse of the national grid and not be silent or fighting themselves.

He lamented that Buhari and his wife Aisha are out of the country while everything in the country is collapsing.

In a chat with DAILY POST, Adeyanju lamented that Nigeria is currently battling with fuel scarcity, electricity, lack of diesel, while the president and his wife are both out of the country.

According to Adeyanju: “National grid has collapsed. All 19 power plants built by corrupt PDP are now generating zero power.

“Fuel & diesel have become gold. The CHANGE Govt 7yrs later has nothing to offer except more corruption and failure. Everything has collapsed including the economy and governance.

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“Just imagine despite all that Nigerians are currently going through -no fuel, diesel, no light, insecurity everywhere; that GEJ is in a London hospital chilling and Dame is in Dubai like Aisha Buhari living her best life.

“By now, Pastor Tunde Bakare & the then opposition would have shutdown Nigeria but useless PDP is sleeping. Wike and Obaseki are only interested in fighting.”

The National Youth Service Corps (NYSC), says the proposed trust fund would help actualise President Muhammadu Buhari administration’s vision to lift millions of Nigerians out of poverty.

NYSC’s Director-General, Maj.-Gen. Shuaibu Ibrahim, stated this at the closing ceremony of the 2022 Batch “A” Stream 1 Orientation Course, on Tuesday in Ganjuwa Local Government Area of Bauchi State.

Ibrahim, represented by Alhaji Namadi Abubakar, NYSC Coordinator in the state, said this would be made possible as soon as the trust fund become operational.

The NYSC boss added that as soon as the Trust Fund became operational, the quality of the scheme’s Skills Acquisition and Entrepreneurship Development (SAED) programme would further be enhanced.

This, he said, would be achieved through the provision of adequate training materials and engagement of more specialist trainers.

“It may interest you to know that the desire to make the SAED programme more impactful, partly informed our advocacy for the establishment of the National Youth Service Corps Trust Fund.

“All trainees with bankable business proposals will be supported with start-up grants.

“You will in turn, be expected to step down vocational training or employ a good number of youths of your host community.

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“That way, we will be pulling millions of Nigerians out of poverty, thereby stemming the tide of youth restiveness and tendency for criminality,” he said.

Ibrahim lauded the National Assembly for the progress made on the legislative processes on the bill for the establishment of the trust fund.

“I wish to passionately appeal to the appropriate authorities to facilitate the success of the remaining processes that will bring the trust fund to fruition.”

The NYSC boss urged the corps members to integrate into their host communities, through learning of their languages and cultures.

He also advised them to devote time to identify the needs of their host communities as well as initiate personal and group community development projects that would uplift their standard of living.