NAHCO increases warehouse capacity to cope with growing cargo volume
The Nigerian Aviation Handling Company (NAHCO), popularly known as nacho aviance, has increased its export warehouse capacity to cope with growing volume of cargo.
In a statement issued recently by the Manager, Communications and Corporate Services, NAHCO, Mr. Tayo Ajakaye, the company said the new facility comprises three sections — Annex Extension, the Canopy Area and the Ramp Area, adding that the Annex extension has a dimension of 270 square metre; the Canopy area 352 square metre and the Ramp area 55 square metre.
“The facility provides adequate space for packaging rising cargo exports by clients who have demonstrated preference for nahco as their handling partner of choice,” the company said.
Unveiling its scorecard, NAHCO proudly disclosed that export tonnage for Q1, 2019 stood at 3,679,283. This is 950,308 more than the Q1, 2018 figure of 2,728,975 square metre.
With this increasing revelation in volume of airfreight , NAHCO is sure that “the trend is widely expected to continue.” And this calls for a boost in capacity of its export warehouse to accommodate the increase.
TW gathered that Nahco Aviance handles more than 65 percent of export cargo in the country. “The company is the favoured choice of leading airlines like British Airways, Delta, Emirates, Ethiopian and Turkish Airlines,” it noted.
Commenting on the new facility, the Group Managing Director/CEO, Mrs. Olatokunbo Fagbemi, was quoted as saying the company will continually upgrade on its facilities and modernize its operations as a matter of policy.
“We are constantly improving and innovating and we are happy our clients are delighted about what we are doing. The new nahco aviance is one that plays by the rules and ensures that all its processes meet international standards. We will continue to delight our clients in many more ways and guarantee them great satisfaction,” she said.
According to her, NAHCO is doing all it can to support the Federal Government in its export drive and would support all exporters, both big and small, in order to help achieve this.
NAHCO’s ultra – modern warehouse, the first of its kind in the West Africa sub-region, was commissioned in 2012 as part of efforts by the company to offer excellent cargo services to its clients.
Only recently, the Company received an award for consistent payment of dividends. The Award, one of several for the Company, was in recognition of the Company’s persistence in rewarding its shareholders who have put their faith in NAHCO.
The Award organisers, Third Observers Nigeria Limited, commended NAHCO Plc for 10 years of unbroken dividend payments as a listed company on the Nigeria Stock Exchange pointing out that NAHCO remains the shining light of Nigeria’s privatization programme.
According to Mr Abiodun Ayodele, Chairman of the Award Coordinating Committee, Third Observers Limited, none of the privatized companies who are now listed on the NSE has the same consistent performance as NAHCO. He stated, “NAHCO’s story is indeed one that should form the topic of several case studies in performance of a company weaned of the ineptitude of public service to an efficient organization in the private sector. It is truly an amazing story that needs to be retold again and again.”
NAHCO is West Africa’s foremost aviation ground handler, with presence in all major Nigerian Airports.
The Company, which is the first publicly – listed ground handling company on the floor of the Nigeria Stock Exchange, recorded an impressive revenue in excess of 9.8 Billion for the 2018 financial year.
