KEY POINTS
- Taiwo Afolabi expands SIFAX’s community projects in Ogun.
- SAHCO stake climbs to $48 million in 2025.
- Strong profits highlight Nigeria’s logistics sector growth.
Taiwo Afolabi, a businessman from Nigeria, is making his mark in both the community and the boardrooms of companies. Afolabi hired a number of new initiatives in Ogun State through his SIFAX Group.
These included an ICT hub and market stalls, which showed how dedicated he has been to social development for a long time.
These projects, which include education, business, faith, and amusement, are the most recent ones his company has done to help the community along the Lagos-Ogun border.
New investments include an ICT hub and a mosque
The Chief Samson Afolabi Centre for Information and Technology Services is the main part of the deployment. It is a 100-seat ICT hub that will help people learn how to use technology. SIFAX also built the Isade Central Mosque, a community security office, 27 open market stalls, and a contemporary park for people to hang out in.
These structures are built on previous work, such as building a community health center, fixing roads in the winter, and building churches. Wale Afolabi, the chairman’s older brother, stated at the ceremony, “This isn’t just about physical infrastructure.” “It’s about giving people chances through education, business, faith, and safety.”
From a small start to a regional operator
Afolabi started SIFAX in 1988 and has since grown the business to include logistics, aviation, oil and gas, and hospitality. The company has operations in Ghana, South Africa, the U.S., Belgium, and the U.K. There are now business ventures going on in Djibouti and Equatorial Guinea.
One of the group’s most important acts was buying Skyway Aviation Handling Company (SAHCO), which used to be held by the government but was reorganized under Afolabi’s ownership. SIFAX is now even more firmly established in Nigeria’s marine sector thanks to concessions at the ports of Tin Can Island and Port Harcourt.
The value of SAHCO’s investment is currently $48 million
The company is making money from its growth. Afolabi’s 60.76 percent ownership in SAHCO is now worth $48 million, up from $18 million at the beginning of 2025. The aviation unit made N21.06 billion ($13.7 million) in the first half of the year, which is a 74 percent increase. Profit climbed by more than 155% thanks to new partnerships and improvements to operations.
According to Billionaires Africa, Afolabi’s model is to develop riches while giving back to Nigerian communities. This is shown by the balance of charity and profit.
