Jobson Ewalefoh, director-general of the Infrastructure Concession Regulatory Commission (ICRC), has commended President Bola Tinubu for resolving the long-standing concession dispute involving the Murtala Muhammed Airport Terminal Two (MMA2) in Lagos.
In a statement issued on Sunday in Abuja, Ewalefoh said the move underscores the administration’s commitment to contract sanctity and signals improved investor confidence in Nigeria’s public-private partnership (PPP) framework.
He noted that the resolution sends a positive signal to both local and foreign investors about the country’s credibility as an investment destination, stressing that respect for contractual agreements remains critical to a stable and predictable business environment.
According to him, the dispute—between the Federal Government, through the Federal Airports Authority of Nigeria (FAAN), and Bi-Courtney Aviation Services Limited centred on the implementation of PPP terms, including exclusivity provisions and the development of competing infrastructure within the same airport corridor.
Ewalefoh described the resolution as a significant policy step, noting that it ends a dispute that spanned multiple administrations and restores clarity to the concession framework.
He added that the process involved coordination among the Federal Ministry of Aviation and Aerospace Development, Bi-Courtney Aviation Services Limited, and the ICRC, which provided regulatory concurrence in line with PPP guidelines.
The ICRC boss said the removal of restrictive provisions creates room for new aviation infrastructure projects in Lagos, including the proposed Lekki Airport and related commercial developments.
He further stated that the outcome highlights the federal government’s capacity to resolve complex contractual issues, thereby strengthening regulatory certainty and supporting long-term investment planning.
Ewalefoh also acknowledged the role of Festus Keyamo Aviation Minister, in facilitating the resolution and commended stakeholders for their collaboration.
He reaffirmed the commission’s commitment to ensuring PPP arrangements deliver value for money, transparency, and alignment with national development priorities.
