Nigeria’s major airports are set for a transformation, thanks to the approval of President Bola Tinubu Renewed Hope Infrastructure Development Fund.
The initiative aims to revitalize crucial sectors like agriculture, transportation, ports, aviation, energy, healthcare, and education.
According to Ajuri Ngelale, the Special Adviser to the President, targeted investments will lead to comprehensive refurbishments at airports, including upgrades to terminal facilities, runway expansions, and the integration of advanced technologies for safety and efficiency.
The RHIDF will not only spur growth but also boost local value addition, generate employment, and drive technological innovation and exports.
It will utilize various investment strategies, including direct project financing, public-private partnerships, and equity investments.
President Tinubu has also approved the merger of the Presidential Infrastructure Development Fund (PIDF) into the RHIDF to streamline operations and accelerate project delivery.
The President emphasizes a balanced national approach, ensuring every Nigerian benefits from these initiatives.
The RHIDF will focus on agricultural infrastructure, port revitalization, road, and rail development to modernize transportation networks and enhance connectivity and efficiency nationwide.
