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Economic development

Lagos Aviation Hub to Receive $1.92 Billion Overhaul

Strategic Insights

— 1 min read

The Nigerian government has approved an ambitious plan to transform the Lagos aviation hub, a key component of President Bola Tinubu's Renewed Hope Infrastructure Development Fund. The overhaul, valued at $1.92 billion, aims to modernize critical infrastructure across Nigeria's airports, including the Murtala Muhammed International Airport (MMIA) Terminal One, which will undergo a complete strip-down and rebuild. The project includes improvements to the existing Terminal Two, runway rehabilitation, and security metal fencing. The completion period for the Lagos terminal rebuild is set at 22 months, while the security metal fence project is expected to be completed in 24 months.

Key Takeaways:

  • The total cost for the Lagos terminal rebuild and associated upgrades will be $712,258,565,482.18.
  • CCECC, which constructed the new Terminal Two, will handle the works on the Lagos terminal rebuild.
  • Terminal Two will also see improvements, including apron expansion, new access roads, bridges, and associated works.
  • Runway rehabilitation and lighting upgrades to CAT-2 standard will be approved for several airports, including Malam Aminu Kano International Airport, Port Harcourt International Airport, and Murtala Muhammed International Airport, Lagos.
  • A 14.6-kilometre security metal fence will be constructed around Lagos Airport, complete with an operational road, CCTV cameras, intruder detection systems, and solar-powered floodlighting.
  • The reconstruction and conversion of aprons at the domestic wing of Lagos Airport will provide expanded parking space for aircraft.
  • The full business case for the 30-year concession of Akano Ibiam International Airport, Enugu, has been approved following an unsolicited proposal by the Aero Alliance Consortium.

Statistics:

  • Total cost for Lagos terminal rebuild and associated upgrades: $712,258,565,482.18
  • Completion period for Lagos terminal rebuild: 22 months
  • Value of security metal fence project: $49,899,681,901.44
  • Completion period for security metal fence project: 24 months
  • Total cost for runway rehabilitation and lighting upgrades to CAT-2 standard: $46,392,454,624.04 (Malam Aminu Kano International Airport) and $44,134,285,954.11 (Murtala Muhammed International Airport, Lagos)
  • Completion time frame for runway rehabilitation and lighting upgrades to CAT-2 standard: 24 weeks to 30 weeks

Sources:

  • Minister of Aviation and Aerospace Development, Festus Keyamo, to State House Correspondents (Thursday, FEC meeting)
  • Leadership (2025)
  • AllAfrica Global Media (allAfrica.com)

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