SIFAX Group and its aviation partner, Changi Airports International from Singapore have opened discussions on strategic collaboration with the federal government and the Lagos State government to develop the country’s aviation sector.
SIFAX Group, through one of its subsidiaries, SAHCO Plc, is already a major player in the aviation ground handling space. However, the consortium is looking to explore more business prospects in the sector such as aviation terminal management, airline management and development and other ancillary services.
The company in a statement said that in various meetings recently with the Vice President, Kasim Shettima, Lagos State Governor, Babajide Sanwo-Olu and the Minister of Aviation, Festus Keyamo, the Group reiterated its commitment to the development of Nigeria’s aviation sector, explaining that the company has the capacity to contribute substantially to the growth of the sector, which will positively impact the nation in terms of job creation, tourism development and economic growth.
Chairman of the Consortium, Dr. Taiwo Afolabi, noted that SIFAX Group has a track record of turning around enterprises for profitability in Nigeria and beyond. Citing the example of SAHCO Plc, which was carved out of the defunct Nigeria Airways and was concessioned to the Group in 2009, Afolabi noted that SIFAX Group has invested heavily in growing it to become the number one cargo handling company in West Africa, as well as being listed on the Nigeria Stock Exchange.