Chairman’s Message

Since our founding in 1988, the Paragon Group through its managerial and operational skills, strategy and resources has emerged as a towering conglomerate and industry leader in many sectors in Nigeria including the oil and gas, construction, insurance, real estate and hospitality. We also have significant presence in the maritime and aviation servicing sectors, including the import-export trade.

The recognition, harnessing and utilization of human capabilities and creativeness are the most important foundations on which the group has been established. These, we use to push forward the frontiers of business and technological development in a way that the great power of gadgetry alone cannot. We believe that the foundation of our business should rest on the shoulders of our most prized asset, our human capital, and the virtues these personnel espouse. That is why we place such high standards on our staff and their contributions.

Over the years, the Paragon Group has tried to complement the efforts of successive Nigerian governments in their quest to stimulate rapid economic and technological advancement. However, since the 2008 financial crisis, Paragon Group has had to put a soft pedal on its PPPs (Public-Private Programmes), as it became imperative to take cognizance of the waning global risk appetite, fettered flow of foreign portfolio funds and huge fiscal imbalances in a number of Sovereign States. Our strategy, going forward, is informed by the recognition of the need to share risk and reward in a new world. A world, as have been observed in recent years, that has become much more interconnected than we have ever known and, as such, engendered very high correlations across asset classes.

In the new global economic order, it is patent that the margin of error in domestic and international trade is much narrower than ever before, hence the necessity for Paragon Group to form partnerships, joint ventures and consortia to midwife the entire value chain of commerce from conceptualization to completion of bankable projects.

With a strong balance sheet and salutary cash holdings, we are poised for long term, risk-adjusted growth. Our focus is to deliver high-quality, cost-effective projects on schedule by employing and supporting motivated, flexible, and focused teams. We value the importance of our relationships and will continue to remain fair and true in our dealings with all employees, clients, vendors, and partners. Our clients count on our dependability, our drive, and our integrity.

We take great pride in our accomplishments and build on them every day.

Prince E.O.C Eludoyin B.Sc. (Hons), MFR, JP
Chairman & CEO