The Nigerian Aviation Handling Company Plc has announced a revenue target of N100 billion to be achieved within the next five years. This projection was shared by the Group Chairman, Dr. Seinde Fadeni, during the company’s Annual General Meeting in Lagos.
In order to reach this goal, NAHCO has outlined plans to diversify its investment portfolio, aiming to create new job opportunities and contribute significantly to addressing the country’s foreign exchange challenges. Established in 1979, NAHCO offers a wide range of aviation services, including cargo handling, aircraft services, passenger facilitation, crew transportation, refueling, and aviation training, operating from its base at the Murtala Muhammed International Airport.
Dr. Fadeni emphasized the potential of food export for boosting foreign exchange earnings and improving the livelihoods of Nigerians. He highlighted the challenges faced by the air transport sector and called on the government to enhance airport infrastructure, reduce financial burdens for airlines and passengers, and align regulatory frameworks with global standards.
He also brought attention to the need for tax reforms to make Nigerian airports more attractive to foreign airlines and investors. Dr. Fadeni stressed the importance of harmonizing regulatory environments and embracing industry best practices to facilitate ease of doing business and stimulate investment in the aviation sector.
Despite facing cost-related challenges in 2023, NAHCO aims to enhance operational efficiency, expand market presence, and increase revenue streams by diversifying investments and leveraging market insights. The company plans to refresh its fleet of ground support equipment, embrace digitalization and innovation, and invest in cutting-edge technologies to improve service offerings and maintain competitiveness in the industry.
