The Federal Airports Authority of Nigeria (FAAN) has announced a nationwide ban on cash transactions and plans to increase tariffs as part of a broader reform strategy. Speaking at an event in Lagos on Monday, FAAN’s Director of Commercial and Business Development, Adebola Agunbiade, said the move is aimed at modernising operations and improving revenue sustainability. Agunbiade revealed that 92 percent of FAAN’s current income is generated from aeronautical sources, with only 8 percent coming from non-aeronautical activities—far below the global average, where non-aeronautical revenues contribute over 40 percent in many developed countries. “We have to find the means to review our tariff in such a way that it’s not too much on you but it’s also helping us to pay our bills.” She stressed that FAAN would notify service providers early enough before implementing the tariff increase. “We have done it already; we will be putting out notices on it, but please rest assured that we will not be getting a review on a tariff that probably has been done too recently. “But we are reviewing our tariff, and we will also ensure that we notify you early enough so that you, as businesses, can plan towards it,” she said. On her part, FAAN’s Managing Director and CEO, Olubunmi Kuku, lamented the numbers of calls and enquiries from service providers on payment renewals and applications. “Automation makes it easier for you to track your payment. We’re going cashless and contactless in payments,” she stated.