Airports Authority Defends New Cashless System

March 3, 2026

Nigeria’s airport authority on Tuesday defended its move to enforce electronic payments nationwide, saying the policy is designed to plug revenue leakages and improve accountability amid increased scrutiny of government agencies’ finances.

The Managing Director of the Federal Airports Authority of Nigeria, Olubunmi Kuku, told lawmakers that the transition to cashless transactions would ensure all revenues collected at airports are fully captured and remitted to the government.

“This initiative is about accountability and sustainability. We are ensuring that every kobo due to the Federal Government is collected without leakages,” she said after appearing before a House of Representatives finance committee reviewing agency revenues between 2023 and 2025.

Join our WhatsApp Channel

The enforcement of electronic payments at airport toll gates began this week, following months of public awareness campaigns and stakeholder engagement, Kuku said.

The move comes after years of concerns over revenue losses linked to manual cash collection systems, particularly at airport entry points, where under-reporting and diversion of funds have been reported by industry stakeholders.

Kuku acknowledged initial traffic congestion at some toll gates since the rollout, describing it as part of a transition phase as users adjust to the new system. She urged travellers to adopt available payment options, including contactless bank cards and pre-issued access tags, to ease delays.

READ ALSO:

FAAN MD Addresses MMIA Fire: Safety, Rescue, Containment Efforts

Fire Guts Section of Lagos Airport’s Old Terminal, FAAN Confirms No Casualties

FAAN to End Cash Transactions at Nigerian Airports From February 29

Authorities say the reform aligns with the federal government’s broader push towards a cashless economy and is expected to strengthen transparency while supporting long-term airport modernisation.

The policy is being implemented as parliament intensifies oversight of revenue-generating agencies, with lawmakers pressing for improved remittances into the national treasury.

+ posts

Prosper Okoye is a Correspondent and Research Writer at Prime Business Africa, a Nigerian journalist with experience in development reporting, public affairs, and policy-focused storytelling across Africa

Prosper Okoye

Prosper Okoye is a Correspondent and Research Writer at Prime Business Africa, a Nigerian journalist with experience in development reporting, public affairs, and policy-focused storytelling across Africa

Leave a Reply

Your email address will not be published.

Previous Story

Oyedele to Replace Uzoka-Anite as Finance State Minister

Next Story

DSS Detains Five Officers in Connection with El‑Rufai Airport Security Lapse

Featured Stories

Latest from News

Oyedele to Replace Uzoka-Anite as Finance State Minister

President Bola Ahmed Tinubu has nominated tax expert Taiwo Oyedele as minister of state for finance, replacing Doris Uzoka-Anite, in a cabinet reshuffle announced on Tuesday. Uzoka-Anite has been redeployed to the Ministry of Budget and National Planning as minister of state,

Trump Sanctions Rwanda Military Over DR Congo Conflict

US President, Donald Trump on Monday imposed sanctions on Rwanda’s defence forces and four senior military officials over their alleged role in the escalating conflict in eastern Democratic Republic of the Congo, calling for an immediate withdrawal from the volatile, mineral-rich region.
Previous Story

Oyedele to Replace Uzoka-Anite as Finance State Minister

Next Story

DSS Detains Five Officers in Connection with El‑Rufai Airport Security Lapse

Don't Miss

Messi, Lewandowski, Salah Nominated For FIFA’s Best Player Awards 

The trio of Lionel Messi, Robert Lewandowski and Mohamed

Tinubu Signs Investment and Securities Act 2025 Into Law: What It Means for Nigerians

President Bola Ahmed Tinubu has officially signed the Investment and