Management of the Transnational Corporation Plc, Nigeria’s leading conglomerate, says its gaze its fixed on providing top-notch services in critical sectors of the nation’s economy in the years ahead.
One of such, according to Valentine Ozigbo, President and chief executive of Transcorp, is the nation’s electricity generating sector, where its Transcorp Power Limited, is positioning to provide 25% of total power generation in the country this year.
Articulating how it recorded such robust growth in 2018 and projecting into year 2019, at its Facts Behind the Figures presentation on Tuesday, March 26, at the Nigerian Stock Exchange (NSE), the Transcorp boss said its power subsidiary is poised to enhance Nigeria’s competitiveness.
This, he believes, is achievable by the company meeting “the power needs of one out of every four Nigerian, and through this, help in poverty eradication and improving Nigeria’s competitiveness.
Continuing, Ozigbo said the group owns and manages “Transcorp Hilton Abuja, the best business hotel in Africa, as well as Transcorp Hotels Calabar, and are intent on improving tourism in Nigeria and beyond.
“We are positioning to be that Conglomerate Nigerian’s will be most proud of,” he stressed.
Emphasising the importance of an enabling environment as the engine that drives private sector growth, President/Chief Executive Officer, Ozigbo, reiterated the importance of boosting the investment landscape and projecting Africa as an investment destination to the world.
Also at the event, Managing Director/Chief Executive Officer, Transcorp Hotels, Mrs. Owen Omogiafo, spoke on the expansion focus of Transcorp Hotels Plc, touching on the Hotel’s most recent asset acquisition and its efforts to cement the brand as the preferred hospitality choice across Africa.
“With Africa’s rich cultural landscape, tourism can easily become a key economic prospect, and Transcorp is playing its part in the hospitality value chain to ensure Nigeria, and indeed Africa, is seen as the preferred destination for tourism and hospitality,” she said. “Already, we are doing evidently well, considering the number of awards and nominations we have received in last year. We will continue to deepen our play within the tourism industry and put Nigeria on the map through the provision of exceptional service at our hotels,” she concluded.
Welcoming the Transcorp team and members of the capital market community to the event, CEO of the Nigerian Stock Exchange, Oscar Onyema, commended the directors for taking giant corporate governance strides by meeting up with its post–listing requirements of filing its financials and for being the first to present its Facts Behind the Figures to the Capital Market community in 2019.

Photo Caption: Facts Behind the Figures 4: r-l: Divisional Head, Listing Business, Nigerian Stock Exchange(NSE), Olumide Bolumole; CEO, Nigerian Stock Exchange(NSE), Oscar Onyema; President/CEO, Transcorp Plc, Valentine Ozigbo; Managing Director/CEO, Transcorp Hotels, Mrs Owen Omogiafo; and Executive Director, Transcorp Plc, Mr. Christopher Ezeafulukwe, during the Transcorp’s Facts Behind The Figures, held at the NSE in Lagos on Tuesday, March 26, 2019