R-L: Managing Director and Chief Executive Officer, Industrial & Medical Gases Nigeria PLC, Ayodeji Oseni; Acting Chairman, Aminu Ado; Company Secretary and Legal Adviser, Aderonke Segun-Alabi; Finance Director, Adeshina Alayaki; Non-Executive Directors : Oyedele Olawale; Dr Patricia Opene-Odili and Adebayo Adeleke, during the 64th Annual General Meeting of IMG in Lagos at weekendAs evidence of resilience and continuous innovation despite the headwinds in the Nigerian economy, the total...
Addressing the shareholders during the Company’s 64th Annual general Meeting in Lagos at the weekend, the Acting Chairman, Aminu Ado, explained that the impressive performance would be sustained in 2024 by the Company’s capital investment and optimization of the use of resources amongst others. “Your Company had another great year despite the negative impacts of Forex, the Russian/Ukrarian and the Israeli/Gaza wars on the economy of the world and Nigeria.
Responding to a shareholder’s observation, the Finance Director, Adesina Alayaki, addressed some concerns about high electricity costs, saying some customers who rented cylinders had gone out of business. He also noted that IMG’s use of natural gas which is subject to volatility of forex costs had impacted the company’s operations. He however expressed optimism that IMG remained committed to its growth strategy.
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