As part of initiatives unveiled ahead of its fourth anniversary, Velox Real Estate & Investment Limited has officially transitioned into Velox Holdings.
As a result, the coy unveiled six dynamic subsidiaries poised to redefine Nigeria’s business landscape.
The announcement was made during a strategic management meeting attended by key stakeholders, where the company’s Managing Director, Mr. Nwakanma Akorvueze, elaborated on this significant evolution.
The newly established subsidiaries under Velox Holdings include: Afrilox Energies, Afrilox Agro Ltd, Afrilox Haulage & Logistics, Velox Real Estate & Investment Limited, Nest & Roam and Landpay.
This strategic diversification aims to create a robust ecosystem that addresses critical sectors of the Nigerian economy, fostering innovation and sustainable growth.
During the management meeting, Mr. Nwakanma Akorvueze expressed enthusiasm about the company’s new direction. “Our transition into Velox Holdings is a testament to our commitment to innovation and resilience. Each subsidiary is strategically positioned to address specific market needs, and together, they form a cohesive unit that will drive economic development and create value for our stakeholders,” he stated.
The transition has also opened wider doors to investors from across the globe, positioning Velox Holdings as an accessible and attractive entry point into Africa’s fast-growing markets. “This model gives every stakeholder a place in our journey,” Mr. Akorvueze noted. “Whether in energy, agriculture, logistics, technology, or real estate, we are building opportunities that invite shared success.”
Velox Real Estate has been at the forefront of pioneering projects, including the development of Nigeria’s first overwater holiday bungalow in Abuja and an eco-friendly commercial and residential resort in Port Harcourt. These initiatives underscore the company’s dedication to sustainable development and enhancing Nigeria’s tourism and real estate sectors.
