Nigeria’s largest indigenous seaport terminal operator, SIFAX Logistics Company Limited, says it is taking a strategic position to meet expected upsurge in logistics demand.
The haulage subsidiary of the company recently acquired 13 new trucks to meet rising logistics demand and the company expects the uptrend in demand to continue despite the current economic lull.
Some of the new trucks acquired by SIFAX recently
“Our target is to expand rapidly and we have mapped out a strategic plan to acquire 200 new trucks before the end of the 2024 business year. This will be done in phases and we have started with 13 for now. We hope to buy another 20 in the next phase of our acquisition plan,” said Adewale Adetayo, the company’s general manager.
“The acquisition of the trucks, which are 33 tonnes 6×4 MAN diesel vehicles with 400 horsepower, are part of efforts to enable the company to increase its market share and competitiveness in long-distance and interstate deliveries. This acquisition now brings the trucks on the company’s fleet to 114,” Adetayo added.
Also commenting on the company’s recent strategic move, the Chairman of SIFAX Group, Dr. Taiwo Afolabi, noted that the company had always braved the odds to invest more in the Nigerian economy during downtimes.
He said: “We are aware many businesses are not favourably disposed to investing at this moment due to the prevailing economic reality. But the reality is that some economic activities like production and movement of goods will almost always demand for haulage services even in challenging times. We are scaling up through the acquisition of these trucks because of the huge potential in the industry.
“The economic outlook for the country is looking bright and we know that once the economy bounces back, we would reap the rewards of our investments. Many businesses, both existing and potential clients, continue to reach out to us due to the credibility and efficiency we have achieved over the years. To meet these agreements, we need a larger fleet.”
