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Laments naira devaluation impact on business
L-R: Prince Saheed Lasisi, group executive director, CBD; Indranil Gupta, group managing director/CEO; and Adeboye Emiloju, chief financial officer, all of NAHCO Aviance PLC, at a press conference held at the company’s headquarters at Lagos airport recently.
Sade Williams/Business a.m.
Nigerian Aviation Handling Company (NAHCO) is pushing to create a network of export processing centres across the country after investing N1 billion in Lagos in its push to enhance Nigeria’s export drive.
Indrani Gupta, group managing director of the company, at a press briefing at its headquarters in Lagos over the weekend, said NAHCO plans to replicate the Lagos facility in its Kano, Abuja, Port Harcourt and Enugu stations if the Lagos centre yields expected results, which will eventually result in a network of such centres across the country.
He disclosed that the company also plans to revive business activities in Kano, adding, “we want to take Kano back to its original glory, with the export processing centres. We want to reach out to farmers and the middlemen who are supplying and buying the products.”
He said NAHCO is completely focused on export, adding that the processing centre would also enhance standardisation of the export processing system.
“The idea is that Nigerian products will be in one shop where they will be well sorted, arranged and packaged before being transported. We plan to put forward some ideas on improving exportation before the Aviacargo committee. I know that Nigeria can be the food basket of the continent if the producers and farmers are availed of the potential of the continent. It is much more profitable to export than to import because it comes with foreign exchange,” he said.
Also speaking on the export processing centre, Saheed Lasisi, group executive director, said NAHCO is spearheading the exportation business with the centres coming up as links with farmers and serious exporters.
“Our focus is to encourage Nigerian exporters and farmers. Some of our staff were in London for training on packaging recently and we have also identified five major airports for this. We are also hopeful that purchasing power will improve,” he said.
On ground support equipment (GSE), Gupta said naira depreciation has led to an increase in operating cost, adding that it has adversely affected the importation of handling equipment.
“The company could have significantly done better but for the depreciation,” Gupta said.
Gupta, who expressed optimism for 2024 said, “I hope the purchasing power will improve, that will help in our input volumes, that will also attract more airlines into Nigeria. The total number of air travellers is between 19 to 20 million. Nigeria is not a poor country, but we look forward to more entrepreneurs, so all these can help us get more Nigerians to fly.”
