FAAN LAUNCHES CASHLESS POLICY AT ABUJA AIRPORT TO BLOCK REVENUE LEAKAGES
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By Aishat Momoh. O.
The Federal Airports Authority of Nigeria (FAAN) has officially launched its “Go-Cashless” policy at the Nnamdi Azikiwe International Airport, Abuja, as part of ongoing efforts to block revenue leakages and enhance operational efficiency across the nation’s airports.
The policy, which took effect on September 29, 2025, marks the beginning of FAAN’s plan to phase out physical cash payments at all revenue points, including access gates, car parks, and VIP lounges, by the first quarter of 2026.
FAAN’s Managing Director, Mrs. Olubunmi Kuku, said the initiative is designed to strengthen transparency, improve passenger experience, and increase the agency’s internally generated revenue.
Kuku, represented by the Director of Commercial and Business Development, Ms. Adebola Agunbiade, at the launch, noted that the transition to electronic payments would eliminate delays caused by manual transactions and reduce security risks associated with cash handling.
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“Effective September 29, 2025, we have started phasing out physical cash at all FAAN revenue points. The benefits are clear: faster processing, smoother passenger flow, and enhanced security since there’s no need to carry large amounts of cash,” she said.
She added that for FAAN and the nation, the move translates to optimised revenue collection, reduced leakages, and greater financial accountability.
According to Kuku, the first phase of the rollout covers access gates and VIP lounges, with plans to expand to all FAAN-managed airports nationwide in the coming months.
She revealed that FAAN expects a 50 per cent increase in revenue during the pilot phase and projects up to 100 per cent growth once the system is fully operational.
“The card is being activated for only FAAN-managed revenue points. Within this first pilot phase, we expect a 50 per cent increase in our revenue. By the time we go fully cashless, we anticipate between 75 and 100 per cent growth compared to current figures,” she explained.
Kuku further disclosed that about 300,000 motorists use FAAN’s access gates monthly between Lagos and Abuja, highlighting the significant revenue potential of the initiative.
She stated that by the end of the first quarter of 2026, FAAN aims to completely eliminate cash transactions at all its facilities, aligning with global best practices and supporting the Federal Government’s digitalisation drive in the aviation and transport sectors.
“We have given ourselves a six-month target. By Q1 next year, we will have totally phased out cash collections within the airport,” Kuku assured.
The Go-Cashless Initiative is part of FAAN’s broader strategy to modernise Nigeria’s aviation infrastructure, enhance efficiency, and ensure transparency in revenue management.
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