FAAN shuts Ibadan airport for upgrade
The Samuel Ladoke Akintola International Airport in Ibadan is undergoing a significant transformation aimed at elevating its status to international standards. This ambitious project, spearheaded by the Oyo State Government under the leadership of Governor Seyi Makinde, encompasses extensive upgrades to the airport’s infrastructure, including the construction of a new international terminal and the extension of the runway. These developments are poised to enhance the state’s connectivity, stimulate economic growth, and position Ibadan as a pivotal regional business hub.
Foundation Laid for New International Terminal
On January 31, 2025, Governor Makinde laid the foundation for the new international terminal at the Samuel Ladoke Akintola International Airport. This event marked the commencement of the second phase of the airport’s upgrade, following initial enhancements to the runway and other critical infrastructure that began in September 2024. The new terminal is designed to accommodate up to one million passengers annually, a substantial increase from the current capacity of 100,000. The project is being executed by Craneburg Construction Company Limited and is expected to be completed in the first quarter of 2026.
Comprehensive Upgrade Initiatives
The airport’s transformation is structured into two major phases. The first phase focuses on extending the runway to 3,000 meters, upgrading airport lighting, and enhancing fire service facilities. These improvements aim to meet international standards and regulatory requirements, enabling the airport to accommodate larger aircraft. The second phase involves constructing the new international terminal and additional infrastructure to support increased passenger and cargo traffic.
Economic Implications and Strategic Vision
Governor Makinde has articulated a clear vision for the airport’s upgrade, emphasizing its strategic importance in connecting Oyo State to the global market. By improving the ease of doing business and attracting investments in sectors such as agribusiness, manufacturing, and technology, the upgraded airport is expected to stimulate economic growth and development. The project, awarded to Craneburg Construction Company at a cost of N41 billion, underscores the administration’s commitment to leveraging infrastructure development as a catalyst for economic prosperity.
Collaborative Efforts and Stakeholder Engagement
The upgrade project has garnered support from various stakeholders, including the Federal Airports Authority of Nigeria (FAAN). Representatives from FAAN have commended the state government’s initiative, highlighting its potential to open new horizons of opportunity, growth, and connectivity. Additionally, the project’s groundbreaking ceremony witnessed the presence of representatives from various airlines and stakeholders, reflecting a broad-based commitment to the airport’s transformation.
Anticipated Benefits for Oyo State and Beyond
The enhanced airport facilities are expected to facilitate smoother trade operations and foster stronger business relationships with international partners. This development aligns with broader economic diversification strategies, aiming to reduce dependency on oil revenues and promote sustainable growth through infrastructure improvements and investment incentives. The improved infrastructure is anticipated to bolster various sectors, including real estate, hospitality, and retail, as businesses position themselves to capitalize on the increased flow of travelers and commerce. Punch+1Business Day+1
Conclusion
The ongoing upgrade of the Samuel Ladoke Akintola International Airport represents a transformative initiative with far-reaching implications for Ibadan and Oyo State at large. By enhancing the airport’s infrastructure and capacity, the project aims to position Ibadan as a significant player in the regional and global economy. As the construction progresses, the anticipated benefits in terms of economic growth, increased investment, and improved connectivity underscore the strategic importance of this endeavor.
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