The Federal Airports Authority of Nigeria (FAAN) is ushering in a bold new phase in airport operations — cash transactions are officially out, and tariff adjustments are on the way.
Speaking at an industry stakeholder event in Lagos, Adebola Agunbiade, FAAN’s Director of Commercial and Business Development, announced the twin policy changes. She emphasized that the shift is aimed at modernising FAAN’s revenue systems, improving transparency, and helping the agency keep pace with international airport standards.
“Currently, 92% of our revenue is from aeronautical sources,” Agunbiade noted. “Globally, non-aeronautical income accounts for over 40%. We must change that.”
She revealed that cash payments will no longer be accepted across all Nigerian airports, and that a pricing review is imminent — though with fair warning to airport vendors and service providers
Agunbiade reassured attendees that the new tariffs will be adjusted “in such a way that it’s not too much on you, but also helping us pay our bills,” and noted that stakeholders will receive early notifications to allow proper financial planning.
Backing this initiative, FAAN’s Managing Director and CEO, Olubunmi Kuku, reaffirmed that the authority is embracing full automation and contactless payments.
“We’re going completely cashless. Automation makes it easier for you to track your payments. Too many service providers call about renewals and applications — we need to eliminate that confusion.”
Kuku stressed that this move isn’t just about tech for tech’s sake, but a step toward greater efficiency, revenue accountability, and ease of doing business.
What’s Next?
As FAAN pushes toward global standards, industry players and frequent travelers alike should expect a more streamlined, transparent airport experience — but also prepare for likely cost increases.
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