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Home Business & Finance

Tinubu hails Kresta laurel’s stellar 35-year milestone

President lauds firm's resilience and past support

Rtn. Victor Ojelabi by Rtn. Victor Ojelabi
October 2, 2025
in Business & Finance, News
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krestal laurel

Asiwaju Bola Tinubu, Nigerian president and Otunba Gbenga Daniel, chairman, Krestal Laurel

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Kresta Laurel marks 35 years of excellence as President Tinubu praises its resilience and contributions to Nigeria’s engineering sector.

Kresta Laurel Limited has reached a triumphant milestone, celebrating 35 years as Nigeria’s premier indigenous elevator powerhouse.

President Bola Tinubu has extended warm congratulations to the firm, spotlighting its unyielding resilience amid economic storms.

Headquartered in Lagos with branches in Abuja, Port Harcourt, Uyo, and a zonal office in Ibadan, Kresta Laurel stands as a beacon of engineering excellence.

The company specialises in elevators, escalators, cranes, and uninterruptible power systems, partnering with global giants like KONE from Finland.

Tinubu’s commendation rings with admiration for the firm’s disciplined enterprise.

The president vividly recalls a pivotal moment from 1999, when Kresta Laurel provided vital office space to his transition team.

He notes that such longevity stems from robust management and savvy business practices, qualities that have propelled Kresta Laurel to win the African Order of Merit in Cranes, Escalators, and Elevator Technology.

The president vividly recalls a pivotal moment from 1999, when Kresta Laurel provided vital office space to his transition team.

This support helped assemble the technocratic cabinet that revitalised Lagos governance from May that year, forging a bond of gratitude that endures.

In a heartfelt nod, Tinubu thanks Kresta Laurel for its steadfast faith in Nigeria’s vibrant market.

He extends special cheers to Chairman Senator Gbenga Daniel, wishing the board and staff boundless success and countless more anniversaries.

Also read: Otunba Justus Olugbenga Daniel: A profile of a political leaders’ leader

This anniversary reinforces Kresta Laurel’s transformative role in Africa’s infrastructure landscape.

As the firm eyes fresh horizons, its story inspires entrepreneurs nationwide to embrace innovation and grit.

Kresta laurel
Krestal Laurel building in Maryland, Lagos
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Rtn. Victor Ojelabi

Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.

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