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Tuesday, 17 June 2014

FAAN grows revenue by 17% through automation

*Airport The Federal Airports Authority of Nigeria, FAAN, has disclosed that its revenue increased by 17 per cent because of the recent automation carried out on the revenue sources of the agency.
FAAN General Manager, Corporate Communication, Mr Yakubu Dati, said there is transparency in the current automation .

According to him “There has been increase in the revenue of the agency since the introduction of the new automation system and it has been able to close loopholes through which funds that belong to the agency are siphoned by unscrupulous individuals.”

FAAN management further said the automation has ensured a steady progress in revenue collection, which is expected to rise up to N70 billion when the automation of all the airports is completed.

Mr Dati   further disclosed that the agency was largely kept in the dark by the automation carried out in the past because the concession model was handled by external company “in a black box to FAAN” and therefore was not transparent, but in the present automation the contractor deploys and maintains the equipment and software, but FAAN staff members are trained to operate and use the system.

“So we know every amount of money that is entering our accounts, even the financial transactions by our clients who run shops, restaurants are captured by the system, so there is full transparency because our staff are empowered for full visibility,” Dati said.

The FAAN spokesman also said in the past the invoices generated by the external company was customised accordingly, but the present automation electronic invoices are generated by the agency in a more efficient and effective manner and this means full ownership of invoicing process which enhances reconciliation.

Commenting on the automation , an executive member of Air Transport Service Senior Staff Association

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