CEO shares journey to buliding $200m firm

daily news updates CEO shares journey to buliding $200m firm CEO shares journey to buliding $200m firm

Chairman of CITA Energies, Dr Thomas Ogungbangbe

The Chairman of CITA Energies, Dr Thomas Ogungbangbe, has actually stated how the native air travel fuel provider grew from a modest organization ran from his living space and vehicle boot into a business with centers valued at almost $200m.

Ogungbangbe spoke at the business’s 20th anniversary event held at the Grandeur Event Centre, Oregun, Ikeja, Lagos, on Friday.

He stated the business had actually broadened its operations to 17 airports throughout Nigeria’s 6 geopolitical zones, while its worldwide air travel fuel supply network now covered a number of continents.

“CITA began ideal inside my living-room and my vehicle,” he remembered, discussing that business files were at first kept in the boot and rear seats of his lorry.

“Today, the business has actually grown to end up being the biggest native air travel fuel business by centers in Nigeria and West Africa,” he stated.

Ogungbangbe associated the development to durability, encouraging federal government policies, tactical collaborations and the dedication of staff members who assisted the business browse Nigeria’s difficult organization environment.

He stated air travel fuel supply needed day-and-night operations, despite weekends and public vacations, since airplane depended upon continuous access to fuel.

“As long as airplane are flying in the sky, you need to be on the ground pumping fuel,” he stated.

The chairman likewise remembered how modifications in federal government petroleum policies produced chances for native services to go into a market formerly controlled by international oil business.

CITA emerged in 2006 following Ogungbangbe’s participation in an earlier air travel fuel organization connected with what later on entered into the Sahara Group.

A documentary evaluated at the anniversary traced the business’s development from its very first functional base in Port Harcourt to a network of air travel fuel centers throughout Nigeria.

Ogungbangbe stated the turning point would not have actually been possible without the contributions of the business’s pioneering staff members, succeeding management groups, consumers and organization partners.

He remembered the challenging conditions under which the early workers worked, in some cases withstanding heavy rain and extreme sunlight while developing business.

The Minister of Aviation and Aerospace Development, Festus Keyamo, was represented at the occasion by his Special Adviser, Janet Oputa.

Other dignitaries consisted of the Managing Director of Ibom Air, George Uriesi; the General Manager and Chief Operating Officer of United Nigeria Airlines, Rapheal Uchegbu; and CITA Energies’ Managing Director, Titilayo Olaore.

Standard rulers at the occasion consisted of the Alapomu of Apomu, Oba Kayode Adenekan Afolabi, Atoyebi II; the Owaloko of Iloko-Ijesa, Oba Akeem Olusayo Ogungbangbe, Ajagbusi-Ekun VI; the Oniyaomebi of Olorunsogo, Ijesaland, Oba Oluwaseun Oniyaomebi; and the Aragbiji of Iragbiji, Oba Abdur-Rasheed Ayotunde Olabomi, Odundun IV.


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