Top 14 Richest Transport Companies in Nigeria
Richest Transport Companies in Nigeria – The transport industry is a major contributor to Nigeria’s economy, accounting for about 4% of the country’s GDP. Nigeria has a vast network of roads, railways, air transport, and waterways that facilitate the movement of goods and people within and outside the country.
Some of the largest and most successful companies operating in Nigeria’s transport sector have grown to become multimillion-dollar corporations. In this article, we profile the top 14 richest transport companies in Nigeria based on their assets and annual revenues.
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The top 14 richest transport company in Nigeria are:Richest Transport Companies in Nigeria
1. Dangote Group
Topping the list is Dangote Group, owned by Aliko Dangote who is ranked as the richest person in Africa. Dangote Group has interests in manufacturing, logistics and transportation and generates over $4 billion annually in revenues.InformationGuideNigeria
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The transport and logistics subsidiary of the company known as Dangote Transport has over 5,000 trucks that transport Dangote products like cement, sugar, flour and salt across Nigeria and neighboring countries. Dangote Transport also owns goods terminals at Lagos Ports and operates a terminal at Kano International Airport.Top 14 Richest Transport Company in Nigeria
2. CMC Motors
CMC Motors is a leading truck assembly company in Nigeria with the capacity to assemble up to 5,000 commercial vehicles per year. The company is the exclusive distributor of several international commercial vehicle brands like UD Trucks, Volvo Trucks and SDLG Equipment in Nigeria.
CMC has a vehicle financing and maintenance service arm known as Truck Masters that allows customers acquire and service CMC trucks more conveniently. The company makes about $200 million in revenues annually.
3. MMA2
The Murtala Muhammed Airport Terminal Two (MMA2) is privately operated by Bi-Courtney Aviation Services and is one of the most modern airport terminal in Nigeria. MMA2 was built through a concession agreement between Bi-Courtney and the Federal Government.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaWith its expanded facilities and services, MMA2 now handles over 6 million passengers annually and accounts for about 40% of passenger traffic into Lagos. Bi-Courtney Aviation Services generates well over $100 million in revenues managing MMA2.15 Best Edges Control in Nigeria
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4. ABC Transport
Starting with just one leased bus in 1993, ABC Transport has grown to become Nigeria’s largest road transport company with over 1,000 vehicles in its fleet. The company operates a network of passenger bus transport services to major cities in Nigeria and West Africa.
ABC transport rakes in about $60 million annually in revenue from its passenger, charter and haulage services. The company also has diversified into auto sales and diagnostics services.
5. GIG Group
GIG Group is another leading player in Nigeria’s logistics sector with business interests in maritime services, haulage and courier services. GIG’s subsidiaries include GIG Logistics, Genesis Worldwide Shipping and GIGL.15 Best Leave-in Conditioners for Wigs in Nigeria
The company operates a modern fleet of barges, offshore support vessels and tug boats that facilitate maritime transport, haulage services, dredging and other marine transport services. GIG Logistics rakes in over $50 million annually with operations across Nigeria and other African countries.
6. Shoreline Logistics
With a modern fleet of over 300 trucks, Shoreline Logistics is one of the dominant players in the gas and petroleum haulage business in Nigeria. The company transports about 50% of petroleum products distributed in Nigeria by road.
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Shoreline also has considerable operations in neighboring countries like Ghana. The fuels transport company makes over $40 million yearly revenue.200 Romantic Love message
7. Med-View Airline
Med-View Airline is one of the domestic airlines that ply Nigeria’s air transport space competing with the likes of Air Peace, Azman Air and Arik Air. The company operates flights to major cities in Nigeria and West Africa.
With a modern fleet of airplanes, Med-View airline carries about 1.5 million passengers annually and generates over $30 million in revenue. The airline is listed on the Nigerian Stock Exchange.
8. The Young Shall Grow Motors
The Young Shall Grow Motors (TYSGM) is an interstate bus transport company that has been in operation since 1972. TYSGM operates one of the largest fleets of long distance high-capacity buses in Nigeria.
With well over 100 buses, the company connects major cities in Nigeria including Lagos, Abuja, Port Harcourt, Onitsha and Kano. TYSGM generates about $20 million annually from passenger and charter services.
9. God Is Good Motors
God Is Good Motors is another leading road transport company in Nigeria that has its network and fleet size growing significantly over the years. The company currently operates a fleet of about 500 buses that connect cities like Lagos, Abuja, Anambra, Enugu, Asaba, Owerri and Onitsha.
God Is Good motors moved about 2 million passengers in 2021 and rakes in over $15 million in annual revenues from its operations.Good Morning my love messages
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10. Challenger Motors Nigeria Limited
Challenger Motors Nigeria Limited is a leading dealer of commercial vehicles in Nigeria including popular brands like Isuzu and Fuso Trucks. Beyond truck sales, the company also provides repair and maintenance services for vehicles.
With annual truck sales exceeding 500 units, Challenger Motors generate well over $15 million annually from its commercial vehicle sales and services.
11. Cross Country Limited
Cross Country Limited is a transportation company with a focus on petroleum products distribution. The company operates a fleet of over 100 tank trucks that transport diesel, petrol, kerosene and other petroleum products from depots to retail outlets within Nigeria.NYSC Portal
With long-term partnerships with oil marketing companies, Cross Country has grown into a $10 million annual revenue company moving millions of liters of petroleum products across Nigeria annually.
12. Ecomarine Transport Limited
Ecomarine Transport Limited renders specialized boats and maritime transport services to Nigeria’s oil and gas sector companies. The company transports personnel and cargo through its fleet of speed boats, crew boats, security patrol boats, water taxis and barges.
Ecomarine has the capacity to make over 3,000 maritime trips annually serving offshore locations across Nigeria. The company rakes in about $10 million in revenues from its services annually.
13. Micmerah International Agency Limited
Micmerah International Agency Limited is a logistic company providing freight forwarding, haulage and warehousing services. The company has warehousing facilities in Lagos and Abuja and a modern fleet of trucks that support merchandise distribution across Nigeria.
With a diverse clientele across agriculture, oil and gas, manufacturing, Micmerah generates annual revenues exceeding $5 million hauling cargo to different parts of Nigeria.
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14. Fleet Express Limited
Fleet Express Limited is a transportation company that provides parcel delivery services within Nigeria. The company operates a modern fleet of vans, motorcycles and trucks that facilitate timely delivery of parcels, documents and packages to different locations locally and across Nigeria.
From its courier transport services, Fleet Express rakes in about $3 million in revenues annually as it moves thousands of parcels in Nigeria.Jamb Portal
Conclusion
In summary, Nigeria’s transport companies play an important role in facilitating economic activities through movement of goods and people connecting businesses, markets and people. The diversified transport services provided by these companies provides lots of job opportunities contributing immensely to Nigeria’s economy.
The companies profiled in this article stand out for their continued business growth over the years which see them generating tens of millions in revenue annually. Their investments in modern fleets of vehicles and expansion to more routes and locations has made them ISO certified leading transporters and logistic companies in Nigeria.
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