NMTL was founded in 1980 in Osogbo, Nigeria as a joint venture between the Federal Government of Nigeria (“FGN”) and the Indian government-owned Hindustan Machine Tools (International) Limited (“HMT”). The Company commenced operations in January 1983 with the primary objective of machine tools production and assembly. In 2006, a Private Group acquired 70% of the Federal Government of Nigeria’s shares in Nigeria Machine Tools Limited under the Federal Government of Nigeria’s privatization program thus bringing the company under private ownership and control.
Over the years a wide range of complementary products and services have been added to the primary objective assembly of machine tools production and assembly. This has positioned NMTL to play a leading role in Nigeria’s quest for industrialization.
To be the preferred value-adding equipment manufacturer and services provider in Sub-Saharan Africa
The manufacturer of choice for tools, products and services