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FAAN Reports Positive Gains in Cargo Revenue and Efficiency

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FAAN

FAAN cargo reforms boost operational efficiency and revenue, with improved collection and blocked leakages at major Nigerian cargo terminals

The Federal Airports Authority of Nigeria has reported significant improvements in cargo operational efficiency and revenue performance following strategic reforms by its Cargo Development and Services Directorate.

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Also read: FAAN Begins N712bn Overhaul of Lagos International Airport

The announcement was contained in a report released by FAAN on Monday.

The report highlights that relocating operational staff and revenue-collection desks back into cargo warehouses, alongside enhanced monitoring of unaccompanied luggage, has effectively blocked revenue leakages previously affecting cargo operations.

FAAN said the reforms have had a notable impact on the Nigerian Aviation Handling Company Plc and Skyway Aviation Handling Company cargo warehouses, strengthening revenue assurance despite a decline in cargo throughput in 2025 compared with 2024.

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The agency also indicated that revenue collection efficiency improved significantly during the period, reflecting the effectiveness of the operational adjustments.

Several initiatives are underway to consolidate these gains, including a courier revenue optimisation framework.

Also read: FAAN Cashless Payments Start at Lagos, Abuja Airports

This will introduce a per-kilogramme charging model for courier operators, replacing the current system based on total shipment weight, which FAAN says will close loopholes and further enhance revenue generation.

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The Accountability of Thought: A Debt I Owe Chris Asoluka, By Max Amuchie

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Chris Asoluka

Chris Asoluka tribute reflecting on mentorship, intellectual discipline, and the promise to continue writing inspired by the late economist

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