Ambode launches $50m factory at Lekki Free Zone

Ambode launches $50m factory at Lekki Free Zone

Lagos State Governor, Akinwunmi Ambode on Sunday performed the “pre-launch” of a $50 million manufacturing plant in Lekki Free Zone, saying the facility would create over 1,000 jobs and boost the nation’s foreign exchange earnings.

Speaking at the pre-launch of the factory belonging to Longrich, a Chinese firm, Ambode said the facility was another success story of the efforts of the state government in attracting investment.

He said a total of 25 companies were presently setting up manufacturing plants within the zone, saying it was indeed gratifying that the efforts to drive investments were yielding positive results.

The governor said 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.

According to him, “One of the most fulfilling feelings in life is to see one’s efforts yield positive results. It gives me immense satisfaction to be here today to witness this pre-launching ceremony of Longrich Nigeria Manufacturing Plant to be located in the Lekki Free Zone in Lagos State, Nigeria.

“At the inception of this administration, one of our core focus areas was attracting investments to our State; to create employment for our people and wealth for our investors. Today’s event is one of those crowning moments that confirm that our efforts have been rewarded.”

Ambode particularly commended Longrich 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. 

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