Field report SE-50 / K6 · sheet /deals
M&A & DealsFiled from the territory
Nigeria Signs Port Harcourt Airport Concession With Job Pledge
Nigeria has signed a concession deal handing Port Harcourt's Jeremiah Obafemi Awolowo International Airport to PH Airport Limited, with unions endorsing after job-security pledges.
- Grid
- SE-50 / K6
- Surveyed
- November 13, 2026
- Reading
- 3 min read
- Correspondent
- Priya Raman

Field notes
- Nigeria's federal government signed a concession agreement for Jeremiah Obafemi Awolowo International Airport, Port Harcourt, with PH Airport Limited.
- Aviation Minister Festus Keyamo signed for the government; PH Airport Limited was represented by group managing director Eyo Asuquo.
- Labour unions, through Comrade Ben Nnabue, endorsed the deal after assurances that no aviation worker would lose their job.
- NCAA Director-General Capt. Chris Najomo and FAAN Managing Director Mrs. Olubunmi Kuku attended the signing.
- The concession forms part of President Bola Tinubu's reforms to attract private investment into airport infrastructure.
Nigeria's federal government has signed a concession agreement for the Jeremiah Obafemi Awolowo International Airport in Port Harcourt, handing the facility to PH Airport Limited after organised labour endorsed the deal on the strength of guarantees that no aviation worker will lose a job.
The Minister of Aviation and Aerospace Development, Festus Keyamo, signed for the federal government. The concessionaire was represented by its group managing director, Eyo Asuquo. The signing followed a meeting between the minister and leaders of aviation labour unions, where the implications of the concession for workers were discussed at length before the parties put pen to paper.
What did the unions extract before signing?
Labour's backing was conditional. Speaking on behalf of the unions, Comrade Ben Nnabue said organised labour had endorsed the agreement only after receiving assurances that no aviation worker would lose his or her job as a result of the concession. He said the protection of workers' jobs remained a major consideration for the unions, adding that their approval rested on the assurances and commitments obtained from the federal government itself.
That endorsement matters. It clears the most obvious political obstacle to the deal, because concession agreements in Nigeria's aviation sector have historically triggered resistance precisely over retrenchment fears. The government wants private-sector investment in airport infrastructure, and it can't get that capital flowing while unions are fighting the process on the tarmac.
What does the concessionaire promise?
Asuquo's pitch is geographic before it is financial. Speaking at the event, he described Port Harcourt's strategic position in the Gulf of Guinea as a major advantage for the airport, noting its potential to serve as a gateway for regional commerce, investment and connectivity.
He said PH Airport Limited is committed to transforming the facility through three levers:
- infrastructure investment;
- improved operational standards;
- expanded economic activities around the airport.
According to Asuquo, the company's vision goes beyond taking over the airport's management. It plans to unlock the airport's economic potential, create more employment opportunities and strengthen its position as a major aviation and commercial hub. On the jobs question specifically, he was categorical: the concession would generate additional jobs rather than result in retrenchment, because increased investment and airport-related activities would create room for employment growth.
That claim directly addresses the unions' core concern. It also frames the deal as additive rather than substitutional — the concessionaire argues a busier, better-funded airport needs more staff, not fewer.
Who witnessed the signing?
The formal ceremony drew the sector's senior ranks. Attendees included:
- Capt. Chris Najomo, Director-General of the Nigeria Civil Aviation Authority (NCAA), the industry's safety regulator;
- Mrs. Olubunmi Kuku, Managing Director of the Federal Airports Authority of Nigeria (FAAN), the agency that currently runs the country's airports;
- ministry directors;
- leaders of the aviation labour unions.
The presence of both the regulator and FAAN's chief signals institutional alignment across the agencies that will have to make the concession work in practice.
Where does this fit in Tinubu's aviation policy?
The Port Harcourt concession is one piece of a wider programme. It forms part of the federal government's broader effort to attract private-sector expertise, investment and operational capacity into the management and development of the country's airport infrastructure — a shift away from direct state operation of terminals.
Under President Bola Ahmed Tinubu, the Ministry of Aviation and Aerospace Development has pursued reforms aimed at modernising airports, improving operational efficiency, strengthening institutional capacity and positioning the aviation sector as a driver of economic growth. Keyamo has been the public face of that agenda, and the Port Harcourt signing advances it.
The government expects the concession to deliver improved passenger experience, better airport services, increased investment and greater economic activity at the facility.
What happens next?
The agreement is signed. Labour has endorsed it. That leaves the hard part: implementation. The government and the concessionaire are now expected to focus on executing the investment and operational plans for the airport, and on converting the job-security assurances given to the unions into a verifiable record as the handover proceeds.
via leadership.ng (Source)
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