AIRPORTS
FAAN Goes Cashless, Targets 75% Revenue Rise
L-R: PAY STACK Director of Business, Mr. Kolawole, Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire. and Director of Business Development, FAAN, Ms. Adebola Agunbiade; Dir of Special Duties, FAAN, Mrs. Obiageli Orah, and other directors at the Launch of the Operation Go-Cashless project organized by FAAN on Monday in Lagos
The Federal Airports Authority of Nigeria (FAAN) has launched its nationwide cashless payment initiative, Operation Go-Cashless, with the projection that the move will triple the agency’s revenue base while curbing leakages and improving accountability across its airports.
The landmark policy, unveiled on Monday, September 29, 2025, at simultaneous events in Lagos and Abuja, marks a decisive shift away from physical cash collections at FAAN’s revenue points.
Effective immediately, cash transactions will be phased out at access gates, car parks, and VIP/Protocol lounges, beginning with Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.
FAAN’s Managing Director/Chief Executive, Mrs. Olubunmi Kuku, described the launch as “a new dawn for the Authority, defined by technology, driven by efficiency, and dedicated to serving Nigerians better.”
She said the initiative, implemented in partnership with Paystack, is not merely about introducing digital payments but about “reshaping the airport experience while reinforcing accountability, transparency, and excellence.”
Kuku emphasised that by reducing reliance on physical cash, FAAN will significantly boost revenue assurance. “Every transaction will be electronic, traceable, and secure. This ensures that every Naira due to the Authority is duly collected and accounted for. It is not just good for FAAN; it is a testament to our commitment to national development and fiscal responsibility,” she said.
Director of Commercial and Business Development, Ms. Adebola Agunbiade, who has led the project since inception, disclosed that FAAN projects a 50% increase in revenue at the pilot stage, rising to 75% as more points are integrated, with the ultimate goal of tripling revenue within the first year of full implementation.
She added that the extra income would be strategically reinvested in infrastructure upgrades across Nigerian airports.

“Human involvement in cash collection will be eliminated, thereby removing opportunities for revenue leakage. With Paystack’s closed-loop NFC payment system, every tap is instantly validated and authorised, ensuring reliability even in our busiest airport environments,” Agunbiade said.
For passengers and airport users, the shift means faster and more secure transactions. FAAN has introduced a Go-Cashless Card, available at access gates in Lagos and Abuja, while trained brand ambassadors have been deployed to guide users, provide live demonstrations, and resolve onboarding challenges.
FAAN has also begun an extensive awareness campaign through stakeholder forums, billboards, social media, radio jingles, and posters to ensure adoption and a smooth transition.
The initiative is scheduled for nationwide rollout in phases, with full implementation across all FAAN-operated airports targeted for the first quarter of 2026.

Kuku expressed gratitude to President Bola Ahmed Tinubu for his support for the aviation sector and to the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, for encouraging innovation at FAAN.
She also commended Agunbiade and her team for their “vision, hard work, and determination” in delivering the project.
With vehicular entries into Lagos and Abuja airports averaging more than 300,000 monthly and thousands of passengers using VIP lounges yearly, FAAN believes the transition to cashless operations will not only raise efficiency but also place Nigeria’s airports on par with global best practices.
“This is a transformative journey,” Agunbiade said. “Together, with the cooperation of all stakeholders and airport users, we will set a new benchmark for efficiency, accountability, and world-class service delivery across Nigeria’s airports.”
AIRPORTS
FAAN Rolls Out Biometric V-Pass for Faster, Safer Domestic Air Travel
The Federal Airports Authority of Nigeria (FAAN) has unveiled plans to introduce a biometric passenger verification system, V-Pass, aimed at transforming domestic air travel by speeding up passenger processing, strengthening airport security and reducing reliance on physical identity documents.
The facial recognition platform, developed in partnership with M/S Verxid Technologies Limited, will provide travellers with a secure digital identity that enables seamless verification at key airport checkpoints before accessing restricted areas and boarding aircraft.
The initiative was reviewed during a strategic meeting between FAAN and Verxid Technologies Limited, where both organisations discussed deployment strategies, security measures and implementation plans designed to improve passenger experience across Nigeria’s domestic airports.
According to a statement signed by FAAN’s Director of Public Affairs and Consumer Protection, Henry Agbebire, the meeting focused on ensuring the successful deployment of the digital identity platform while maintaining the highest standards of aviation security.
FAAN’s Director of Commercial and Business Development, Ms Adebola, described the project as another milestone in the Authority’s digital transformation programme, saying the introduction of V-Pass underscores FAAN’s commitment to deploying innovative technology that enhances passenger facilitation and aviation security.
She explained that Nigerian passengers will complete a one-time enrolment using their National Identification Number (NIN) and facial biometric capture, while foreign travellers will register with their international passports through Optical Character Recognition (OCR) and biometric authentication.
Once enrolled, passengers will undergo biometric verification before entering restricted airport areas and again before boarding their flights, a dual-authentication process designed to eliminate impersonation, identity fraud and unauthorised access.
The system will feature electronic gates and self-service kiosks to automate passenger processing, while trained FAAN personnel will be available to assist travellers where necessary.
FAAN said first-time enrolment is expected to take about one minute, while subsequent facial verification will be completed in less than 30 seconds, significantly reducing queues and improving passenger movement within airport terminals.
Beyond passenger processing, the platform will provide airlines with secure digital access to flight schedules, passenger manifests and boarding statistics, while FAAN’s Central Management System will enable real-time monitoring of passenger movement, operational analytics and future integration with other airport management systems.
The Authority assured passengers that data privacy remains a top priority, noting that the platform fully complies with the Nigeria Data Protection Regulation (NDPR). It added that no passenger information will be stored on self-service kiosks or handheld verification devices.
Ahead of nationwide deployment, FAAN and Verxid Technologies Limited will commence a comprehensive public awareness campaign through television, radio, social media, airport public address systems and airline advisories to educate passengers on the operation and benefits of the new platform.
A live Proof of Concept demonstration and technical site assessment will also be conducted before the system is fully rolled out across the country’s domestic airports.

FAAN said the initiative forms a key part of its broader digital transformation agenda and is expected to deliver smarter, safer and more efficient passenger processing while aligning Nigeria’s domestic airports with evolving global standards in aviation security and passenger facilitation.
AIRPORTS
FG Concessions Enugu Airport to Private Operator
Minister of Aviation and Aerospace Development, Festus Keyamo (centre), signs the concession agreement for the Akanu Ibiam International Airport during the official handover ceremony in Enugu on Tuesday.
The Federal Government on Tuesday formally concessioned the Akanu Ibiam International Airport to Aero Alliance Limited under a Public-Private Partnership (PPP) arrangement, marking what it described as a major milestone in the country’s airport modernisation programme.
The concession agreement was signed by the Minister of Aviation and Aerospace Development, Festus Keyamo, during a ceremony at the airport’s new terminal attended by senior government officials, aviation stakeholders and representatives of the private sector.
Speaking at the event, Keyamo said the concession ended more than two decades of unsuccessful attempts to attract private investment to the airport, attributing the breakthrough to the reform agenda of President Bola Ahmed Tinubu.
According to the minister, previous investors concentrated on airports in Lagos, Abuja and Kano, while Enugu and Port Harcourt attracted little interest.
He disclosed that the successful concession of Enugu had renewed investor confidence in Nigeria’s aviation sector, adding that Port Harcourt International Airport would also be concessioned within the next few weeks, while bids were already being prepared for three additional airports.
Keyamo commended the Governor of Enugu State, Peter Ndubuisi Mbah, for facilitating investor participation in the project, describing him as a key partner in bringing the concession to fruition.
Addressing concerns by aviation workers, the minister assured employees that their jobs and welfare would remain protected under the concession arrangement, although the airport would now operate under stricter efficiency and accountability standards.
He urged Aero Alliance Limited to justify the Federal Government’s confidence by delivering world-class airport management, noting that its performance would serve as a benchmark for future airport concessions across the country.
Keyamo also revealed that the Enugu State Government had signed a Memorandum of Understanding to facilitate direct flight services between Guangzhou and Enugu, a move expected to strengthen trade, tourism and investment in the South-East.
In his remarks, Governor Mbah described the concession as a major step towards transforming Enugu into a regional aviation, logistics and investment hub.

The ceremony concluded with the formal signing of concession documents, transferring the airport’s operational and management responsibilities to Aero Alliance Limited.
AIRPORTS
Keyamo Positions Lagos as Africa’s Next Aviation Hub
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, delivers his keynote address at the Invest Lagos 3.0 Summit in Lagos, where he unveiled plans to position the state as Africa’s next major aviation hub and investment destination on Monday
The Federal Government has intensified efforts to position Lagos as Africa’s leading aviation hub, with Minister of Aviation and Aerospace Development, Festus Keyamo, unveiling major infrastructure projects and investment opportunities aimed at transforming the city into a global gateway for air transport and commerce.
Speaking at the opening of the Invest Lagos 3.0 Summit in Lagos, Keyamo called on international investors to take advantage of the vast opportunities in Nigeria’s aviation sector, describing Lagos as the natural hub for regional and intercontinental connectivity.
The three-day summit, convened by Lagos State Governor Babajide Sanwo-Olu, attracted global investors, business leaders, policymakers and development partners. The event was chaired by Vice President Kashim Shettima and attended by governors from several states and other top government officials.
Highlighting Lagos’ strategic importance, the minister disclosed that about 67 per cent of all international air passengers entering Nigeria arrive through Lagos, reinforcing its status as the country’s foremost aviation gateway.
According to him, Lagos’ geographical location provides a significant advantage, placing major destinations in Europe, the Middle East, Southern Africa and South America within approximately six hours of flight time.
“Lagos is strategically positioned to become a major aviation hub connecting Africa with the rest of the world,” Keyamo said.
The minister revealed that President Bola Tinubu has approved a $500 million investment for the comprehensive reconstruction and modernization of the Murtala Muhammed International Airport, Lagos.
He said the project would transform the over 50-year-old airport into a world-class facility capable of competing with leading aviation hubs on the continent.
“This is an investment from the nation’s resources to create a modern airport that Nigerians will be proud of. Within the next twenty-two months, the transformation will be evident to all,” he stated.
Keyamo also announced plans to improve access to the airport through the extension of the Lagos rail network. He said the Federal Ministry of Aviation and Aerospace Development is working with the Lagos State Government to connect the rail line from Ikeja to the General Aviation Terminal, MM2 and the international terminal.
The rail project, he explained, will improve passenger movement, reduce travel time and strengthen Lagos’ position as a preferred destination for air travellers and investors.
The minister further assured investors of the Federal Government’s commitment to protecting investments and fostering a business-friendly environment, citing the successful resolution of a long-standing dispute involving a private airport investor as evidence of the administration’s support for private sector participation.
He urged investors attending the summit to explore opportunities in both federal aviation infrastructure projects and the proposed airport development along the Lekki corridor.

Keyamo expressed confidence that ongoing reforms and infrastructure investments would enable Lagos to rival some of Africa’s most established aviation centres while reinforcing Nigeria’s position as a leading destination for trade, tourism and investment.
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