Chairman's Message

Coming into the second half of this decade Nigeria faces a host of challenges: a sharp drop in the price of oil, the continued security issues, the devaluation of the Naira and an economic contraction. While not sanguine about any of the challenges that face us as a country or a business we continue to be optimistic about Nigeria in the long run. Nigeria has shown tremendous maturity in a well-run election that resulted in an incumbent president losing power in an election for the first time. President Muhammadu Buhari has broad support across the country and has a reputation as pro-governance pro-reform leader. We must also remember that Nigeria is Africa’s biggest economy with a population of over 175million.

At African Industries, we continue to invest in Nigeria and in other parts of West Africa – we have expanded our offices to Ghana and continue to look at exporting our Nigeria manufactured products into other ECOWAS nations. In the more challenging short term we have made new investments in businesses where we see excellent opportunities, are integrating new technology to improve efficiency and streamlining our operations.

Our long term commitment to Nigeria and Africa as a whole is imperative.

We welcome you to join us.

Yours sincerely,
Raj Gupta