Transall Nigeria Limited’s Business Development Manager Precious Ogbomo on building and engineering construction in Nigeria
In Nigeria, Africa Business Communities met with Precious Ogbomo, Business Development Manager of Transall Nigeria Limited to discuss building and engineering construction in Nigeria.
Precious, how are you?
'I am well, thank you.'
Can you tell us more about your company?
'Transall Nigeria Limited (TNL) is a building and engineering construction company whose main objective is to expand the frontiers of engineering construction both locally and internationally. TNL was incorporated in March 09, 1989, commenced operations in September, 1990 and has been in business consistently ever since.
Presently we carry out business activities in most of the 36 states in Nigeria with a view of expanding into other West African markets. We have a long list of valuable clients that have helped sustain our business over the years. Some of our esteemed clients include; Federal Government of Nigeria, Edo State Government, Guinness Nigeria Plc, Nigerian Breweries Plc, Stanbic IBTC Bank and Michelin Plantations Group (Osse River Rubber Estates Limited). We have also acted as sub contractors on a number of projects, aligning ourselves strategically with other reputable construction companies.'
So far with a little experience, how is do you see the development of building and engineering construction in Nigeria?
'TNL was founded by Emmanuel Ogbomo, a quantity surveyor with vast experience in the construction industry spanning over 40 years. TNL was created out of the need to meet growing demand for adequate and sustainable infrastructural facilities in Nigeria. The company’s focus is to strengthen local engineering works and build an indigenous brand that can compete favorably internationally.'
How do you see investment opportunities in Nigeria for now and the years to come?
'Since, returning to democratic rule in 1999, there has been conscious effort by the government to build on existing infrastructure. Government has embarked on reforms, privatization of some key sectors encouraging both foreign direct investments. Despite the effects of the global recession, Nigeria’s construction industry has recorded double digits growth rate with quoted companies reporting over 81% profit (Ajakaiye and Fakiyesi, 2009).
There is increased investment in the construction industry from foreign and local investors. Lagos State “mega city project” for example has provided some opportunities. There is also significant private sector led development especially in telecommunications and the oil industry. However, there are still some limitations that hamper growth. The costs of raw materials are too high when compared to other countries, unstable power supply which increases cost and unethical business practices.'
What is the latest news?
'On latest news from TNL, we are in the process of building our ultra modern office complex at Km 18, Benin- Abuja expressway, Benin- City, Edo State. When completed it will serve as main yard and our corporate headquarters.
The Federal Government yesterday July 13, 2010, kicked against a bill for an Act for construction companies to build and maintain roads and erosion projects for five years before handing over to the government. The standard global practise is that construction companies build and handover the maintenance to government.'
This article was originally posted on Nigeria Business Communities