The Vice President, Yemi Osinbajo, on Monday said the Federal Executive Council, FEC, has approved the concessioning of the Lagos and Abuja International Airports for better management.
Osinbajo said this in Abuja at the fifth Presidential Quarterly Business Forum aimed at improving the ease of doing business in Nigeria. He, however, did not name the concessionaires.
He said the airports needed to be overhauled as they lacked basic facilities as most of the available ones were dilapidated.
He said for the economy to be improved, the private sector needed to be involved in many ways.
The vice president said a lot needed to be done in the whole process to ensure that what needed to be done was done to guarantee change and improve the economy.
He, however, said change was always slow but that the nation must remain focused to achieve the required objectives.
He said the regulators of all the sectors of the economy should ensure that they were facilitators to the ease of doing business initiative and not obstacles to the growth being sought for.