The Federal Airports Authority of Nigeria (FAAN) on Tuesday engaged its contractors and commercial banks on a collaborative parley with a view to exploring the best financing options, especially for Small and Medium Enterprises, handling its capital projects.
Speaking at the event in Lagos, the authority’s Managing Director, Engr. Saleh Dunoma, was quoted in a statement by the General Manager, Corporate Affairs, Mrs. Henrietta Yakubu, as saying that the forum was organized for the purposes of developing a financing mechanism which will optimize the cash flow of FAAN.
In addition, the forum will also enable the Authority to provide the much needed support to contractors, to enable them access opportunities for working capital enhancement.
Noting that investment opportunities abound in the industry, especially FAAN, Dunoma encouraged the banks and contractors to take advantage of these opportunities through constructive partnership in the overall interest of all.
Some of the key participants at the forum include the FAAN’s Director of Finance & Accounts, Mrs. Nike Aboderin,; her Human Resource counterpart, Mr Anozie Honorius; representatives of First Bank Plc, FCMB, Fidelity Bank, Union Bank, Zenith Bank, Access Bank, Polaris Bank, Tam Tam Nig Ltd, Inland Chips Nig Ltd, Pencks Ltd, amongst others.