✈️ NAHCO Targets N300 Billion Revenue with Ambitious 5-Year Growth Plan
Nigerian Aviation Handling Company (NAHCO) Plc has unveiled a bold five-year transformational growth plan aimed at strengthening its existing operations, expanding into new markets, and hitting a revenue milestone of N300 billion by 2029.
Key Highlights from NAHCO’s Growth Strategy:
Revenue Targets:
The company projects steady revenue growth across its various business segments:
• 2024: N38.49 billion
• 2025: N71.12 billion
• 2026: N101.93 billion
• 2027: N146.07 billion
• 2028: N209.34 billion
• 2029: N300 billion
The breakdown includes contributions from:
• Ground Handling: N120 billion
• Cargo Handling: N40 billion
• NAHCO Logistics Services: N36 billion
• Free Zone Operations: N15 billion
• Commodities: N80 billion
• Travel & Hospitality: N7 billion
• Aviation Academy: N2 billion
Investment and Innovation:
• NAHCO is heavily investing in manpower and ground support equipment (GSE) to enhance service delivery.
• Plans to replace ageing equipment by 2026 are already underway.
• Emphasis on operational efficiency, digital transformation, and talent development as core pillars.
Resilience and Expansion:
• NAHCO has demonstrated resilience, thriving amid Nigeria’s challenging economic landscape and the global aviation industry’s recovery post-COVID-19.
• The company is expanding service offerings, including NAHCO Free Zone, Commodities, and other innovative ventures, to diversify revenue streams.
Shareholders’ Value:
• A consistent track record of high dividends has made NAHCO a shareholder favorite. The new plan seeks to further boost profitability to deliver even better returns.
️ What the Leaders Say:
• Dr. Seinde Fadeni (Chairman, NAHCO Plc):
“Our investments and emerging opportunities position us to achieve our ambitious revenue target of N300 billion within five years. NAHCO will continue to prioritize growth, innovation, and shareholder value.”
• Dr. Sola Obabori (Group Executive Director):
“This transformation is driven by four pillars: business growth, operational excellence, digital leadership, and a transformed culture. The African aviation industry’s resilience inspires us to innovate and adapt.”
• Jude Chiemeka (CEO, Nigerian Exchange):
“NAHCO’s commendable performance, including its N3.1 billion tax contributions in 2023, underscores its vital role in Nigeria’s economic growth.”
The Road Ahead:
NAHCO’s strategy emphasizes innovation, sustainability, and leveraging emerging opportunities to drive transformational growth. Investors and stakeholders can look forward to a redefined NAHCO that leads the industry in operational excellence and financial success.
Stay tuned as NAHCO embarks on this ambitious journey to create long-term value! ✨
Nigerian Aviation Handling Company (NAHCO) Plc has unveiled a bold five-year transformational growth plan aimed at strengthening its existing operations, expanding into new markets, and hitting a revenue milestone of N300 billion by 2029.
Key Highlights from NAHCO’s Growth Strategy:
Revenue Targets:
The company projects steady revenue growth across its various business segments:
• 2024: N38.49 billion
• 2025: N71.12 billion
• 2026: N101.93 billion
• 2027: N146.07 billion
• 2028: N209.34 billion
• 2029: N300 billion
The breakdown includes contributions from:
• Ground Handling: N120 billion
• Cargo Handling: N40 billion
• NAHCO Logistics Services: N36 billion
• Free Zone Operations: N15 billion
• Commodities: N80 billion
• Travel & Hospitality: N7 billion
• Aviation Academy: N2 billion
Investment and Innovation:
• NAHCO is heavily investing in manpower and ground support equipment (GSE) to enhance service delivery.
• Plans to replace ageing equipment by 2026 are already underway.
• Emphasis on operational efficiency, digital transformation, and talent development as core pillars.
Resilience and Expansion:
• NAHCO has demonstrated resilience, thriving amid Nigeria’s challenging economic landscape and the global aviation industry’s recovery post-COVID-19.
• The company is expanding service offerings, including NAHCO Free Zone, Commodities, and other innovative ventures, to diversify revenue streams.
Shareholders’ Value:
• A consistent track record of high dividends has made NAHCO a shareholder favorite. The new plan seeks to further boost profitability to deliver even better returns.
️ What the Leaders Say:
• Dr. Seinde Fadeni (Chairman, NAHCO Plc):
“Our investments and emerging opportunities position us to achieve our ambitious revenue target of N300 billion within five years. NAHCO will continue to prioritize growth, innovation, and shareholder value.”
• Dr. Sola Obabori (Group Executive Director):
“This transformation is driven by four pillars: business growth, operational excellence, digital leadership, and a transformed culture. The African aviation industry’s resilience inspires us to innovate and adapt.”
• Jude Chiemeka (CEO, Nigerian Exchange):
“NAHCO’s commendable performance, including its N3.1 billion tax contributions in 2023, underscores its vital role in Nigeria’s economic growth.”
The Road Ahead:
NAHCO’s strategy emphasizes innovation, sustainability, and leveraging emerging opportunities to drive transformational growth. Investors and stakeholders can look forward to a redefined NAHCO that leads the industry in operational excellence and financial success.
Stay tuned as NAHCO embarks on this ambitious journey to create long-term value! ✨