Nigeria: Cash Crunch Threatens FAAN's Operations

8 April 2016

Reduction in revenue sources and poor patronage occasioned by the nation's dwindling economy, have adversely affected the finances of the Federal Airports Authority of Nigeria (FAAN).

THISDAY investigations have revealed that the agency is finding it difficult to pay salaries and carry out other fiscal obligations because of its revenues that have plunged since late last year.

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