The Federal Airports Authority of Nigeria (FAAN) officially launched its Go-Cashless Policy yesterday at Nnamdi Azikiwe International Airport, Abuja, with plans to phase out cash payments at both Abuja and Lagos airports by March 2026.
The policy is projected to boost FAAN’s revenue collection by 50 percent during the initial phase, increasing to between 75 and 100 percent once the cashless system is fully implemented.
FAAN Managing Director, Olubunmi Kuku, who was represented by the Director of Commercial and Business Development, Ms. Adebola Agunbiade, revealed that since September 29, 2025, the authority began phasing out physical cash transactions at all revenue points—including access gates, car parks, and VIP lounges—to enhance passenger experience and reinforce FAAN’s commitment to transparency and service excellence.
Kuku emphasized that the move to cashless payments will ensure faster, more secure transactions while eliminating delays caused by cash handling.
She further explained that the rollout responds directly to increasing demands for modern, efficient, and world-class airport services.
Under the new system, airport users can make instant payments via the FAAN Contactless Card, which works across all airports managed by the authority with a simple tap.
“The card’s unified and accessible design allows a single balance to be shared across multiple registered cards, making it ideal for families or corporate accounts,” Kuku noted. “It is available to all users—including international travellers—and once registered, it is valid nationwide at all FAAN-operated airports.”
Cardholders will receive SMS notifications for every transaction, and can monitor balances through a secure online dashboard. In case of loss or theft, the card can be immediately blocked via the dashboard to safeguard funds.
To facilitate a smooth transition, FAAN has deployed trained ambassadors to assist users at key points.
Ms. Agunbiade explained that beyond enhancing passenger convenience, the initiative is a critical part of FAAN’s strategy to improve accountability and drive sustainable revenue growth.
She stated, “This initiative will create a transparent, traceable financial environment that aligns Nigeria’s airports with global best practices and strengthens our position as a reliable partner for international business.”
The initial pilot phase aims to increase revenue by 50 percent, with expectations of 75 to 100 percent growth upon full cashless implementation. “Our goal is to ensure 100 percent revenue collection for the Federal Government,” she added.
A one-time, non-refundable activation fee of N500 will be deducted when the card is activated.
