The agreement with FAAN and Stabilini Visinoni is aimed at resolving years of disagreement over the management and development of facilities at Murtala Muhammed Airport.
The Federal Government and Bi-Courtney Limited have signed agreements to resolve a longstanding dispute over the management and development of facilities at the Murtala Muhammed Airport in Lagos.
The agreements, signed on Tuesday in Abuja, involve the Federal Airports Authority of Nigeria (FAAN), Bi-Courtney Limited and Stabilini Visinoni Limited.
The signing ceremony took place at the office of the Minister of Aviation and Aerospace Development, Festus Keyamo.
The deal marks a step towards resolving the protracted disagreements surrounding the management and development of airport facilities in Nigeria’s commercial hub.
However, details of the agreements, including their specific terms and the implementation timeline, were not immediately available.
The resolution is expected to provide a framework for addressing the outstanding issues between the parties and clarifying their respective responsibilities in the development and management of the affected facilities.
The Murtala Muhammed International Airport is a major gateway for international travel and commercial activities in Nigeria.
The dispute has drawn attention to the complexities surrounding airport infrastructure development and management arrangements involving public authorities and private-sector operators.
Further details on the implementation of the agreements and their implications for airport operations are expected to emerge.
