Red Star Express has expressed worries over the spate of insecurity in the country, saying that the challenge has impacted the logistics business negatively in the country.
The Group Managing Director/Chief Executive Officer of Red Star Express Plc, Auwalu Badamasi Babura, disclosed this in Lagos while briefing the press on the 30th anniversary of the firm.
Red Star Express
Babura, who said Redstar Express couldn’t take goods to some states, especially in the north and some eastern states, noted that the insecurity in the country has impacted the entire logistic sector.
He urged the Federal Government to find a lasting solution to the matter.
Speaking on the 30th anniversary of the firm, he hinted at the readiness to scale on technology to advance its operations in Nigeria and transform the country’s logistics industry.
Babura explained that the timing was right for the firm to embrace technology in solidifying its authority as an industry leader within the courier and logistics sector and further expand its market share.
Its international interests notwithstanding, he said Red Star is not about to let loose its expansion focus in Nigeria, where it currently has about 166 offices, over 1,600 vehicles, a fleet of trucks, bikes and world-class warehouses.
As part of its strategic rapid expansion, Red Star is also scheduled to soon unveil its warehouse at International Airport in Lagos and a Vehicle Service Centre on the Lagos-Ibadan expressway corridor to take care of its large fleet.
Babura attributed the company’s remarkable success to her highly skilled members of staff. The Managing Director also stated, “In the last 30 years, Red Star Express has achieved several milestones, which includes a sustainable business partnership with FedEx since 1994.”
He applauded the company for remaining strategic, focused and committed to its shareholders, noting that it has never defaulted in payments of dividends to its shareholders since inception, even during the COVID-19 period.
In his speech, the Executive Director, of Sales and Marketing, Charles Ejekam provided highlights of scheduled activities to mark the anniversary, which will culminate on October 12th, with a public lecture and hosting of key stakeholders.
He restated, “aside from the resilience of its people, Red Star’s remarkable strides are attributable to its futuristic approach, strategic planning, agile management style and bold investments in the future.”
