NAHCO five-year growth plan aims to raise revenue to ₦300bn by 2029 through aviation, logistics, hospitality, and cargo diversification strategies

NAHCO five-year growth plan has been unveiled with a bold ambition to grow its revenue from ₦53.54 billion in 2024 to a powerful ₦300 billion by 2029.

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The Nigerian Aviation Handling Company Plc (NAHCO), a top player in aviation ground handling and logistics services in West Africa, disclosed this strategy at its Annual General Meeting.

According to Chairman Seinde Fadeni, the company’s vision is anchored on a five-year strategic blueprint designed to scale existing operations and build new business lines.

“We plan to further diversify our businesses and enhance existing operations to drive revenue above ₦300bn within the next five years,” he said.

The revenue target breaks down into key contributions from multiple sectors: ₦120bn from ground handling, ₦40bn from cargo, ₦36bn from logistics, ₦15bn from its Free Zone unit, ₦80bn from commodities, ₦7bn from hospitality, and ₦2bn from its aviation academy.

Group Managing Director Olumuyiwa Olumekun stressed that the plan is underpinned by steady investments in equipment, innovation, and workforce development.

“We have been driven by the earnest desire to provide an unmatched level of excellent service delivery to our clients,” he said.

NAHCO has also ventured into specialised cargo services including the safe handling of radioactive shipments—a pioneering move in Nigeria’s aviation industry.

“We have put in place thorough processes that ensure 100 per cent compliance by highly trained professionals,” Olumekun added.

Group Executive Director of Commercial and Business Development, Prince Saheed Lasisi, highlighted the brand’s credibility:

“It is a measure of the trust that the airlines have in us that they have extended our contracts with them.”

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As NAHCO enters this new growth phase, its strategy includes ESG adoption, digital transformation, and equipment upgrades to ensure sustainable profitability and improved shareholder value.