Walter Schnaubelt, MP, Minister for Transport & Civil Aviation today announced the commencement of a special enterprise review into the affairs of the National Airports Corporation.
This review is in line with the Marape – Rosso Government’s drive to restoring stability and enhancing operational efficiency, regulatory compliance and financial sustainability at the NAC.
As Minister for Transport & Civil Aviation and one of the trustee shareholders of the NAC, I am pleased that this important review has commenced. It is being carried out by a top globally reputable professional services firm and will run for a month. Its findings and recommendations will be tabled in NEC.
It will cover legislative and regulatory frameworks that the organisation operates under, look into the issues causing high director and executive turnover, propose a fit for purpose organisational structure, procurement of goods & services, revenue collection and business sustainability and project implementation review.
The objective is to identify the root causes of the issues causing instability at the NAC and recommending corrective actions for implementation by government and the NAC Board.
I have been very serious in my endeavour to improve the NAC, and will ensure that the recommendations on corrective actions are implemented in a structured and sustainable way stated the Minister.
He further pointed out that this will minimize instability at NAC, improve corporate governance, enhance fraud prevention culture, refocus the organization on its core mandate of safety & regulatory compliance, ensure a lean, mean and cost-effective structure that enhances corporate governance, implement strategies to reduce/mitigate risks to regulatory compliance and lay the foundation for business growth and sustainability.