Monday, March 8, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result

Unions’ task force to assist FAAN on debt recovery

by Financial Street
September 15, 2019
in Front Page
0
Lagos’ debt stock stands at N158bn
0
SHARES
20
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

In the latest move to recover several billions of naira from it debtors, the management of the Federal Airports Authority of Nigeria is seeking the help of aviation workers’ unions.

To this end, a task force has been set up by the unions to assist the management in its onerous drive to recover the debts as soon as the ultimatum that was given to the debtors lapses.

READ ALSO

Experts say blockage exposed Nigeria’s food production flaw

Nigeria’s foreign reserve drops by $1.2bn

This development was brought to light by the chairman of the FAAN Branch of National Union of Air Transport Employees, Adeshola Idowu.

Read Also:

  • Nigerian govt should repay $500m Chinese loan, not FAAN – Group
    Nigerian govt should repay $500m Chinese loan, not…
  • Nigeria explains need to fasttrack AU passport
    Nigeria explains need to fasttrack AU passport
  • Why we suspended NURTW, RTEAN in Ondo – Akeredolu
    Why we suspended NURTW, RTEAN in Ondo – Akeredolu

The debtors include local and foreign airlines, concessionaires of all its revenue collection points, private terminal and airstrip operators, shop owners at departure and arrival lounges and operators of fuel dumps.

The FAAN management, last week, gave one month grace within which all debtors must settle their outstanding bills or be sanctioned through the withdrawal of services hitherto rendered by the Authority.

He said, for example, that the runway, which Bi-Courtney Airline Services clients use for landing and take-off, the provision of fire cover, aviation security personnel stationed at the terminal were all provided by FAAN, yet, over the years, Bi-Courtney refused to pay for the services.

Idowu commended the Managing Director of FAAN, Capt. Rabiu Yadudu, for taking the bold step towards the debt recovery, adding that “this was one of the pro-active steps taken in his first 100 days” in repositioning the Authority in the areas of debts recovery, revenue generation, infrastructure development and maintenance, looking after workers welfare such as the promotion of those that had been stagnated for years, the implementation of Conditions of Service including payment of areas and prompt payment of salaries.

He was convinced that by the time Yadudu and his management clocked one year in office, the team would have been able to reposition FAAN to international standard and impacted positively on the quality of service delivery to the travelling public and other customers of the Authority.

From the activities of the FAAN chief executive so far, Idowu noted that “Yadudu has a vision and a mission to take the organisation high in the global sphere.”

He, therefore, urged the Federal Government not to allow politicians to “invade our industry any longer as it used to be in the past because FAAN management is more focused and nothing should be done to derail that mission.”

Idowu pleaded with the government to come to the aid of the Authority in the area of infrastructure in view of the huge capital outlay involved.

The present management, he added, is that of continuity and building on the achievements of the immediate past management under Alhaji Saleh Dunoma.

He urged government to jettison the plan of concession and instead focus on how to assist the present management to create more conducive environment for the Authority to build on its present achievements, adding that all the workers in FAAN were against the planned concession of Lagos, Abuja, Kano and Port Harcourt international airports.

“We need development; concession is not the solution to the problems in the industry. We are not for concession and we are ready to work with anyone that will move the industry to next level position,” he said.

close
Subscribe to our newsletter and join thousands of readers of our financial, economic & investments news blog!
We don't spam with your email

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: AbujaAir transportFAANFinancial StreetKanoLagosPort Harcourt

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Experts say blockage exposed Nigeria's food production flaw
Business & Economy

Experts say blockage exposed Nigeria’s food production flaw

March 8, 2021
Nigeria’s foreign reserve drops by $1.2bn
Business & Economy

Nigeria’s foreign reserve drops by $1.2bn

March 7, 2021
Can CBN stop cryptocurrency trading?
Front Page

Cryptocurrency: Presidency, NASS, other stakeholders may review CBN directive

March 6, 2021
Nigeria earned $206bn from crude oil export in five years – OPEC
Energy

EXCLUSIVE: Why OPEC can’t influence fuel price in Nigeria – Experts

March 5, 2021
World Bank: Kenya’s economic growth will rebound next year
Front Page

Mutual funds’ NAV grows by 74%

March 3, 2021
We airlifted 500,000 passengers in 20 months
Aviation

We airlifted 500,000 passengers in 20 months – Ibom Air

March 2, 2021
Next Post
APCON backs research for Nigeria’s outdoor advertising industry

APCON backs research for Nigeria’s outdoor advertising industry

RECENT STORIES

Financial Street - Financial inclusion: Nigerian entrepreneurs tap growing demand for PoS services

Gwadabe raises concern over CBN’s Naira4Dollar Scheme

March 8, 2021
Investisseurs & Partenaires closes IPAE 2 fund at €75m

We paid $564.17m to Nigerian govt – Seplat

March 8, 2021
ASECNA, NIGCOMSAT, Thales Alenia to boost development of African aviation

Eto: NAFFAC charges NPA on personnel overhaul

March 8, 2021
Experts say blockage exposed Nigeria's food production flaw

Experts say blockage exposed Nigeria’s food production flaw

March 8, 2021
83 countries received $165bn loan from IMF

Nigerian govt should repay $500m Chinese loan, not FAAN – Group

March 7, 2021
Nigeria explains need to fasttrack AU passport

Nigeria explains need to fasttrack AU passport

March 7, 2021
Nigeria’s foreign reserve drops by $1.2bn

Nigeria’s foreign reserve drops by $1.2bn

March 7, 2021

TRENDING

  • Can CBN stop cryptocurrency trading?

    Cryptocurrency: Presidency, NASS, other stakeholders may review CBN directive

    2 shares
    Share 0 Tweet 0
  • #FixPolitics charges cohorts on nation building, service

    2 shares
    Share 0 Tweet 0
  • Experts say blockage exposed Nigeria’s food production flaw

    0 shares
    Share 0 Tweet 0
  • EXCLUSIVE: Why OPEC can’t influence fuel price in Nigeria – Experts

    0 shares
    Share 0 Tweet 0
  • COVID-19: CBN extends discounted interest rate

    2 shares
    Share 0 Tweet 0
Financial Street is a meeting point for technology, economy, and journalism.

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous