See richest family-owned businesses in Nigeria
The article highlights the success and resilience of Nigeria's richest family-owned businesses, which have quietly underpinned the country's economic growth over the past decade. According to a study by McKinsey, these businesses account for 70% of the global GDP and generate annual turnovers of $60-70 trillion, providing around 60% of global employment.
One such example is the GIG Group, a flagship subsidiary of GIG Logistics, which has evolved from a local transport company founded in 1998 to a global logistics player connecting African businesses across continents. The company, led by the Ajaere family, has demonstrated succession planning, brand strength, and institutional resilience, with a focus on modernizing bus travel and producing sustainable electric vehicles.
The GIG Group's expansion plans include setting up charging stations in Lagos and an assembly plant to meet rising demand in Ghana.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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