The Federal Airports Authority of Nigeria (FAAN) has announced plans to raise tariffs across all airports in the country in a bid to meet operational demands and reduce reliance on flight-related income.
The agency made this known during a Stakeholders Engagement Forum organized by its Directorate of Commercial and Business Development (DCBD) in Lagos. According to the Director of Commercial and Business Development, Adebola Joy Agunbiade, the review is long overdue and necessary to strengthen FAAN’s financial stability.
“We will give service providers enough notice to prepare ahead,” Agunbiade assured. “The goal is to ensure the increase is fair while helping us meet financial obligations.”
She noted that 92% of FAAN’s current revenue comes from aeronautical sources—directly tied to flight operations—while only 8% is generated from non-aeronautical sources such as retail leases, concessions, and advertising. This, she said, is far below international standards, where non-aeronautical revenues account for over 40% of total airport income.
FAAN says the tariff adjustment is part of broader efforts to diversify its revenue base and align with global best practices.
