Nigerian Aviation Handling Company (NAHCO) Plc has stated that its group revenue would hit N300 billion in 2029, following a five year business plan.
Group Executive Director, International Business & Corporate Services of NAHCO, Dr. Sola Obabori, stated this at the Company’s ‘bell ringing and facts behind the figures’ held on the floor of the Nigerian Exchange Limited in Lagos.
According to Obabori, “we are embarking on a five-year transformation journey to build a new NAHCO, centered around four key pillars; accelerate growth in business, differentiate with operational excellence, lead with digital and deliver a transformed people and culture.
“We are committed to achieving specific performance goals by 2029, while simultaneously expanding our service offerings.”
Speaking on revenue projection, the Director added that “the Company will achieve N38.49 billion at the end of 2024, N71.12 billion in 2025, N101.93 billion in 2026, N146.07 billion in 2027, N209.34 billion in 2028 and N300 billion in 2029.”
Obabori explained that the “Ground Handling will contribute N120 billion: Cargo Handling to contribute N40 billion, while NAHCO Logistics Services will contribute N36 billion.
“Others subsidiaries are NAHCO Free Zone, NAHCO Commodities, NAHCO Travel & Hospitality, Aviation Academy will contribute N15 billion, N80 billion, N7 billion and N2 billion.”
He added that “this projected growth trajectory compels us to prioritize operational efficiency and performance improvement.”
The Chairman of NAHCO, Dr Seinde Fadeni, stated that “as a company that has consistently paid high dividends over the years, NAHCO will continue to seek higher dividends for its shareholders”.
The CEO of Nigerian Exchange, Jude Chiemeka said, “NACHO has leveraged NGX platform to share its financial performance, operational development, strategic initiatives as well as providing timely and accurate information to enhance trust among the NGX members.”
