FAAN, NAMA and Power Conundrum
Chinedu Eze The two major service providers in the aviation industry, the Federal Airports Authority of Nigeria (FAAN) and the Nigeria Airspace Management Agency (NAMA) spend over N34 billion on
The Federal Airports Authority of Nigeria (FAAN) and the Nigeria Airspace Management Agency (NAMA) collectively spend over N34 billion on power annually, in addition to other sources like generators and renewable energy. Murtala Muhammed International Airport (MMIA) alone consumes N1 billion worth of electricity monthly, with other major travel hubs incurring similar high costs.
To reduce expenses, FAAN is restructuring its aviation master plan to transition international airports to solar energy. FAAN has also invested N8.73 billion in modernizing power infrastructure to reduce reliance on diesel fuel. NAMA spends over N10 billion annually and has transitioned several air traffic control and navigational aid stations to solar power systems.
The 'Energy Costs and Business Survival' summit organized by the Lagos Country Club highlighted the challenges businesses face due to unreliable and costly electricity in Nigeria. Energy experts stressed the importance of informed decisions, innovation, efficiency, cleaner production technologies, and collaboration to improve power supply and reduce the burden on businesses.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
