Infrastructure upgrade : NAMA may seek Nigerian Govt’s approval to obtain loans

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The Managing Director of the Nigerian Airspace Management Agency (NAMA), Capt. Fola Akinkuotu, says the agency may explore the option of obtaining bank loans to upgrade infrastructure at airports across the country.

Akinkuotu told the News Agency of Nigeria (NAN) at the just-concluded International Civil Aviation Organisation (ICAO) World Aviation Forum (IWAF) in Abuja, that this would, however, be subject to the approval of the Federal Government.

He noted that the theme of this year’s IWAF, “Financing Aviation Infrastructure’’, was very apt because aviation was one of the most capital intensive businesses.

According to him, the forum, which was hosted for the first time outside the ICAO headquarters in Montreal, Canada provided opportunities for Nigeria and African countries to attract investors to the continent.

Akinkuotu said: “It was a good opportunity for us to…

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