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Aviation Minister designates economic zones

The Minister of Aviation Senator Haidi Sirika has revealed that the designation of four international Airports as special economic zones is geared towards creating avenues to mobilize local and foreign direct investment, to harness the socio-economic benefits derivable from civil aviation and generate revenues for Government.

The airports are the Murtala Muhammad International Airport Lagos, Nnamdi Azikiwe International Airport Abuja, Port-Harcourt international Airport and the Mallam Aminu Kano International Airport kano.

A statement issued by the Director Public Affairs Mr. James Odaudu, says the designation is expected to attract more international and domestic airlines and world class organisations into the Nigerian aviation Industry to fast track the upgrade and development of new infrastructure and facilities at the airports.

The Special Economic Zones would also help to reduce the tax burden on Aviation Companies to enable them to compete internationally and create a more efficient and business-friendly airport environment.

He says the airports will help to generate employment opportunities and improve overall ease of doing business in Nigeria, which is in line with Federal Government’s commitments to national economic development and generate additional non-aeronautical sources of revenue for the aviation Industry.

The minister explained that the ministry of aviation requires a holistic solution to issues concerning taxation, custom and fiscal issues in the industry, hence called on the Nigerian Export Processing Zone Authority to designate the 4 airports under the NEPZA act.

He added that the request was made so that the benefits of such zones can be accorded all airlines, airport operators and aviation support companies residing within the zones approved by the President.

Nosa Aituamen

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