The Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, CON, FCIArb (UK), has stated that the signing of the Concession Agreement for the Jeremiah Obafemi Awolowo International Airport,Omagwa, Port Harcourt, marks a significant milestone in the Federal Government’s commitment to transforming Nigeria’s aviation sector through strategic partnerships, private-sector participation, and sustainable infrastructure development.
The Honourable Minister made this known today, 12th November, 2026, during the official signing ceremony held at the Minister’s Conference Room in Abuja.
In his remarks, the Honourable Minister noted that the approval for the concession of the Port Harcourt airport was granted by President Bola Ahmed Tinubu, GCFR, and the Federal Executive Council (FEC). He explained that the decision was necessitated by the need to address operational losses across several airports, noting that under the guidance of Mr. President, the Ministry successfully brought the initiative to fruition. He further emphasized that President Tinubu specifically directed that the welfare and job security of all aviation workers be fully protected throughout the concession process.
Festus Keyamo stated that the initiative reflects the Federal Government’s determination to reposition Nigeria’s aviation industry into a competitive, efficient, and globally recognised sector capable of driving economic growth, trade, tourism, and national development. He added that the concession arrangement is designed to leverage private-sector expertise, capital investment, and operational efficiency to upgrade and manage aviation infrastructure in line with international standards.
Speaking on behalf of the concessionaire, the Director of R28 Holdings, Mr. Eyo Asuquo, expressed profound appreciation to the Federal Government, particularly the Federal Ministry of Aviation and Aerospace Development, for the confidence reposed in his organisation.
He assured that R28 Holdings will transform the Jeremiah Obafemi Awolowo International Airport into a world-class facility that serves as a major regional aviation hub. “Our goal is to cater for all stakeholders and ensure seamless service delivery for every user of the facility,” he stated.
Mr. Asuquo described the signing as a landmark development for Nigeria’s aviation industry, noting that the agreement will pave the way for modernised infrastructure, enhanced operational efficiency, and an improved passenger experience. He pledged that the company will deploy its technical expertise, financial resources, and international best practices in the management and development of the airport in Omagwa, Port Harcourt, Rivers State.
Signed:
Chindaya Ahmadu, AA
Director, Press and Public Affairs
Federal Ministry of Aviation and Aerospace Development
