The Nigerian Aviation Handling Company (NAHCO) Plc has launched an ambitious five-year growth plan aimed at strengthening its existing businesses and exploring new opportunities.

The company’s board and management outlined the key drivers of the transformational growth plan, which is expected to further diversify the group’s businesses within and outside Nigeria.

According to the plan, NAHCO Plc is targeting a revenue of N300 billion by 2029, with a projected turnover of N38.49 billion in 2024, N71.12 billion in 2025, N101.93 billion in 2026, N146.07 billion in 2027, and N209.34 billion in 2028.

The company’s Group Executive Director, International Business and Corporate Services, Dr. Sola Obabori, outlined the breakdown of the revenue target, which includes:

1. N120 billion from the main ground handling business
2. N40 billion from cargo handling
3. N36 billion from NAHCO Logistics Services
4. N15 billion from NAHCO Free Zone
5. N80 billion from NAHCO Commodities
6. N7 billion from NAHCO Travel & Hospitality
7. N2 billion from Aviation Academy

The five-year growth plan was unveiled at a closing gong ceremony and Facts Behind the Figures presentation at the Nigerian Exchange (NGX) in Lagos.