The Federal Airports Authority of Nigeria has announced that the rollout of its new contactless payment system at Lagos and Abuja airports is expected to triple its revenue.

The Managing Director of FAAN, Olubunmi Kuku,
disclosed this on Monday during the pilot launch of “Operation Go Cashless” at the Murtala Muhammed International Airport, Lagos.

Kuku was represented by the Director of Public Affairs and Consumer Protection, Henry Agbebire.

Kuku explained that the initiative would strengthen FAAN’s non-aeronautical revenue assurance system, guaranteeing that all revenues due to the authority are fully collected and properly accounted for.

She noted that the move was not only beneficial to FAAN but also demonstrated the authority’s commitment to national development and fiscal responsibility.

According to Mrs. Kuku, reducing dependence on physical cash would create a more transparent system where every transaction is electronically traceable and secure.

“By embracing these digital trends ensures that our airports remain competitive and aligned with global best practices.

“We are sending a clear message to the world that Nigeria is open for business, with infrastructure that meets international standards, ” she said.

She added that FAAN had stationed trained brand ambassadors at access gates and terminal areas to support and ensure the smooth implementation of the new initiative.

“Their role is to guide you, assist with onboarding, provide live demonstrations, and answer any questions you may have,” she said.

The FAAN MD revealed that the FAAN Go Cashless Card is now available at all access gates in Lagos and Abuja airports, encouraging users to obtain, activate, and fund the card promptly.

“This launch is a critical milestone but it is not the final destination as FAAN remains steadfast in its commitment to continuous improvement.

“Following the successful implementation in Lagos and Abuja, we will systematically expand this cashless policy to all other airports nationwide in a phased manner, ” Kuku said.

She stated that beginning Monday, September 29, the collection of physical cash would be gradually phased out across all FAAN revenue points.

“These include our airport access gates, car parks, and our VIP and protocol lounges,” she said.

Mrs. Kuku stated that the initiative, launched in strategic partnership with Paystack, was made possible through the support of President Bola Tinubu and the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN.