Bi-Courtney Calls for Tax Relief as MMA2 Gains Recognition as Benchmark PPP Model

Nearly two decades after its inception as Nigeria’s first privately funded airport terminal under a Public-Private Partnership (PPP) arrangement, the Murtala Muhammed Airport Terminal Two (MMA2) in Lagos is being recognised as a model for infrastructure delivery. Its operator, Bi-Courtney Aviation Services Limited (BASL), is now urging the Federal Government to introduce tax reliefs and revive investment incentives to sustain the PPP framework and enable replication across the sector.

In an interview with *Daily Independent*, Mr. Kola Bamigboye, Acting Chief Operating Officer and Head of Space & Premises at BASL, stated that the terminal’s success has drawn international interest and legislative attention, validating the viability of well-structured PPPs in Nigerian aviation.

“We’ve shown the right path to conduct this model,” Bamigboye said. “We have grown from strength to strength for nearly two decades, expanding capacity across infrastructure, systems, and human capital, while maintaining global operational standards.”

He noted that MMA2’s track record has attracted foreign interest, citing a fact-finding visit from a Sierra Leonean government delegation in 2014 to understudy the PPP model. More recently, the terminal has been the subject of engagements with the House of Representatives Committee on PPP Concessions.

Bamigboye identified tax relief as a key policy ask emerging from those discussions. “Government can provide a concession period – say three years – where investors are not required to pay into government coffers, allowing them to stabilise and grow their businesses,” he explained.

He also called for the reinstatement of pioneer status incentives through the Nigeria Investment Promotion Commission (NIPC) and improved access to long-term financing from development institutions such as the Bank of Industry to support PPP investors.