The Federal Aviation Authority of Nigeria (FAAN) is proposing a budget of N101,673,038,972 for 2019 fiscal year.
Its Managing Director, Saleh Dunoma, told the Nkeruika Onyejiocha-led House of Representatives Committee on Aviation yesterday at the budget session that the proposal was an increase of 14.5 per cent over 2018 budget of N88,805,462,776.
Onyejiocha, in her opening remarks had warned the agencies and parastatals in the Aviation sector to ensure that all monetary reports are harmonised and presented to the Committee for proper documentation.
“We want to see everything in black and white.
In his presentation, Dunoma disclosed that a proposed 6.2 per cent in Capital Expenditure for 2019 would be largely for planned improvement in infrastructural development across the airports.
He however said the budget proposal was hinged on an anticipated brighter aeronautical and non-aeronautical revenue base for the year.
He said: “This is in anticipation of increase in passenger traffic as well as boost in the non-aeronautical revenue base of the Authority as already highlighted in the 2018 budget performance.