Key Points

• All FG airports insured by FAAN, ensuring nationwide aviation safety.

• Insurance covers airport infrastructure, assets, and operational liabilities completely.

• Assurance aims to boost confidence across Nigeria’s aviation sector operations.

The Federal Airports Authority of Nigeria (FAAN) has confirmed that all airports run by the Federal Government are fully insured. This is meant to reassure people who work in Nigeria’s aviation industry.

The agency said that the insurance covers all federal airports in the country, such as Murtala Muhammed International Airport in Lagos, Nnamdi Azikiwe International Airport in Abuja, Aminu Kano International Airport in Kano, and Port Harcourt International Airport.

FAAN says that the insurance fully protects facilities and operations, making sure that they meet both national and international aviation standards.

All FG airports have safety insurance

According to a report by Vanguard news, Olubunmi Kuku, the Managing Director of FAAN, said that the full insurance package is not just about protecting infrastructure; it’s also about protecting against operational risks and liabilities. The promise comes at a time when the aviation industry is more worried than ever about safety, maintenance, and long-term financial stability.

The authority said that getting this insurance coverage is in line with the government’s policy under the Ministry of Aviation and Aerospace Development, which is led by Minister Festus Keyamo, to protect national assets and make investors more confident in the sector.

FAAN said it knows that it needs to follow global best practices because aviation is such an important part of the economy.

Confidence in aviation grows with assurance

FAAN officials said that the insurance package covers risks that could happen during airport operations, like natural disasters, accidents, and third-party liabilities. The agency said that the insurance makes Nigeria’s adherence to global aviation safety standards stronger, especially those set by the International Civil Aviation Organization (ICAO).

FAAN is showing that it cares about both operational safety and financial responsibility by making sure that all of its facilities are insured. The move is also meant to make local and international airlines, service providers, and the millions of people who use Nigerian airports every year feel better.

FG airports are insured to meet international standards

Experts in the field, like retired aviation consultant Group Captain John Ojikutu, said that the move could make Nigeria more appealing to investors in aviation infrastructure and make the country’s airports better places for partnerships with global carriers. Analysts say that making sure airports are fully insured gives both domestic and international stakeholders more confidence.

FAAN also said that it will keep working with insurers like Leadway Assurance and regulators like the Nigerian Civil Aviation Authority (NCAA) to make sure that the coverage stays up to date with the risks that come with changes in the industry. The agency said that the insurance was part of a bigger plan to improve airport operations, protect government property, and make sure passengers are safe.

The announcement comes at a time when Nigeria’s aviation sector is going through a lot of changes, such as updating airport terminals, making passenger services more digital, and putting more emphasis on safety oversight. People who are involved in the aviation industry say that comprehensive insurance is an important part of making the industry stable and able to grow over time.