The designation of four airports in Nigeria as special economic zones will help harness the socio-economic benefits derivable from civil aviation.
It would also boost revenue generation and create avenues to mobilise local and foreign direct investment for overall growth of the economy.
The Ministry of Aviation made the observation in a statement issue by the Director, Public Affairs, Mr James Odaudu saying it would create avenues to mobilise local and foreign direct investment for overall growth of the economy.
Odaudu, stressed the necessity to highlight the inherent benefits of the designation and operation of the airports as special economic zones.
The four airports are the Murtala Muhammad International Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja; Port-Harcourt International Airport; and the Mallam Aminu Kano International Airports in Kano.
According to the Ministry, in its desire to address issues concerning taxation, custom duties and fiscal issues in the Nigerian Aviation industry which require a holistic solution, it had requested the Nigerian Export Processing Zone Authority (NEPZA) to designate the four major international Airports under NEPZA Act.
“The request was made so that the benefits of such zones can be accorded all airlines, airport operators, aviation support companies etc. that reside within the zones which the President noted, and approved.