TheCable

Transnational Corporation of Nigeria Plc says its goal is to be the biggest provider of power in Nigeria.

Tony Elumelu, chairman of the company, said this on Tuesday while commenting on the appointment of Adim Jibunoh as the new president of Trancorp.

In a statement by Napoleon Esemudje, the company’s director of resources, Elumelu said Transcorp has a very special mission in Nigeria.

“We want to be the biggest provider of power to the Nigerian economy,” he said.

“We want to put light in homes, schools and hospitals. We want to provide the power for Nigeria’s industrialisation; and when foreign investors come to Nigeria, we want to host them in our Transcorp Hilton hotels across Nigeria.

“We also want to supply indigenous oil and gas to power our industries and infrastructure. I am very certain that Jibunoh will help us deliver on these big dreams.”

He also noted that Jibunoh has made high contribution towards the growth of Heirs Holdings.

“He is highly respected within the Group and has a record of outstanding leadership and the ability to innovate and execute”, he added.

Jibunoh expressed his commitment to help the company reach its strategic objectives.

He promised to continue to work and live by the company’s values of “execution, enterprise and excellence”.

Jibunoh will succeed Emmanuel Nnorom, who has been appointed president of Heirs Holdings, the pan-African investment firm, also chaired by Elumelu.

He is currently the director of business development at Heirs Holdings, a strategic investor in Transcorp.