Home » Nigerian logistics tycoon Taiwo Afolabi becomes chairman of Sifax Group

Nigerian logistics tycoon Taiwo Afolabi becomes chairman of Sifax Group

by Omokolade Ajayi

Sifax Group, a Nigerian conglomerate with investments in maritime, aviation, oil and gas, haulage, and logistics, has appointed Nigerian logistics tycoon Taiwo Afolabi as the company’s new board chairman, effective immediately.

Afolabi, who was the group executive vice chairman of Sifax Group until this appointment, succeeds Adegboyega Dosunmu, a Nigerian traditional ruler who died on Dec. 12, 2021.

Given his three decades of entrepreneurial experience, his appointment comes as no surprise, as his hard work, foresight, resilience, vision, and knack for excellence played a key role in his rise to become one of Nigeria’s most successful businessmen.

The businessman, who founded SIFAX Group in 1988, began his career in the 1980s with Nigerian Express Agencies Limited, where he rose to become the head of operations.

His wealth of experience, organizational prudence, and business savvy have proven invaluable assets to SIFAX Group, which has grown into a major player in the Nigerian economy, providing direct and indirect employment to thousands of qualified Nigerians.

According to Bode Ojeniyi, group executive director of SIFAX Group, Afolabi’s appointment as CEO is a natural progression for the businessman, who has worked tirelessly over the past 33 years to build and lead the company to become one of Nigeria’s leading conglomerates.

“The company’s success cannot be separated from his rigor, leadership, strategic thinking, and foresight,” he said. “Taking all of this into consideration, the board determined that he was deserving of this appointment for sustained entrepreneurial leadership, better service delivery to our clients, and improved returns to all stakeholders.”

Afolabi’s appointment, which aligns with the group’s strategic growth plans and efforts to re-calibrate its managerial approach and deliverables for improved performance, will help SIFAX Group position itself for its next growth phase as it works to achieve its mandate.

While accepting the position, Afolabi said his immediate goal is to bring the company’s five-year strategic growth plan to a logical conclusion.

“The company has, without doubt, achieved so much, but there are still so much grounds to cover. Interestingly, my appointment coincides with the midway point of our five-year strategic growth plan designed to improve the profitability of our various businesses and expand to new territories both locally and internationally,” he said.

You may also like


The world’s premier source of news on Africa’s billionaires and UHNWIs.


Get the daily email to stay informed about African billionaires and UHNWIs. Get informed and entertained, for free.

Latest News

@2024 – Billionaires.Africa. All Rights Reserved.