CEM REPORT, POWER| In a recent ministerial press briefing, the Minister of Aviation and Aerospace Development, Festus Keyamo, shed light on the significant financial burden faced by the Federal Government in powering the Murtala Muhammed Airport in Lagos.
According to Keyamo, the government spends a staggering ₦1 billion monthly on electricity for the airport. However, there’s hope on the horizon as the ministry explores cost-saving alternatives.
The High Cost of Power
Lagos airport, one of Nigeria’s busiest aviation hubs, consumes a substantial amount of electricity. Keyamo expressed concern over the hefty monthly bill and outlined the need for more efficient solutions.
He revealed that the ministry would bypassing power distribution companies (Discos) and directly purchasing electricity from generating companies (Gencos). By doing so, they aim to reduce costs and improve efficiency. Keyamo emphasized that this move would save the government approximately ₦300 million per month.
Solar Power: A Sustainable Solution
To address the financial strain, the Ministry of Aviation is considering a transition to solar power systems.
Keyamo stated, “We want to run our airports with solar, and that will save us so much every month.” By harnessing solar energy, the government can significantly cut down on expenses while promoting sustainability. The plan involves bypassing Discos and dealing directly with Gencos, ensuring a more cost-effective approach to powering the airport.
Nigeria Air Still Grounded Dreams
While discussing aviation matters, Keyamo touched upon the Nigeria Air project. Launched in 2023, the national carrier initiative faced controversy due to its ownership structure.
Ethiopian Airlines held a 49% equity stake, while a consortium of Nigerian investors owned 46%, leaving the Federal Government with only 5%. This arrangement raised concerns among stakeholders, who questioned the project’s authenticity and transparency.
The Suspended Dream
In August 2023, Keyamo announced the suspension of the Nigeria Air project. He clarified that it was never truly “Air Nigeria” but merely painted as such. Ethiopian Airlines, attempting to fly the Nigerian flag, was behind the project.
Keyamo questioned the logic of allowing a foreign carrier to represent Nigeria and stressed the importance of an indigenous airline. He firmly stated, “Air Nigeria must be wholly Nigerian, for the full benefit of Nigeria.” The existing ownership structure did not align with this vision, leading to the project’s indefinite suspension.
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If You Ask Me
As the government explores alternative energy sources and reevaluates aviation projects, the focus remains on efficiency, transparency, and national pride. The suspended Nigeria Air project serves as a reminder that true progress requires alignment with the country’s interests and aspirations. Keyamo’s commitment to a wholly Nigerian airline reflects the desire for sustainable growth and economic development in the aviation sector.
The Minister’s commitment to indigenous solutions underscores the importance of aligning national interests with progress.
