The Federal Executive Council has approved the sum of ₦92.12billion for the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja.
This comes a day after President Muhammadu Buhari inaugurated a new terminal building at the Murtala Mohammed International Airport (MMIA), Lagos.
Minister of Aviation, Senator Hadi Sirika, disclosed the approval of the fund on Wednesday while briefing State House correspondents at the end of the virtual council meeting presided over by President Buhari at the Presidential Villa in Abuja.
According to the Minister, the approved fund will be spread over a number of works to be carried out at the airport within a period of 12 months.
Asked how the government intends to raise the fund for the project, Sirika explained that the administration would use the same pattern it had used to raise the money for other projects across sectors to achieve the current mandate.
The approval is a follow-up of President Buhari’s directive to the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, to source special funding for the second runway of the airport.
The Minister of the Federal Capital Territory (FCT), Muhammad Bello, had also been directed to conclude the documentation of the approved 12,000 hectares of land to accommodate the runway and other developmental projects.