✈️ NAHCO Targets ₦300 Billion Turnover with Strategic Diversification Plan
The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled an ambitious plan to achieve a ₦300 billion turnover within the next five years, backed by a comprehensive growth and diversification strategy.
At its Annual General Meeting (AGM) held over the weekend, shareholders were assured that the company’s evolving five-year plan would position NAHCO for sustainable expansion beyond aviation ground handling services.
2024 Financial Highlights:
• Dividend payout: ₦11.58 billion (₦5.94 per share)
• Up 134% from the ₦4.95 billion declared in 2023
• Reflects strong profitability and commitment to shareholder value
Strategic Vision & Operational Transformation:
Chairman, Dr. Seinde Oladapo Fadeni, affirmed that NAHCO is undergoing a transformational phase:
• Improved operating strategy
• Significant equipment upgrades
• Enhanced staff welfare
• Deepened investments in technical capacity and innovation
He noted that the 2024 performance is a preview of greater things ahead, and that the company is on track to sustain impressive growth toward its ₦300bn turnover goal.
“The year was one of tremendous progress, marked by significant achievements and a renewed sense of purpose across all facets of our operations.” – Dr. Fadeni
️ Key Milestones & Achievements:
Group Managing Director, Mr. Olumuyiwa Olumekun, highlighted notable accomplishments in the past year:
• Recertification of NAHCO operations in Lagos, Abuja, and Kano
• Commissioning of a state-of-the-art Export Packaging and Processing Centre in Lagos
These milestones enhance NAHCO’s service quality and capacity, particularly in cargo and export logistics
Looking Ahead:
NAHCO’s roadmap is centered on:
• Expanding into new non-core business segments
• Leveraging technology for operational excellence
• Strengthening its position as market leader in ground handling
The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled an ambitious plan to achieve a ₦300 billion turnover within the next five years, backed by a comprehensive growth and diversification strategy.
At its Annual General Meeting (AGM) held over the weekend, shareholders were assured that the company’s evolving five-year plan would position NAHCO for sustainable expansion beyond aviation ground handling services.
2024 Financial Highlights:
• Dividend payout: ₦11.58 billion (₦5.94 per share)
• Up 134% from the ₦4.95 billion declared in 2023
• Reflects strong profitability and commitment to shareholder value
Strategic Vision & Operational Transformation:
Chairman, Dr. Seinde Oladapo Fadeni, affirmed that NAHCO is undergoing a transformational phase:
• Improved operating strategy
• Significant equipment upgrades
• Enhanced staff welfare
• Deepened investments in technical capacity and innovation
He noted that the 2024 performance is a preview of greater things ahead, and that the company is on track to sustain impressive growth toward its ₦300bn turnover goal.
“The year was one of tremendous progress, marked by significant achievements and a renewed sense of purpose across all facets of our operations.” – Dr. Fadeni
️ Key Milestones & Achievements:
Group Managing Director, Mr. Olumuyiwa Olumekun, highlighted notable accomplishments in the past year:
• Recertification of NAHCO operations in Lagos, Abuja, and Kano
• Commissioning of a state-of-the-art Export Packaging and Processing Centre in Lagos
These milestones enhance NAHCO’s service quality and capacity, particularly in cargo and export logistics
Looking Ahead:
NAHCO’s roadmap is centered on:
• Expanding into new non-core business segments
• Leveraging technology for operational excellence
• Strengthening its position as market leader in ground handling