The Infrastructure Concession Regulatory Commission (ICRC) announced that the long‑standing concession dispute over Murtala Muhammed Airport Terminal Two (MMA2) in Lagos has been resolved, underscoring the commission’s commitment to upholding contractual agreements and providing a stable regulatory environment for investors.
In a statement delivered in Abuja on Sunday, ICRC Director General Dr Jobson Oseodion Ewalefoh said the settlement demonstrates that Nigeria respects the rule of law and honors public‑private partnership (PPP) contracts. He praised the President’s intervention as a decisive step that ended an impasse that had persisted across several administrations.
The dispute centered on differing interpretations of the PPP agreement between the Federal Airports Authority of Nigeria (FAAN) and the concessionaire, Bi‑Courtney Aviation Services Limited. Issues included exclusivity clauses and the development of competing or complementary infrastructure within the airport corridor. The resolution was achieved through a coordinated process involving the Federal Ministry of Aviation and Aerospace Development, the concessionaire, and the ICRC, which approved the revised framework in line with established PPP guidelines.
With restrictive provisions removed and the concession framework clarified, Ewalefoh said Nigeria can now pursue new aviation projects in Lagos, such as the proposed Lekki Airport and ancillary commercial facilities at existing terminals. He noted that the outcome “reinforces investor confidence in a predictable regulatory environment” and sends a clear signal to both local and foreign investors that policy stability and respect for agreements are upheld.
The commission highlighted the broader benefits of the settlement, including better utilization of airport infrastructure, improved operational efficiency, and increased revenue potential. “This resolution serves the interests of the government, the concessionaire, the investing community, and the Nigerian public who rely on modern, efficient infrastructure,” Ewalefoh added.
Ewalefoh reaffirmed the ICRC’s role in ensuring that future PPP arrangements adhere to established guidelines, emphasizing value for money, transparency, and the public interest. “The ICRC will continue to provide the regulatory guidance required to sustain this momentum, ensuring that future concessions are better structured, better managed, and better aligned with national development priorities,” he said.
The resolution of the MMA2 dispute marks a significant step toward strengthening Nigeria’s PPP framework and may pave the way for further investment in the country’s aviation sector.
