The Federal Airports Authority of Nigeria (FAAN) has reaffirmed February 28, 2026 as the deadline for cash transactions for all services nationwide.
The Director of Public Relations and Consumer Protection, Henry Agbebire, revealed this to newsmen in a statement on Thursday.
FAAN said that the reaffirmation became necessary after executives of the various aviation unions visited the FAAN management to seek clarification on the cessation of cash transactions at airports on Wednesday.
The unions represented were the National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), and Association of Nigeria Aviation Professionals (ANAP).
Agbebire said the engagement provided an opportunity for robust dialogue, reflecting FAAN’s open-door policy and commitment to inclusive stakeholder consultation.
The Managing Director of FAAN, Olubunmi Kuku, expressed the resolve to fully implement a cashless system across all airports’ payment points nationwide.
Kuku emphasised that the transition to a cashless system is not only in line with global best practices in aviation management, but also consistent with the directives of the Federal Government.
She added that the directive was aimed at enhancing transparency, accountability, and operational efficiency.
She referenced a Treasury Circular dated November 24, 2025, issued by the Office of the Accountant-General of the Federation and signed by the Accountant General, Shamseldeen Ogunjimi.
Also Read:
- Kvaratskhelia hopes to fire PSG past Bayern into final
- Lawyers decry absence of clear legal framework for skit makers in Nigeria
- Alleged N1.6bn money laundering: EFCC re-arraigns Bauchi AG, BDC operator
- SMEDAN raises concern over low MSMEs participation in support programmes
- Despite N85.13trn trade boost, manufacturers decry low export share
She noted that the circular mandated the cessation of cash transactions in all government dealings.
Kuku also said that the directive followed the approval of the Federal Executive Council for Ministries, Departments and Agencies (MDAs) to discontinue physical cash collections and payments as part of broader public finance reforms.
She said: “There is no going back on this decision.
“The cashless initiative aligns FAAN with national financial management reforms, while positioning Nigeria’s airports for greater operational integrity, improved service delivery, and stronger revenue assurance.”
Kuku noted that the reform also forms part of FAAN’s broader strategic agenda to deepen stakeholder engagement.
According to her, this will foster transparency, build trust, and ensure that partners, unions, concessionaires, and service providers are carried along in key operational decisions.
She added that by proactively engaging NUATE and other critical stakeholders, FAAN would continue to demonstrate that institutional reforms and stakeholder collaboration must go hand in hand.
The FAAN boss highlighted the benefits of a cashless system to the aviation ecosystem, including reduction in leakages, improved transaction traceability, faster service delivery, and enhanced public confidence in airport operations.
She addressed concerns raised about the use of Paystack as a third-party platform, clarifying that it merely serves as a payment gateway for processing transactions.
She assured stakeholders that no revenue is paid into any Paystack account as all payments are made directly from Point of Sale (PoS) terminals into designated Federal Government accounts.
At the end of the engagement, the union members expressed satisfaction with the explanations provided and acknowledged that the implementation framework is both tenable and practical.
