Executive Summary

AKFA-TEC Engineering Services Limited is a fast-growing Nigerian engineering and construction company founded in 2017 and incorporated in 2022. It delivers services in road construction, bridges, drainage, buildings, civil and structural works, mechanical engineering, project management, procurement, and equipment maintenance. Nigeria’s infrastructure gap creates strong opportunities in transport, housing, and public works. AKFA-TEC has the expertise to deliver quality projects for government, private, and institutional clients. The company seeks investment to expand operations through equipment acquisition, stronger working capital, skilled staff recruitment, and modern project management systems. This will enable it to handle larger contracts, improve efficiency, and grow nationwide. Its long-term goal is to become a leading Nigerian infrastructure company known for quality, innovation, and timely delivery, offering investors strong growth and value. AKFA-TEC Engineering Services Limited is seeking to raise ₦500 million through an equity investment to acquire construction equipment, strengthen working capital, expand operations, and execute larger infrastructure projects across Nigeria. Executive Team Summary AKFA-TEC Engineering Services Limited is led by its Founder, Managing Director, and Chief Executive Officer, Engr. Akinola Ebenezer Fatoye, an accomplished engineering professional with extensive experience in civil and mechanical engineering, construction project management, infrastructure development, engineering procurement, contract administration, and business leadership. Since founding the company in 2017, he has transformed AKFA-TEC into a registered limited liability company with a clear vision of becoming one of Nigeria's leading engineering and infrastructure development firms. Engr. Fatoye is responsible for the company's strategic direction, corporate governance, business development, financial oversight, project execution, client relationship management, and quality assurance. He has successfully led multidisciplinary engineering teams in the planning, design, and execution of road construction, drainage systems, bridges, culverts, buildings, and other civil infrastructure projects. His leadership emphasizes technical excellence, innovation, integrity, safety, environmental responsibility, and client satisfaction. The executive management team is supported by a network of experienced engineers, project managers, quantity surveyors, site supervisors, procurement specialists, technicians, equipment operators, and administrative professionals. Together, they bring expertise across the entire project lifecycle—from feasibility studies, engineering design, budgeting, procurement, and construction to quality control, commissioning, and post-project maintenance. This integrated approach enables AKFA-TEC to consistently deliver projects that meet industry standards while remaining on schedule and within budget. The company's leadership has developed strong capabilities in contract management, risk assessment, cost optimization, regulatory compliance, and stakeholder engagement. These competencies have enabled AKFA-TEC to build trusted relationships with government agencies, private sector organizations, real estate developers, and institutional clients seeking reliable engineering solutions. As part of its long-term growth strategy, AKFA-TEC is committed to strengthening its executive leadership by recruiting highly experienced professionals in finance, operations, business development, legal compliance, information technology, and project management. The company also plans to establish an independent advisory board comprising industry experts to provide strategic guidance, enhance corporate governance, and support sustainable expansion. The management team is driven by a culture of accountability, transparency, innovation, and continuous improvement. Through investment in modern construction technologies, workforce development, digital project management systems, and equipment acquisition, the leadership is positioning AKFA-TEC to execute larger and more complex infrastructure projects across Nigeria and West Africa. With a clear strategic vision, disciplined management practices, and a strong commitment to excellence, the executive team is confident in its ability to deliver sustainable growth, generate attractive returns for investors, and contribute meaningfully to the development of critical infrastructure that supports economic growth and improves communities. Overview of Financial Performance AKFA-TEC Engineering Services Limited has demonstrated steady financial growth since its establishment, supported by increasing demand for engineering and construction services. The company has consistently generated revenue through the successful execution of civil, structural, and mechanical engineering projects while maintaining prudent financial management and disciplined cost control. Our focus on efficient project execution, quality service delivery, and strong client relationships has enabled us to build a growing portfolio of contracts and maintain healthy operational performance. Revenue has continued to improve as the company expands its market presence and project capacity. With the proposed investment, AKFA-TEC expects to significantly increase revenue, improve profitability, strengthen cash flow, and enhance long-term shareholder value by executing larger infrastructure projects and expanding operations across Nigeria. Overview of the Market Nigeria's engineering and construction sector is experiencing strong growth, driven by increasing demand for roads, bridges, housing, drainage systems, and other critical infrastructure. Rapid urbanization, population growth, and continued government investment in infrastructure have created significant opportunities for experienced engineering and construction companies. AKFA-TEC Engineering Services Limited is well positioned to capitalize on this growing market by delivering high-quality, cost-effective engineering solutions to government agencies, private developers, corporate organizations, and institutional clients. With increasing demand for reliable infrastructure and sustainable construction practices, the company is strategically positioned for long-term growth and profitability.