Okoya’s Eleganza prepares to reopen Lagos factory after shutdown

Nigerian industrialist Razaq Okoya’s Eleganza Group is preparing to reopen its Alaba-Suru factory in Lagos after a shutdown, in a move aimed at restoring production and strengthening its distribution network.

The factory, which previously produced household items such as coolers, plastic chairs and other consumer goods, is expected to resume operations soon.

The company said preparations for the reopening were underway, expressing optimism that manufacturing activities would restart shortly.

It added that products manufactured at the facility would continue to meet its established quality standards, while the resumption would improve availability for distributors, retailers and consumers across Lagos.

Founded in 1978 by Okoya, Eleganza began operations with cooler manufacturing in Oregun, Ikeja, before expanding into various household and industrial product categories.

Over the decades, the company has established a presence in the Nigerian market through products including writing pens, plastic chairs, school furniture, cooling boxes, travel luggage and aluminium roofing sheets.

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The planned reopening of the Alaba-Suru facility is expected to bring production closer to Lagos’ commercial markets, potentially improving distribution and access to the company’s locally manufactured products.

Okoya has also invested in large-scale manufacturing infrastructure through Eleganza Industrial City, a 35-hectare industrial complex located within a Nigerian free trade zone.

The company employs more than 5,000 Nigerians and supports the livelihoods of over 25,000 others through its distribution and retail networks.

Beyond manufacturing, Okoya has business interests in real estate through RAO Property Investment Company, including the Oluwanishola Estate along the Lekki-Ajah Expressway in Lagos.