Channel TV
Nosakhale Akhimien
01 Apr 2026
The Federal Government of Nigeria has invested roughly $500 million in cash to modernise the Murtala Muhammed International Airport (MMIA) in Lagos, the Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed.
Keyamo, who spoke during the Aircraft Acquisition and Investment Summit in Lagos on Wednesday, highlighted the scale of the government’s commitment to developing Nigeria’s aviation infrastructure.
“The scale of Nigeria’s aviation opportunity is perhaps best illustrated by what is now happening in Lagos, with roughly half a billion dollars invested by the Nigerian government in the modernisation of Lagos International Airport infrastructure.
“Nigeria is making a clear statement that the gateway serving one of Africa’s most important aviation markets must match the scale of its responsibility. We did not borrow the money; Mr President made the funds available in cash, and contractors have already moved to the site,” he stated...
