FAAN Bans Cash Payments, Plans Tariff Hike at Airports
The Federal Airports Authority of Nigeria (FAAN) has banned cash transactions and announced plans to increase tariffs across airports.
The move aims to modernize operations and shift toward a more balanced revenue model, as only 8% of FAAN’s income currently comes from non-aeronautical sources. FAAN assured stakeholders of early notice before implementing tariff changes.
