UBA GMD calls for public-private partnership to accelerate economic growth

Oliver Alawuba, group managing director (GMD) and chief executive officer (CEO) of United Bank for Africa (UBA), has called for public-private partnership (PPP) to accelerate economic growth.

Alawuba spoke on December 20 during the launch of the newly renovated departure section of the Murtala Muhammed International Airport (MMIA), Lagos, refurbished by UBA.

According to a statement on Sunday by the bank, the project, which signifies a transformative moment in Nigeria’s aviation sector, shows UBA’s commitment to national development, highlighting the immense value of strategic PPPs.

The ceremony was attended by stakeholders, including Festus Keyamo, minister of aviation and aerospace development, and Olubunmi Kuku, managing director of the Federal Airports Authority of Nigeria (FAAN).

Alawuba commended the collaboration that led to the execution of the project, emphasising the need for public and private institutions to come together to build and revamp the nation’s assets.

“This renovation is a testament of UBA’s belief in the transformative power of investing in national assets. By modernising our airports, we not only enhance infrastructure but also position Nigeria as a global hub for tourism, trade, and investment,” he said.

“Public-private partnerships like this demonstrate what can be achieved when we unite for a shared vision of progress and investing in infrastructure catalyses economic growth, improves travel experiences, and creates opportunities across various sectors of the economy.

“The commissioning of the renovated departure section serves as a reminder of what strategic partnerships can achieve in driving national development and elevating Nigeria’s global standing.”

‘A LANDMARK ACHIEVEMENT’

While commissioning the project, Keyamo commended UBA for executing the project — a feat he described as a landmark achievement in Nigeria’s aviation sector.

“This renovated departure section exemplifies the bank’s commitment to elevating aviation infrastructure, improving passenger experiences, and fostering international partnerships. It is a proud moment for the ministry and all stakeholders involved, and I thank the management of UBA for pioneering this initiative,” he said.

The minister highlighted key achievements of his ministry, including compliance with the Cape Town Convention, the unveiling of a consumer protection portal, and advancements in major infrastructure projects, such as the second runway at Abuja airport and solar energy integration in airport operations.

On her part, Kuku thanked UBA and other stakeholders for their contributions.

“This project reflects FAAN’s dedication to delivering world-class aviation infrastructure,” she said.

“The enhanced departure section not only elevates passenger experiences but also strengthens Nigeria’s competitive position in global aviation.”

Kuku called for increased private-sector participation, emphasising that “partnerships like these are essential to transforming the aviation sector into a beacon of excellence”.