As Keyamo Moves to Reposition Aviation Sector…
Gabriel Atumeyi, in this piece, explains how Minister of Aviation and Aerospace Development, Mr Festus Keyamo, saved the federal government from a multibillion naira judgment debt, restored a dormant revenue
On October 20, 2026, Minister of Aviation and Aerospace Development, Festus Keyamo, concluded a landmark agreement between the Federal Government and Bi-Courtney Limited, resolving a two-decade long dispute. The deal has been hailed as a win-win situation for both parties. Bi-Courtney Limited relinquished billions of naira in judgment debt and interest claims, and in return, secured certainty, restored rights, and room to expand its operations at Murtala Muhammed Airport II (MMA2).
The Federal Air Navigation Authority (FAAN) waived historically accrued concession fees predating the settlement, while the government reclaimed a dormant revenue stream that had been idle since 2003. The agreement also confirmed the General Aviation Terminal as federal government property, operated by FAAN, and renewed payment of concession fees by the concessionaire.
Minister Keyamo conducted the negotiation himself, without external assistance or a success fee, demonstrating his commitment to resolving the complex commercial dispute without converting it into a legal jobs programme. The concessionaire, Bi-Courtney Limited, expressed satisfaction with the resolution, stating that it would encourage others facing disputes with the government to seek alternative conflict resolution mechanisms.
The agreement, they emphasized, would create well-paying jobs and unlock investment, ultimately benefiting thousands of people in various sectors.
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