Entrepreneurng.com
Wednesday, April 22, 2026
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home News Business News

Gombe demands N10bn compensation for airport takeover

by Ikenna Ngere
December 23, 2022
in Business News, News
0
Gombe demands N10bn compensation for airport takeover
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Following the decision of the Federal Government to take over the Gombe International Airport, the state government has demanded N10bn as compensation.

Disclosing this after the 2023 budget breakdown, the state Commissioner for Finance, Muhammad Magaji, said it was only fair to get the amount due to Gombe State’s spending in bringing the facility to international standards.

The commissioner captured this under the comparative analysis of 2022/2023 capital receipts, where the Federal Government is expected to make reimbursement of N10bn, 11.4 per cent of the total capital receipt.

Magaji explained, “There is a Federal Government policy to take over airports from state governments because airports are also termed as security assets because we do not only use them for commercial reasons, they are also used for military purposes and because of the strategic nature of Gombe, placed at the centre of north-east with an airforce tactical base, the Federal Government felt the need to take over the Gombe Airport.

“So that it could serve dual purposes of commercial and military purposes and as such Gombe State has spent over N11b to put up the airport. It is a 3.5-3.6Km runway airport. It was built based on international standards; it was an expensive venture. So, of course, if the Federal Government is taking it, it is only fair for the Federal Government to reimburse the state government for the amount it has spent in erecting the airport that is why you see the N10b captured.”

Governor Muhammadu Yahaya of Gombe State had proposed N173.6bn, but later signed N176bn.

Magaji explained during the breakdown that the increment displayed the beauty of democracy.

“The executive did its bit and submitted to the legislature. The legislature has the power to determine the size. It worked in conjunction with us,” Magaji added.

SOURCE: PUNCH

Tags: airport takeoverdemands N10bn compensationGombe
Share197Tweet123
Ikenna Ngere

Ikenna Ngere

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

January 4, 2025
Applications Open: Nehemiah Davis' Greatness Grant 2025 (Up to $2,500 Available)

Applications Open: Nehemiah Davis’ Greatness Grant 2025 (Up to $2,500 Available)

February 23, 2025
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2
Solar Power Sparks Economic Revival in Nigeria

Solar Power Sparks Economic Revival in Nigeria

April 17, 2026
Kitchen Waste Turns to Garden Gold

Kitchen Waste Turns to Garden Gold

April 17, 2026

Kasyno online jakie metody patnoci s dostpne.1550 (2)

April 15, 2026
Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025