Taiwo Afolabi’s Sifax Group shortlisted as bidder for privatisation of National Integrated Power Projecteyes energy sector

Taiwo Afolabi’s Sifax Group shortlisted as bidder for privatisation of National Integrated Power Projecteyes energy sector

There is no stopping serial entrepreneur, Taiwo Afolabi who keeps manifesting his winning streak in virtually every sector of the economy. Just whe

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There is no stopping serial entrepreneur, Taiwo Afolabi who keeps manifesting his winning streak in virtually every sector of the economy.

Just when everyone though he would take a breather form making deft busines moves, the astute businessman has once again expanded his business tentacles to include the energy sector.

His company, Sifax Energy, a sister company to his conglomerate, Sifax Group was among 15 other firms that were shortlisted as pre qualified bidders by the Bureau of Public Enterprise for the privatisation of the five National Integrated Power Projects (NIPPs) namely: Benin Generation Company Limited at Ihovba, Edo state; Calabar Generation Company Limited, Cross River state; Geregu Generation Company Limited, Kogi state; Olorunsogo Generation Company Limited, Ogun state and Omotosho Generation Company Limited, Ondo state.

SIFAX Group is one of the leading conglomerates in Nigeria with offices in Tema, Ghana, Durban, USA, Rotterdam, Belgium, Gambia, Malabo, London. It started operation as SIFAX Nigeria Limited, a freight forwarding agency in Lagos rendering services such as haulage and warehousing operations.

The company later metamorphosed due to its rapid growth to several subsidiaries such as, Maritime, Aviation, Logistics, Oil and Gas, Financial Services and Hospitality.

As chairman of the group, Afolabi has built SIFAX to such enviable heights that he was recently named the Vanguard Businessman of the Year for his immense contribution to the business sector through the establishment of conglomerates, which has largely contributed to the economic and financial growth of the country.