SEE NIGERIAN BILLIONAIRE WHO MANUFACTURE & SELL ELECTRIC WIRES TO W.AFRICA Coleman Technical Limited

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  • Published on:  Saturday, October 2, 2021
  • Coleman Technical Industries Limited is a leading cable manufacturer and distributor in Nigeria. The Company has over 30 main products across the power, control, aerial, submersible, communication and other specialty cable categories with an extensive distribution network across Nigeria and some markets in West Africa. Coleman Wires & Cables operates three factories located in Arepo and Sagamu with annual installed production capacities of 15,000 metric tons of copper and 18,000 metric tons of aluminum conductors. These factories operate at an average capacity utilization of
    about 60% per annum.

    Coleman Technical Industries Limited was founded in 1975 by Asiwaju (Dr) Solomon K. Onafowokan OON, who also doubles as the current Chairman of the Board of Directors. The Company is essentially owned and managed by the Onafowokan Family. Mr. George Onafowokan is the Managing Director and Chief Executive Officer of the Company, while Engr Michael
    Onafowokan is the Executive Director in charge of Production and Technical.
    Although we recognise ongoing efforts to improve the Board efficiency with the recent appointment of two Independent Directors, Agusto & Co. still considers the ownership and management as highly concentrated.
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