President Bola Tinubu last week launched the Gateway Cargo International Airport in Iperu, Ogun State. He also unveiled two newly acquired aircraft for the state-owned Gateway Airline.
It includes an independent power supply, which Tinubu highlighted as a model for energy-resilient public infrastructure in Nigeria.
Senate President Godswill Akpabio led a high-profile delegation to the inauguration. He was joined by the Governors of Lagos, Borno, Niger, Taraba, Ondo, Oyo, Bayelsa, and Ekiti. Key officials like Wale Edun, Festus Keyamo, and Olayemi Cardoso also attended. This gathering signaled the administration’s plan to use local projects to validate the Renewed Hope Agenda.
‘Our investment is about our people,’ Tinubu said at the ceremony. ‘The infrastructure underscores our faith in our country, the belief that today’s foundation is for tomorrow’s prosperity.’ The president said the airport is part of a broader infrastructure pipeline that includes the Lagos-Calabar Coastal Highway, the Badagry-Sokoto Highway, a national rail modernization program, and the Presidential Compressed Natural Gas Initiative.
The airport’s launch comes as Tinubu’s administration enters what officials describe as a decisive execution phase of its reform agenda, following legislative approval of the N58.18 trillion 2026 Appropriation Bill. The budget, which the president described as a ‘hard reset,’ ends the long-standing practice of running overlapping multi-year budgets. Beginning April 2026, Nigeria will operate on a single budget and a single revenue cycle, with all previous capital liabilities closed out.
Tinubu’s economic team is currently navigating shocks from the US-Iran war. This conflict has pushed global oil prices to historic highs. While Nigeria benefits from higher crude export revenues, it still imports refined fuel at global rates. This creates a difficult dual exposure. The Dangote Refinery’s naira-for-crude policy has helped stabilize the domestic supply. However, global market volatility remains a major risk to national fiscal projections.
