Nigeria on track to reduce inflation

The Managing Director of Atiat Limited, Eni-Ikeh Kanayo, has expressed optimism about Nigeria’s economic outlook, saying the country is on the right path towards reducing inflation.

He commended the Central Bank of Nigeria (CBN) and the administration of President Bola Tinubu for their efforts to stabilise the economy, noting that while progress may take time, current indicators suggest a positive trajectory.

Speaking at the unveiling of Atiat’s new head office and rebranding in Lagos, Kanayo said the event marked a new chapter for the company as it pursues aggressive growth across multiple sectors. He explained that the rebranding, recapitalisation, and expansion plans are designed to position Atiat as a key player in financial services, insurance brokerage, and fleet management.

“Atiat began in 2007 as a leasing company, but we have since evolved beyond leasing. We now provide loans, insurance brokerage, and operate in the mobility space. We are also setting the stage to integrate all these services with technology. This new head office symbolises our ambition to scale bigger and deliver faster, simpler solutions for our customers,” he said.

Kanayo recalled that a major turning point for the company came when investment firm VFD acquired a significant stake in Atiat, giving it fresh momentum and driving remarkable growth. “However, early this year, VFD divested, allowing Atiat to become fully autonomous,” he added, describing the move as a welcome opportunity to chart its own strategic direction.

With over 18 years of experience in banking and finance, Kanayo said his background has given him the confidence to lead Atiat through its new growth phase.

He highlighted the company’s contributions to Nigeria’s corporate transport and logistics sector through vehicle leasing and management services for major corporations such as Ikeja Electric, IHS, Fidelity Bank, and Stanbic IBTC.

Beyond leasing, the firm has launched subsidiaries, including Our Car Limited, which maintains and sells vehicles, and Atiat Insurance Brokers, which provides risk advisory and insurance solutions for corporate clients. These expansions, Kanayo said, reflect the company’s goal of becoming a one-stop shop for financial, mobility, and risk management services.

He also assured stakeholders of the safety of the new head office, revealing that it is equipped with fire extinguishers on every floor, water sprinklers, two emergency exits, and regular fire drills for staff.

“We have invested in both infrastructure and people. This head office is more than a building; it is a symbol of our readiness for the future,” he stated.

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