Our Investment In Equipment Help To Achieve N7. 38B Revenue Feat–NAHCo, GMD



The Group Managing Director of the Nigerian Aviation Handling Company (NAHCo) Aviance, Mrs. Tokunbo Fagbemi has stated that the handling company was able to rake in gross revenue of N7.38 billion in nine months because it invested in newer ground handling equipment.

This is just as she said that the company also adheres strictly to manufacturer’s instruction on its equipment and that NAHCo look at every single manual.

Recalled that NAHCo Aviance posted a gross revenue of N7.38 billion for the nine month period ended September 30, 2019 and subsequently posted a Profit Before Tax(PBT) of 973.1 million for the Quarter three ended September 30, 2019.

* L-R: Corporation Communications Manager, NAHCo, Mr. Tayo Ajakaiye, Group Managing Director/CEO, NAHCo, Mrs. Olatokunbo Fagbemi, LAAC Chairman, Mr. Olusegun Koiki and Manager, Commercial and Business Development, NAHCo, Mr. Kelechi Amaeshi when NAHCO GMD was the guest of LAAC Gateway Forum at the Murtala Muhammed Airport Ikeja yesterday. Photo : Wallet Olufade

The figure, according to the leading ground handling company is 241.3 million higher than the amount for the same period last year for Nigeria’s foremost ground handling company and this represents 32.96 per cent increase over the same period last year.

She said these while fielding questions at a Gateway Forum organised by the League of Airport and Aviation Correspondents (LAAC) at Engr. Saleh Dunoma Press Centre, Murtala Muhammed Airport (MMA),Lagos.

Fagbemi explained that apart from following strictly the equipment manufacturer’s instruction, the ground handling company introduced efficiency into its processes.

The GMD also hinted that it achieved the revenue feat because its marketing strategies were now more focused and that the entity equally   improved its processes.

On Export Processing Centre, the GMD stated that the company has spent N2 billion on equipment between January and now.


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