Business

We own the airports, foreigners should not dictate to us

Published

4 years ago

December 27, 2021

“Nobody can make you feel inferior without your consent.”

Some foreign busybodies have embarked on the attempt to treat Nigeria with the sort of contempt we don’t deserve – unless we allow them. We should firmly resist the attempt.

The issue at stake is the concessioning of four Nigerian International Airports – Abuja, Kano, Lagos and Portharcourt. Incidentally, they are probably the only four profitable airports in Nigeria today. The rest, whether owned by the federal or a state government, are losing money. Most of the state government owned airports have always been nothing more than great monuments to somebody’s ego kept going by governments at great costs. The FG cannot however touch them. Even the loss generating airports are untouchable. No private investors will touch them. That is the point of this article today. Government has called for bids from the private sector for the exclusive right to manage our “crown jewels” in the aviation sector.

Ordinarily, there would have been no objections from me. I have been a long term supporter of the idea of allowing the private sector to manage such businesses. They invariably do a better job. Examples include the operations of airlines, the GSM revolution and schools. Left to NITEL, Nigerians would still not have up to one million operating lines. There is no dispute here about privatisation being a better option most of the time. However, every rule has an exception which calls for taking a closer look.

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Airports represent one of those exceptions calling for prudent concessioning. With our airports, giving them to the highest bidders might generate more revenue immediately only to give Nigerians more pain in the long term. Even the financial considerations are complex rather than simple. Here are the reasons.

Very few cities in the world are like London which has two international airports – Gatwick and Heathrow. Every other international airport enjoys an unchallenged monopoly within a large area. And, we all know the financial advantages which monopolists enjoy with respect to charges for services. It is invariably a matter of “take it; or leave it”.

You frequently don’t need to be a brilliant manager once given a monopolistic situation to make money. By its very nature, it is almost like having a licence to print as much money as the public will allow you. Consumers have no alternative. Obviously, if we are embarking on such a move our charity should begin at home; not abroad. We should allow Nigerians to have the first opportunities to enjoy our four monopolies. Is this xenophobia? Yes, it is. It is financial xenophobia – to which I readily plead guilty. Foreigners don’t do us any favours. Why should we do them any?

Nigerians should also not allow themselves to be deceived by claims of superior expertise. Already, there are Nigerians managing airports – small and big. I don’t want to disclose names now; because meanings might be read into the message. But, they will present themselves at the right time once there is a national consensus that we should allow fellow Nigerians to manage our airports.

That is not all. Airports are strategic security assets. Right now, we determine who enters our airports. Hand them to foreigners and we no longer enjoy absolute control of the ports. That cannot by any stretch of imagination be in our own interest. The feeling in some quarters that we can allow citizens of “friendly nations” to operate the airports overlooks the fact that national interests can change an ally today to an adversary tomorrow. With our airport under their control, we would have placed our country in mortal danger on account of a short-sighted decision made by us.

The strategic positions of the four airports also should caution us. Kano, Lagos and Portharcourt are located within striking distances of all our oil and gas installations, as well as our industrial centres and military units. Our fellow Nigerians can at least be trusted not to betray us and allow incursions into our country from any airport.

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THE WAY FORWARD

“Ask not what your country can do for you; ask for what you can do for your country.” US President John Kennedy, 1917-1963.

There are several steps we can take to ensure that indigenisation of airport concession is a reality.

First thing we do, let’s advise all the Senior Advocates representing various foreign interests to forget the idea of seizing our airports for their clients. I am aware that the briefs could run into upper eight figures or lower nine. That is a lot of money for anyone – even Jeff Bezos – to forgo. But, there are some ideas whose time is past. Allowing foreigners to manage our airports is one of them.

Second, if they will not give up willingly, then the Nigerian people should force them to stop; not by violence. But, by rising up in the former three regions – East, North and South – and refusing to surrender our airports to non-Nigerians. Fortunately, this is a non-partisan issue. It is not an APC versus PDP matter; a North against South affair, it is not religious or ethnic. It involves all Nigerians irrespective of who they are. So, there should be no difficulty acting as a nation to make this happen.

Third, it is probably a wise idea to allow bidders from each of the three regions – East, North and West – to have the right of first refusal. That way, nobody feels cheated by the arrangement. I have deliberately left out Abuja for now. But, once the basic idea of indigenisation of airport concessions is accepted an innovative idea for the concession of Abuja will be presented.

Fourth, the advocacy must be led by the people. In 2022, all politicians will be totally engaged with 2023 elections. Unless the Nigerian people are alert to their responsibilities, we might wake up one day to be told that non-Nigerians have won the rights to manage our airports. By then revocation of concession agreements might be impossible; or, at least costly.

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Those of us old enough to remember should recollect what happened when Lagos state was mindlessly ordered to discontinue its metro line project in 1984 by the Federal Military Government. Millions of dollars were forfeited.

Any way we look at this matter, it is vital that we pre-empt the issue of foreigners taking over.

Finally, it is an established fact that people learn faster by doing things themselves than by observing others perform. We will never close any knowledge or skill or attitude gap by watching others doing things for us. Management of airports calls for accumulation of bodies of knowledge, skills and attitudes which can be learnt, mastered and eventually improved upon. We can only achieve global standards by rolling up our sleeves and doing things ourselves.

There is very little doubt in my mind that young Nigerians, male and female, if challenged can manage our airports up to world standards. They can master the sciences and the arts of airport management. Imagination is not lacking; neither is the desire and will. What has been lacking is the opportunity for them to do great things. Let us give them the chance now with our airports.

Vanguard

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Stanbic IBTC Insurance Wins Top Honour at CRe Africa Awards 2026

Published

1 day ago

April 24, 2026

Trends Admin

L-R: Managing Director, Lasaco Assurance Plc, Ademoye Shobo; Managing Director, Continental Re, Dr. Fatai Lawal; Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo; Josephine Ogundeji; Group CEO of Continental Reinsurance Holdings, Lawrence Nazare; Blessing Ifechukwude; Chief Executive, Stanbic IBTC Insurance Limited, Mr Jide Orimolade; Henry Uche; Chief Underwriting Officer – Facultative, Continental Reinsurance, Bashir Akinsiku

Stanbic IBTC Insurance Wins Top Honour at CRe Africa Awards 2026

Stanbic IBTC Insurance Limited has emerged as the overall winner of the CRe Momentum Award at the inaugural CRe Insurance Awards for Africa 2026, announced during the Continental Reinsurance CEO Summit held in Kigali, Rwanda, on April 17, 2026.

The prestigious award recognises insurers that demonstrate consistent growth, strong financial performance, and strategic impact across Africa’s insurance industry. Stanbic IBTC Insurance was singled out for its disciplined execution, strong commercial results, and highly effective bancassurance model, which has significantly driven its life insurance growth.

Judges at the awards noted that the company’s bancassurance strategy—leveraging banking platforms to distribute insurance products—remains one of the most efficient on the continent. The firm’s ability to combine innovation, customer reach, and operational efficiency has positioned it as a leader in Nigeria’s insurance market.

Beyond its growth metrics, Stanbic IBTC Insurance has built a reputation for prompt claims settlement, sound risk management, and customer-focused service delivery, further strengthening trust among policyholders and stakeholders.

In the same CRe Momentum Award category, Cornerstone Insurance Plc (Nigeria) secured second place, while La Générale des Assurances (Benin) finished third, reflecting strong competition among leading African insurers.

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In the Emerging Champions category, which celebrates fast-growing and innovative insurance companies, Agrails Ltd (Kenya) emerged winner, while Britam Connect (Kenya) came second.

The event also featured the 11th Pan-African Re/Insurance Journalism Awards, organised by Continental Reinsurance Plc, to honour excellence in reporting the insurance and reinsurance sector across Africa. A total of 184 entries from both Anglophone and Francophone countries were reviewed.

Uganda’s Isaac Khisa of The Independent Publications was named Overall Winner, also clinching the top spot in the English Print category for his report on Africa’s reinsurance market. Nigeria’s Josephine Ogundeji of Punch Newspaper was named first runner-up, while Ojeme Sunday of New Telegraph came second.

In the English Online category, Henry Uche of Daily Sun (Nigeria) emerged winner, followed by Isaac Khisa as first runner-up and Tendai Makaripe of 263 Chat (Zimbabwe) as second runner-up.

The English Broadcast category was won by Blessing Ifechukwude of Voice of Nigeria, with Mercy Tyra Murengu of Media Max Network (Kenya) and Samuel Nana Effah Obeng of GN Media (Ghana) finishing as first and second runners-up respectively.

Taurai Museka won the English Social Media category, while winners also emerged from Burkina Faso in the French category and Egypt in the Arabic category, highlighting the awards’ growing continental reach.

Additionally, Josephine Ogundeji received the Dr Femi Oyetunji Future Talent Award, while Mercy Tyra Murengu earned Special Recognition for her contribution.

Speaking at the event, Group CEO of Continental Reinsurance Holdings, Lawrence Nazare, said the inclusion of 10 new participating countries reflects the expanding influence of the awards across Africa. Chief Judge Michael Wilson also noted that the quality of entries continues to improve, making the selection process increasingly competitive.

Winners across categories received certificates, trophies, and cash prizes, with the overall winner earning $2,000, category winners receiving $1,500, first runners-up $1,000, and second runners-up $500.

The launch of the CRe Insurance Awards for Africa marks a significant step in recognising excellence, innovation, and leadership within the continent’s insurance ecosystem. Stanbic IBTC Insurance’s victory further reinforces Nigeria’s growing role as a hub for insurance innovation and life insurance expansion in Africa.

Stanbic IBTC Insurance Wins Top Honour at CRe Africa Awards 2026

Auto

Jetour Nigeria consolidates as sole authorised distributor, gets global market award

Published

2 days ago

April 23, 2026

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Jetour Nigeria consolidates as sole authorised distributor, gets global market award

Jetour Nigeria has consolidated its position as the exclusive representative of the Jetour brand in the country following its 2022 appointment by Jetour International.

The company said the move to clarify its exclusive status came after its successful hosting of the “Jetour Experience” in Lagos, where it unveiled its nationwide dealership structure and addressed lingering market ambiguity over distribution rights.

Since securing the mandate in 2022, Jetour Nigeria has led the importation, distribution, and provision of manufacturer-backed after-sales services for the brand’s full vehicle range in the country.

Its growing influence recently earned global recognition at the 2026 Jetour Global Conference, where the firm received the “Market Share Leadership Award 2025,” underscoring its dominance in the African market.

To strengthen nationwide service delivery, the company operates through a network of seven authorised dealers — Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, Germaine Auto Centre, R.T. Briscoe Plc, TAB Autos Limited, and Mandilas Motors.

These partners, according to the company, are the only entities authorised to sell and service Jetour vehicles in Nigeria.

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At the four-day exhibition held at the Podium Events Centre, the dealers provided product information and customer engagement services, reinforcing what the company described as a unified and regulated distribution ecosystem.

“The ‘Jetour Experience’ was more than a celebration; it was a statement of clarity,” noted a representative of Jetour Nigeria. “By bringing our seven authorized dealers together under one roof, we have shown the public exactly where the Jetour brand lives.

“Since our 2022 appointment, we have invested heavily in a structure that guarantees customers genuine parts, expert technicians, and valid warranties—benefits, only available through our official channels.”

The company also received a boost from the visit of Anguo Yuan, Vice President of Jetour International, who commended the Nigerian team for its rapid expansion and infrastructure investment.

Industry recognition has followed the brand’s growth, with awards including the Nigeria Auto Journalists Association’s New Entrant of the Year, Fastest Growing Auto Brand, and Car of the Year for the Jetour Dashing.

Jetour Nigeria said its current lineup — including the rugged T2, plug-in hybrid models, and the flagship G700 — reflects its commitment to innovation and market leadership.

It advised customers to engage only its authorised dealer network to guarantee access to genuine parts, certified service, and full manufacturer warranty coverage.

Jetour Nigeria consolidates as sole authorised distributor, gets global market award

Railway

Rail transformation on Abuja–Kaduna route excites NIPR delegates

Published

3 days ago

April 22, 2026

Trends Admin

L-R: Chairman, NIPR Akwa Ibom State Chapter, Dr Manasseh Umortte; Lagos State Chairman, Dr Samuel Ayetutu; Vice Chairman, Cross River Chapter, Amb. Deborah Grace Awatte (representing Dr Austin Mboso); Edo State Chairman, Dr James Wisdom Abholimen; Bayelsa State Chairman, Dr. Ebowari Wariowei, and Dr Mohammed Kudu Abubakar, Fellow, NIPR and Chairman Planning Committee, World Public Relations Conference, holding at Kaduna State, inside the NRC coach…on Monday.

Rail transformation on Abuja–Kaduna route excites NIPR delegates

Members of the Nigerian Institute of Public Relations (NIPR) have applauded the ongoing transformation of Nigeria’s rail system, describing it as a clear sign of renewed confidence in public transport under the leadership of Dr. Kayode Opeifa at the Nigerian Railway Corporation (NRC).

The commendation came on Monday as hundreds of NIPR members travelled aboard the Abuja–Kaduna train to attend the Institute’s Annual General Meeting in Kaduna.

The journey itself became a moving testament to the rail sector’s resurgence, with fully booked coaches buzzing with networking, reunions and professional camaraderie.

Delegates from across the country, particularly from the southern states, converged on Abuja before boarding the train alongside their counterparts from the Federal Capital Territory.

For many, the decision to travel by rail was both practical and symbolic—a vote of confidence in the improving fortunes of the NRC.

Inside the coaches, the atmosphere was said to be lively. Old colleagues reconnected, new relationships were forged, and passengers commended the professionalism and efficiency of NRC staff.

Many described the experience as seamless and refreshing, noting that with the right leadership, public institutions can deliver quality service.

While praising the progress recorded so far, the NIPR members called on the Federal Government to deepen investment in rail infrastructure.

They stressed that sustained funding is critical, given the capital-intensive nature of railway operations, and expressed confidence that such investments would yield strong economic returns.

Among dignitaries on board were the Olumobi of Imobi-Ijesha, Oba Dr. Jacob Adetayo Haastrup; President of the Broadcasting Organisations of Nigeria, Chief Tony Akiotu; and media veteran, Dr. Mohammed Kudur Abubakar.

Oba Haastrup particularly commended President Bola Tinubu for appointing Opeifa as NRC Managing Director, noting that his performance within a year highlights the corporation’s potential as a driver of economic growth.

Lagos NIPR Chairman, Dr. Samuel Ayetutu, said the coordinated rail trip was also influenced by safety considerations and served as a deliberate endorsement of the NRC’s ongoing reforms.

He urged the government to extend rail connectivity to more parts of the country, providing Nigerians with reliable alternatives to road travel.

The NRC delegation to the conference was led by its Chief Public Relations Officer, Mr. Callistus Unyimadu, alongside the MD’s Special Assistant on Media and Communication, Mr. Yinka Aderibigbe.

The Kaduna conference, which runs until April 24, is expected to equip communication professionals with fresh insights and innovations in public relations practice.

It also serves as a precursor to the World Public Relations Conference scheduled to hold in Abuja later this year, where global stakeholders will converge to address emerging challenges in the profession.