Four Airports PPP Project

NIGERIA TRAFFIC OVERVIEW THE NIGERIAN AVIATION INDUSTRY HAS BEEN FACING MAJOR CHALLENGES DUE TO HIGH FUEL PRICES, LIMITED ACCESS TO FOREIGN CURRENCIES, AS WELL AS LOW AIRCRAFT UTILISATION AND HIGH MAINTENANCE COSTS TOTAL PASSENGERS LAGOS, PORT HARCOURT, ABUJA, KANO Domestic International Total Growth With 6.7 million passengers, Lagos Murtala Muhammed International 14.0 40% Airport is Nigeria's 35% largest airport, 12.0 followed by Abuja 30% Total Passengers, Millions 10.0 25% 20% 8.0 15% 6.0 10% Total Growth 5% 4.0 0% 2.0 -5% 0.0 -10% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 PASSENGERS, M 6.7 9.0 10.2 11.8 12.6 12.2 12.8 13.3 12.6 12.4 AIR NIGERIA O N Issues MMA2 Failure Nnamdi Azikiwe International Airport (4.2m). Despite the country's higher GDP per capita, Nigeria's propensity to fly is relatively low compared to other African countries. Route network out of the four airports is dominated by domestic services operated by Arik Air, Dana Air, Air Peace etc. Foreign airlines mostly focus on economic trade links, diaspora and Hajj markets. Source: FAAN FOUR AIRPORTS PPP Page 3

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