The Federal Government has on Wednesday said it will offer insurance cover for assets in 22 airports owned by the Federal Airports Authority of Nigeria (FAAN) and the expansion of the apron of the Maiduguri Airport. The approval was done during the Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari, adding that the contracts of the Kano, Kaduna, and Federal Capital Territory (FCT) roads have been approved. Speaking on the insurance of the aviation sector, Information minister, Lai Mohammed told State House correspondents that the contract which totals N758,173,556 were approved following a presentation by the aviation minister, Hadi Sirika.
He said, "The first memo is a contract for the expansion of the apron at the Maiduguri Airport. This contract is worth N719,117,868.60. It was awarded to a company called Luvaslink Projects Limited.
"The expansion of Maiduguri Airport has become necessary because of the increased traffic at the airport. The apron of an airport is actually that area where aircraft’s manoeuvres are made, where they turn and park.
"The second contract is one awarded to Zenith General Insurance Company and 19 other insurance companies to insure assets, such as terminal buildings in 22 airports belonging to the Federal Airports Authority of Nigeria. The contract is in the sum of N390,550,687.45. Both memos were approved by council today."
