NAHCO outlines ambitious growth plan, targets N300bn revenue by 2029

The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled a five-year transformation blueprint aimed at achieving a group revenue target of N300 billion by 2029.

This ambitious plan was highlighted by the Group Executive Director, International Business & Corporate Services, Dr. Sola Obabori, during the “Bell Ringing and Facts Behind the Figures” event at the Nigerian Exchange Limited (NGX) in Lagos.

Dr. Obabori emphasized that the company’s strategic focus is anchored on four core pillars: accelerating business growth, operational excellence, digital transformation, and fostering a dynamic organizational culture.

He noted, “We are committed to achieving specific performance goals by 2029, while simultaneously expanding our service offerings.”

Breaking down the revenue goals, Obabori projected the following milestones:

“the Company will achieved 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.”

The growth will be driven by key business segments, with Ground Handling expected to contribute N120 billion, Cargo Handling N40 billion, and NAHCO Logistics Services N36 billion. Other subsidiaries such as NAHCO Free Zone, NAHCO Commodities, Travel & Hospitality, and the Aviation Academy are projected to contribute N80 billion, N15 billion, N7 billion, and N2 billion, respectively.

Dr. Obabori stressed the importance of enhancing operational efficiency to sustain this growth trajectory, stating, “This projected growth trajectory compels us to prioritize operational efficiency and performance improvement.”

NAHCO’s Chairman, Dr. Seinde Fadeni, reassured investors of the company’s commitment to delivering value. “As a company that has consistently paid high dividends over the years, NAHCO will continue to seek higher dividends for its shareholders,” he said.

CEO of Nigerian Exchange, Jude Chiemeka, commended NAHCO for leveraging the NGX platform to enhance transparency and engage stakeholders. “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,” Chiemeka stated.

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