NAHCO Targets N100 Billion Revenue In 5 Years.

Nigerian Aviation Handling Company Plc says it has set an N100 billion revenue target within the next five years.

The projection was made known by the Group Chairman of the company, Dr. Seinde Fadeni, on the sideline of its Annual General Meeting held in Lagos, adding that, it had concluded plans to diversify its investment portfolio to create new jobs and contribute significantly to resolving the country’s foreign exchange crisis.

NAHCO which was established in 1979, provides aviation cargo, aircraft handling, passenger facilitation, as well as crew transportation, refueling and aviation training services from its base at the Murtala Muhammed International Airport, and 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 Nigerians.

He also 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 and reduce the financial burden for airlines and passengers to keep pace with the future growth plan.

Also speaking, its Group Managing Director and Chief Executive Officer,  Indranil Gupta, said the company intends to diversify investment into other sectors of the economy to grow and will continue to leverage our strength and market insights to pursue organic and strategic growth initiatives to expand our market presence and revenue streams.