Lagos State Governor pre-launches $50 million manufacturing plant in Lekki Free Trade Zone

Google+ Pinterest LinkedIn Tumblr +

Mr. Akinwunmi Ambode, the Governor of Lagos State pre-launched a $50 million manufacturing plant in Lekki Free Zone.

The Governor said he hoped the factory, which belongs to Longrich, a Chinese firm, will go a long way to create jobs and boost the Nigeria’s foreign exchange earnings.

He said the facility was another success story of the efforts of the state government in attracting investment, as well as an eloquent confirmation of the strategic importance of the free trade zone to Lagos state’s economy.

Ambode revealed that 25 companies were presently setting up manufacturing plants within the zone, noting it was indeed gratifying that the efforts to drive investments were yielding positive results.

The Governor said that the most important thing to him is that whether in government or outside of government, factories were springing up in the zone, thereby creating job opportunities for the people and improving the economy of the State.

He also commended Longrich Group of Companies for the decision to site the $50 million factory in Lagos of all the cities and countries in Africa, saying the State and the country stand to benefit immensely from the investment.

Ambode said “I have been informed that this Lekki Longrich facility, upon completion, would not only be the hub for the distribution of the products to the African sub-region but would provide employment for at least 1,000 new workers in our State and boost the nation’s foreign exchange earnings from exportation of manufactured products to other African Countries”.

Chairman of Longrich, Mr. Xu Zhiwei commended Ambode for creating the enabling environment for businesses to thrive in the State. He said it was on record that the governor’s efforts made it possible to set up the factory which would fully take off in October 2019.


Leave A Reply