Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
    • Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
    • Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order
    • Fitch Affirms China at ‘A’ With Stable Outlook
    • Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
    • XRP Gains 4% as Ripple Sets $1bn Income Target for 2026
    • DOT – Polkadot Gains on T. Rowe Price Active Crypto ETF Approval
    • World’s First Trillionaire Shows Next Wave of Wealth Creation – CEO
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » We Relocated Headquarters to Lagos to Reduce Expenses – FAAN

    We Relocated Headquarters to Lagos to Reduce Expenses – FAAN

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJanuary 19, 2024 News No Comments3 Mins Read
    We Relocated Headquarters to Lagos to Reduce Expenses - FAAN
    Share
    Facebook Twitter LinkedIn Pinterest Email

    We Relocated Headquarters to Lagos to Reduce Expenses – FAAN

    The Federal Airports Authority of Nigeria (FAAN) on Thursday said that it relocated its corporate headquarters from Abuja to Lagos to reduce expenditures.

    This is contained in a statement in Abuja, by Mrs Obiageli Orah, Director, Public Affairs and Consumer Protection, FAAN.

    According to her, Mr Festus Kayamo, the Minister of Aviation and Aerospace Development, gave the order for the relocation, with a view to stopping the waste of public resources and rip-off on the public purse.

    She said that the FAAN Management with stakeholders, which also involved the Unions, agreed that the action was in the best interest of the authority and the country for now.

    “Those affected by the decision to move the headquarters to Abuja have since returned to Lagos as there is no office space for them in Abuja.

    “It was ill-advised in the first place to move the headquarters to Abuja when there was no single FAAN building in Abuja to accommodate all of them at once.

    “Having returned to Lagos, the Authority will be liable to pay them DTA because technically they are working out of station as their official posting is to Abuja,” she said.

    She noted that more than 60 per cent of the FAAN activities was in Lagos, given the huge passenger volume of the Lagos airports.

    “The Minister has rolled out plans to get concessionaires to build befitting offices for the Authority in Lagos and Abuja.

    “Until that is done, the authority will continue to manage its old building in Lagos that can accommodate all its directors and senior officials for now”, she also said.

    She added that Abuja would continue to have full operational offices as the FAAN had not scaled down operations in Abuja one bit.

    “It is just the technical decision of where the authority has its ‘corporate headquarters’ that has been taken without affecting the structure of operations as they are for now in both cities.

    “⁠In the near future, when befitting corporate buildings have been built for the authority in both Lagos and Abuja, a final decision will be taken as to the location of the permanent headquarters.

    “This will depend on the exigencies of the time,” she said.

    The director stressed that the FAAN was determined to continue to act in the best interest of the public and the country.

    She added that the minister was committed to taking decisions that are in the best interest of the country, especially as it concerned public funds, and would not yield to ethnic or sectional sentiments that would derail his commitment. #We Relocated Headquarters to Lagos to Reduce Expenses – FAAN#

    Gov. Otti Inaugurates Abia Global Economic Advisory Council

    FAAN
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    Fitch Affirms China at ‘A’ With Stable Outlook

    Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz

    XRP Gains 4% as Ripple Sets $1bn Income Target for 2026

    Add A Comment

    Comments are closed.

    Editors Picks

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    June 15, 2026

    Fitch Affirms China at ‘A’ With Stable Outlook

    June 15, 2026

    Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz

    June 15, 2026
    Latest Posts

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    June 15, 2026

    Fitch Affirms China at ‘A’ With Stable Outlook

    June 15, 2026

    Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.