All FG managed airports are insured – MD FAAN

Olubunmi Kuku the managing director, Federal Airports Authority of Nigeria (FAAN) has debunked claims made by Edward Boyo, the founder and CEO of Overland Airways that Nigerian airports are not insured.

Boyo who spoke on Tuesday during the 5th CHINET Aviacargo Conference at the 21st Akwaaba African Travel Market at Eko Hotel, Lagos had said that FAAN’s failure to insure airports across the country has had a detrimental impact on domestic airline operations.

Boyo urged the National Insurance Commission (NAICOM) to engage with the relevant authorities to ensure that all airports in Nigeria are properly insured, lamenting that poor airport infrastructure has resulted in significant damage to aircraft, with airlines bearing the financial burden.

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In response, Kuku in a statement on Wednesday said that all federal government’s airports managed by FAAN are insured with the insurance up to date.

“Derubberization and runway hygiene has been intact; records are available. Only area I would concur are habitation and community issues that have impacted the wildlife/bird strikes and we have been working closely with relevant stakeholders to control,” she stated.

According to Kuku, the historical runway issues based on structural and engineering issues on some of the runways along with those exceeding their lifespan are being corrected gradually with complete overhauls and maintenance.

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ByIfeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.