• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NAHCO Targets N100bn Revenue In 5 Years, Creates New Jobs

by Yusuf Babalola
1 year ago
in Business
NAHCO
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Aviation Handling Company Plc (NAHCO), has announced its ambitious plan of diversifying its investment portfolio in order to create jobs and generate N100 billion revenue in the next five years.
Speaking over the weekend at the sidelines of the Annual General Meeting in Lagos, the group’s chairman, Dr Seinde Fadeni, said the company is determined to contribute significantly to resolving the country’s foreign exchange crisis.

Advertisement

Fadeni, however, stated that the company was exploring new areas of investment in order to trigger positive economic impact.

According to Fadeni, the company is convinced that the food export holds significant potential for foreign exchange earnings because of its impact on the livelihoods and prosperity of many Nigerians.
He said though the company is navigating safely around the myriad of challenges confronting the air transport space, he urged the government to look at ways to improve airport infrastructure to keep pace with the future growth plan.

He said industry stakeholders have an obligation to look at implementing policies that support sustainable aviation fuel .

He said, “ NAHCO believes that the government at the centre should work towards reducing the financial burden for airlines and passengers by reviewing applicable taxes. This way, more payees would be brought into the tax net. Not too long ago, the international Air Transport Association declared that Nigerian airports charge foreign airlines about 27 levies, and this discouraged airlines from flying into the country. This is not the kind of laurel Nigeria should be proud of. It is a disincentive to investment to both active and prospective investors.”

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

2 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

5 hours ago

“Government should address this situation, they should also heed the industry’s calls for the harmonisation of the regulatory environment, particularly at the ports in a way that aligns with global best practices. The nation’s Ease of Doing Business mantra should be in practice and not in theory only.”
Fadeni said as much as the company supports the Federal Government’s Renewed Hope Infrastructure Development Fund especially as it relates to the aviation industry and its plan to upgrade infrastructure at the airports, such a declaration should have overall industry impact.”

He said though the year 2023 was characterised with multiple cost related challenges, the increased cost of handling an aircraft cannot be easily passed on the airline by ground handling companies because any proposed hike in rates would require the approval of the industry regulator, Nigerian Civil Aviation Authority (NCAA).

He said, “The very act of getting new rates approved has its challenges as well. It is therefore not uncommon to see ticket prices rising geometrically while ground handling rates charged by service providers to airlines remain solidly stagnant.”

He spoke of plans by NAHCO to re – invest in it’s facilities to enable it retain its position in the ground handling and warehousing business.

Fadeni said, “ Our push towards birthing a global integrated logistic giant is taking good shape with the coming into operations of new subsidiaries.”

Also speaking, the group managing director, Indranil Gupta, said the company intends to diversify investment into other sectors of the economy to grow.

He said NAHCO will continue to invest in operational equipment to drive sustainable growth.

Gupta said, “ We will continue to leverage our strength and market insights to pursue organic and strategic growth initiatives to expand our market presence and revenue streams .

“We plan to comprehensively refresh our fleet of ground support equipment to replace ageing equipment and increase the numbers in our fleet to meet the ever increasing customer needs and expectations.

“We are already embracing digitalization and innovation, investing in cutting edge technologies and solutions to enhance our service offerings, operational efficiency and competitiveness. By harnessing the power of data analytics, automation and predictive maintenance , we aim to stay ahead of the industry trends and deliver superior value to our clients “


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: NAHCO
SendShareTweetShare
Previous Post

May 29: MDAs Tasked On Challenges, Accomplishments Reporting

Next Post

Stanbic IBTC Urges Youths To Imbibe Discipline, Dedication In Career Building

Yusuf Babalola

Yusuf Babalola

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Why Journalists Must Create Space For Real Conversations Across Divides

Shettima And The 2nd Term Brouhaha

Jigawa Earmarks N80m For Family Planning Services

APC Stakeholders Seek Power Shift To Kajuru

Hijrah Organisation Decries Prevalence Of Drug Abuse In Kwara

Commander Warns Officers, Soldiers Against Cannabis Use

Kwara North APC Guber Aspirants Chart Common Front For 2027

Friends, Associates Celebrate Gbenga Hashim @ 56

Gov Mutfwang Hails Anaba On NGE Election

Etsu Nupe Urges Agricultural Revolution, Youth Involvement

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.