AMINU ADO, chairman, IMG Nigeria Plc, speaks on the company’s performance in 2025, factors behind significant growth in shareholders’ equity, strategic importance of the Sagamu expansion project, and outlook for Nigeria’s industrial and medical gases sector, writes IHEANYI NWACHUKWU. Excerpts
IMG doubled shareholders’ equity in 2025. What drove this remarkable achievement?
The growth in equity reflects disciplined financial management, prudent capital allocation, retained earnings, and the strengthening of our asset base. It demonstrates our commitment to building long-term shareholder value and ensuring the company has the financial capacity to pursue expansion opportunities, including strategic investments in infrastructure and production capacity.
How has foreign exchange volatility affected the industrial gases industry, and what measures can help address this challenge?
Foreign exchange (FX) volatility has a significant impact on the industry because many critical production assets, spare parts, cylinders, and engineering components are sourced internationally. Sharp currency movements increase replacement costs, affect
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