C&I Leasing, a foremost brand for finance lease and other ancillary services, is set to commit more investment into marine services, fleet management business and outsourcing service even as it plans to leverage the immense opportunity that exists in the country in these areas to grow its businesses.
The company, as part of its 2015 strategy for growth, has also promised to explore other viable sectors of the economy that promise impressive returns.
Emeka Ndu, managing director, C&I Leasing, says the company is looking at growth in marine services where it operate fleet of vessels, fleet management business for vehicles and growth in outsourcing business.
Ndu, while addressing stakeholders at the company’s investor’s forum recently in Lagos, says the company has continued to stay afloat because of its ability to spread its risk over diverse sectors of the economy.
The expansion in the power and telecoms sectors would further create enormous opportunities for the company’s outsourcing arm, which has witnessed impressive growth in recent times, he says.
He acknowledges that the robust growth recorded in fleet management arm of the company is as a result of the re-designed business plan, noting that the management of heavy equipment means Hertz remains the largest outsourced fleet service operator serving major organisations across the 36 states of the federation.
The managing director, however, reveals that one of the proposals the company is pushing for this year is to sell the red cab business to the management of the red cab company. The company, he explains, will be studying various alternative options to finance its operations and looking forward to issuing other series of the bond by 2015.
According to him, “compared to last year, the fortune of the company has improved. The profit is getting better and the revenues are getting more established and we are doubling our dividend.”
KELECHI EWUZIE
