ABB to Diversify Investments in Nigeria

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  • ABB to Diversify Investments in Nigeria

Multinational corporation, ABB has said it would focus more on its investment in Nigeria to create more opportunities for indigenous engineers.

ABB Nigeria specialises in electrification products, robotics and motion, industrial automation and power grids.

ABB Nigeria’s Country Managing Director, Hany Abd-Elazim, at the unveiling of the company’s office in Ogba, Lagos, said it would focus more on its investment in Nigeria, being the largest economy in Africa while also working on diversifying its operations.

He explained that the company’s value areas were safety and integrity; customer focus and quality; innovation and speed; ownership and performance; plus, technical and commercial collaboration.

He said the new office with a turbo-charging service workshop, a training centre and show room, would make communication easier.

“Before now, companies had to take their turbo chargers outside the country for repairs and servicing. The nearest service centre was in Douala, Senegal. As a forward-thinking company, we decided to open this workshop right here in Nigeria. This means we are saving time and money for our customers thereby making their businesses more profitable,” he added.

He stated that ABB, operating in more than 100 countries, had embedded health, safety, security and sustainability into all aspects of its business and was committed to achieving excellence and continuous improvement while doing so.

He said, “ABB has been operating for over 40 years in Nigeria. The future of the industry lies with the full digitalisation to increase both the speed and quality of decision-making.

“Through ABB ability offerings, we provide a combination of products, system and services that are digitally connected, all bringing added value to our customers for their assets management. ABB succeeded to deliver 20 to 30 per cent capital expenditures and operating expenses’ savings while simultaneously improving uptime and extending asset lifetimes by 20 years.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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