The Federal Airports Authority of Nigeria (FAAN) has focused a 75 per cent enhance in its income because it integrates its new cashless coverage in additional factors throughout the airports.
Talking in the course of the launch of ‘Operations Go Cashless’ on the Murtala Muhammed Worldwide Airport, Lagos (MMIA) on Monday, the managing director of FAAN, Olubunmi Kuku, mentioned the authority had set the primary quarter of 2026 because the deadline for the company to go cashless totally.
The FAAN MD, who was represented by the Director, Public Affairs and Client Safety, Henry Agbebire, defined that the company is not only launching a brand new cost system but in addition reshaping the airport expertise and reinforcing its dedication to accountability, transparency, and excellence.
“We mission a 50 per cent enhance in income assortment at this pilot stage, rising to 75 per cent as we combine extra factors, to triple income throughout the first yr of full implementation.”
Kuku mentioned the extra funds could be strategically reinvested into additional infrastructural improvement throughout the airports.
Kuku mentioned the initiative, carried out in partnership with Paystack, would create a complete, cashless, and contactless cost resolution that will probably be deployed throughout all airports.
She mentioned the company would start the nationwide rollout with its flagship worldwide gateways: the Murtala Muhammed Worldwide Airport, Lagos, and the Nnamdi Azikiwe Worldwide Airport, Abuja.
Kuku mentioned that, efficient Monday, September 29, 2025, bodily money assortment could be phased out step by step in any respect the FAAN income factors, together with the airport entry gates, automobile parks, and VIP and protocol lounges.
She assured that the initiative would imply sooner, seamless, and safer transactions for passengers and a goodbye to delays and inconveniences related to money dealing with. She added that the transfer is a direct response to demand for contemporary, environment friendly, and world-class service.
“By considerably decreasing our reliance on bodily money, we’re constructing a system that’s inherently extra clear. Each transaction will probably be digital, traceable, and safe. This immediately enhances our income assurance capabilities, guaranteeing that each Naira as a result of Authority is duly collected and accounted for. This isn’t simply good for FAAN; it’s a testomony to our dedication to nationwide improvement and monetary accountability.
“Moreover, embracing these digital traits ensures that our airports stay aggressive and aligned with international greatest practices. We’re sending a transparent message to the world that Nigeria is open for enterprise, with infrastructure that meets worldwide requirements,” Kuku defined.
The MD mentioned skilled model ambassadors had been deployed at entry gates and terminal areas. Their position is to information passengers, help with onboarding, present reside demonstrations, and reply any questions passengers could have.
The director of Business and Enterprise Growth, Adebola Agunbiade, FAAN, mentioned the ‘Go-Cashless’ imaginative and prescient was constructed on 4 key pillars, which embrace considerably enhancing operational effectivity.
She disclosed that the coverage would cut back congestion and delays for a smoother passenger expertise, enhance income assortment and accountability, and align FAAN with international greatest practices for seamless airport entry and repair supply.
“We’re phasing out money transactions in any respect collaborating FAAN income factors. Our know-how associate, Paystack, has deployed contactless cost terminals at our entry gates, automobile parks and VIP lounges. Because of this every motorist and buyer will use their very own contactless card for cost. Human involvement in money assortment will probably be eradicated, thereby eradicating alternatives for income leakage and guaranteeing that each Naira is accounted for.
“The technological spine of this technique is strong. Paystack has designed a closed-loop system the place NFC card readers are seamlessly related to their cost infrastructure. Every faucet is immediately validated and authorised, guaranteeing reliability even in our high-traffic airport environments,” Agunbiade defined.
She disclosed that the airport’s entry gates in Lagos and Abuja report over 300 thousand vehicular entrances each month. Our VIP and Protocol lounges serve 1000’s yearly, and we imagine we will enhance the standard of service to our prospects once we can obtain funds conveniently and transparently.
