NAHCO to raise N4bn for facility upgrade

The Board of Directors of the Nigerian Aviation Handling Company (NAHCO) Plc, has approved N4 billion for equipment upgrade to make up for the ageing equipment. Chairman of the company, Dr Seinde Fadeni, disclosed this at a dinner, hours after the 41st Annual General Meeting of the company where it announced a N10.2bn turnover, representing […]

The Board of Directors of the Nigerian Aviation Handling Company (NAHCO) Plc, has approved N4 billion for equipment upgrade to make up for the ageing equipment.

Chairman of the company, Dr Seinde Fadeni, disclosed this at a dinner, hours after the 41st Annual General Meeting of the company where it announced a N10.2bn turnover, representing a 44 per cent improvement over the 2020 financial year performance.

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Fadeni said the ground support equipment for which the sum of N4bn was approved for the management would be delivered to the company very soon.

He said: “We are trying as much as possible to aggressively improve on the equipment, which we have now. Some of our equipment is as old as 20 years and above. We are working hard to ensure that we serve our clients better.

“However, we know that we can’t have it all 100%, but we are consistently working to ensure we satisfy our customers. Today is the night of our customers. We know they are kings, and we must treat them as such.”

NAHCO’s Group Managing Director/CEO, Mr Indranil Gupta, told the gathering that the handling company had performed the foundation stone-laying of its export processing centre at the Murtala Muhammed Airport (MMA), Lagos.

Gupta said construction work would soon start on the structure, which is being conceptualised as a two- storey building, adding that all the facilities at the centre would be automated for seamless transactions.