FAAN Launches Contactless Payment Card, Targets 75% Revenue Growth

Date:

The Federal Airports Authority of Nigeria (FAAN) has launched its Airport Contactless Card, a digital payment system designed to enhance transparency, streamline transactions, and boost revenue generation by up to 75% as the agency transitions to a fully cashless operation.

Speaking during the official unveiling ceremony at the Nnamdi Azikiwe International Airport, Abuja, FAAN’s Managing Director, Mrs. Olubunmi Kuku, said the initiative marks a major milestone in the agency’s modernization drive.

Represented by the Director of Commercial and Business Development, Ms. Adebola Agunbiade, Kuku explained that the new payment solution is expected to deliver a 50% increase in revenue during its pilot phase, with projections of up to 100% growth upon full implementation nationwide.

“Within this first pilot phase, we expect to increase our revenue by 50%. By the time we go fully cashless, we anticipate a 75 to 100 percent growth,” Kuku said. “Our goal is to ensure 100 percent collection of all revenues due to the Federal Government.”

The Airport Contactless Card, which debuted in Lagos and has now been deployed in Abuja, is part of FAAN’s broader initiative dubbed “Operation Go Cashless.” The program aims to phase out all cash transactions at FAAN-operated revenue points—such as access gates, car parks, and VIP lounges—effective September 29, 2025.

According to FAAN, the ₦500 contactless card enables passengers to make secure, instant, and seamless digital payments, improving service delivery while fostering financial accountability.

Kuku added that the initiative aligns with global aviation standards and supports FAAN’s commitment to building a transparent, technology-driven, and financially sustainable airport system.

“This system ensures a traceable financial environment, enhances service efficiency, and positions Nigeria as a reliable international aviation hub,” she noted.

FAAN confirmed that the contactless system will be rolled out to other airports across the country in the coming months, as part of efforts to achieve world-class service standards and long-term financial sustainability.

Facebook Comments Box

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Latest

More like this
Related

[PHOTOS] Gov. Muftwang’s aide, Moses Nwan bags PhD, donates books to NOUN

Dr Moses Nwan, the Executive Private Secretary to Governor...

NANS @45: Barau urges students to back Tinubu for second term

      Deputy Senate President, Senator Barau Jibrin has called on...

Suspected Herders Kill Farmer in Oyo, Olubadan Summons Police Commissioner

Suspected herders have allegedly killed a 47-year-old farmer, Mutairu...

Scores Feared Dead in Jilli Airstrike as Terrorists Kill 18 in Zamfara

Scores of persons suspected to be members of the...

Firefighters Saves Seven Rooms, Five Shops in Ilorin Blaze

The Kwara State Fire Service says it prevented major...

Troops Rescue 12 Kidnap Victims in Plateau–Taraba Forest Operation

Troops conducting security operations in forest communities between Plateau...

Senate President Akpabio Connects US Embassy Actions in Nigeria to Iran Tensions

Senate President Godswill Akpabio has reacted to concerns over...

2027 Elections: ADC Confirms May 12 Inauguration of Newly Elected Officials

The African Democratic Congress has fixed May 12, 2026,...