The Federal Airports Authority of Nigeria (FAAN) has started the promotion of a cashless policy to optimise its revenue collection and reduce leakages.
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The Managing Director of FAAN, Captain Rabiu Yadudu, said this during the House Committee on Aviation visit to the agency’s facilities at the Lagos Airport.
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Listing some of the steps to push this drive, Yadudu said the agency had suspended the procurement of non-essential items, reduced staff related cost and embarked on a debt recovery drive hampered by the COVID-19 pandemic.
The FAAN boss also disclosed that the new terminal under construction would be ready for use by February 2021.
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