Nigeria, June 9 -- President Bola Tinubu has approved the sum of $500 million for the modernisation of the Lagos airport, Minister of Aviation and Aerospace Development Festus Keyamo said on Monday.

The investment will go into upgrading infrastructures at the Murtala Muhammed International Airport, and support efforts to position Lagos as a major aviation hub in Africa, Mr Keyamo told participants at the opening of the Invest Lagos 3.0 Summit in Lagos.

"The president has approved $500 million, not what he borrowed, but from the sweat of the savings of the country to rebuild the airport in Lagos," he said.

"It is turning that airport that is 50 years old into a marvellous hub. You'll be very proud of what you see in Lagos in the next 22...