Taiwo Olayinka Afolabi, 56, is a Nigerian business magnate and lawyer. He is one of Nigeria’s low-key “grass to grace” billionaires. He is the founder and current Chief Executive Officer of SIFAX Group, a multinational conglomerate that comprises of over 8 Companies including SIFAX Ports & Cargo, SIFAX SAHCOL, SIFAX Offdock, SIFAX Shipping, SIFAX Haulage, SIFAX Forwarding, and SIFAX Oil & Gas.
He began his professional career in 1981 with Nigerian Express Agencies Limited until 1988 when he left to establish SIFAX Group. Upon its establishment, the company has since risen to become one of Nigeria’s leading companies with investments in oil and gas, haulage, logistics, and maritime and aviation.
SIFAX Offdock Nigeria Limited was established in 2004 to efficiently operate off-dock facilities and services of the Group. With the terminal located within two minutes drive from both the Apapa and Tin Can Island ports, SIFAX Offdock is strategically located and accessible to the major ports from where it easily receives cargo as a temporary hold and provides an easy exit for custom-cleared cargoes to any part of the country
In 2006, the company which had become a group of companies then, through one of its subsidiaries, Ports & Cargo Handling Services Limited, won the competitive bid to manage the Terminal C, Tin Can Island Ports, Lagos under the Federal Government’s port concessions programme, which handed over the management of port operations across the country to private investors. The ports were hitherto managed by the Nigerian Ports Authority (NPA).
In December 2009, SIFAX Group also acquired the Skyway Aviation Handling Company Limited (SAHCOL), an aviation ground and passenger handling company.
SIFAX Oil & Gas Company Limited was incorporated in 2010 and commenced business same year. It participated in the government regulated international trading of petroleum products in 2010 and 2011.
Sifax Logistics & Marine Services Limited was incorporated in 2013 to provide logistics and marine services for Nigeria and the West Africa sub-region. It provides special transportation with respect to offshore support services, marine vessel transportation, towage, and other related marine services to both onshore and offshore oil terminals.
Sifax Group now operates globally with presence in the United States, United Kingdom, Ghana, South Africa, Holland, Belgium, Morocco, Spain, and Djibouti.
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