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The Federal Government has signed the concession agreement for the Jeremiah Obafemi Awolowo International Airport, Port Harcourt, with PH Airport Limited.
The agreement was signed at the office of the Minister of Aviation and Aerospace Development, Festus Keyamo, who led the Federal Government delegation, while the concessionaire was led by its Group Managing Director, Mr. Eyo Asuquo.
The event brought together key stakeholders in the aviation industry, including the Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo; the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku; Directors of the Ministry; and Aviation Unions Leaders.
Speaking on behalf of the aviation union leaders, the president of National Union of Air Transport Employees (NUATE), Ben Nnabue expressed the unions’ approval of the concession agreement, stating that their endorsement followed assurances and confirmation that no aviation worker would lose his or her job as a consequence of the arrangement.
He emphasised that the protection of workers’ jobs remained a fundamental consideration for organised labour and that the unions were satisfied with the assurances received before giving their approval to the agreement.
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Also speaking at the event, the Group Managing Director of PH Airport Limited, Mr. Eyo Asuquo, described Port Harcourt’s strategic importance in the aviation and economic landscape of the Gulf of Guinea, drawing attention to its enormous potential as a major gateway for regional commerce, investment and connectivity.
He expressed the concessionaire’s commitment to transforming the airport through improved infrastructure, enhanced operational standards and increased economic activities, assuring that the arrangement would create opportunities for more employment rather than lead to job losses.
According to him, the vision of PH Airport Limited goes beyond taking over the management of the facility, as the company is committed to driving development, expanding opportunities and creating additional jobs through investments and the growth of airport-related activities.
The Minister presided over the formal signing of the concession agreement, after which the concessionaire and relevant officials of the Ministry endorsed the documents, marking the successful completion of the formal execution process.
