LONGRICH to invest additional $100M in LFTZ

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Lagos State Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs) Lola Akande recently received top officials of LONGRICH Production Company on a courtesy where the company representatives expressed the readiness of the company to inject additional $100M worth investment to the Lekki Free Trade Zone.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

Lekki Free Trade Zone is a collaboration of the Chinese and Nigerian governments under the management of Lekki Free Zone Development Company (LFZDC). Spread over 805 hectares of land, the zone will have several industrial zones and offer access to an enormous consumer market across West Africa.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

- Advertisement -

Dr. Akande who described the proposed investment as a good development for the State and Nigeria as a whole added that when the investment potential of the Zone is finally harnessed, the economy of the State would receive a major boom just as more job opportunities would be created.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

Akande disclosed that the proposed $100M investment which would come to fruition this year is an additional financial commitment by the company to the Zone following an earlier investment worth $20M injected by the company for the construction of its plants and offices in LFTZ.

Read Also:  13.4M Passengers Traveled Through Nigerian Airports In 2017 - NBS

LONGRICH to invest additional $100M in LFTZ - Brand Spur

- Advertisement -

As at today, Longrich remains the largest and most advanced centre for research, development, manufacture and sales of cosmetics and healthcare products in China, with their products in over 150 countries of the world.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

In the same vein, the Commissioner received the management team of UpField Foods Nigeria Ltd where issues bordering on mutually beneficial relationships between the company and the state government were discussed.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

- Advertisement -

Upfield is the largest plant-based consumer packaged goods company in the world, operating in 95 countries and sells multiple brands of margarine and other food spreads, including Flora, Blue Band, Stork, Becel and Country Crock.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

In another development, the Commissioner and other senior officials of the ministry paid an assessment tour to the ALARO CITY located within the LFTZ where the Commissioner appreciated the progress of works within the city.

LONGRICH to invest additional $100M in LFTZ - Brand Spur

ALARO CITY is located within LFTZ and it’s a 1,000 hectares of land out of the 16,000 hectares land in the Trade zone. The land is earmarked as a mixed development site located within LFTZ and will serve both industrial and residential purposes.

- Advertisement -
LONGRICH to invest additional $100M in LFTZ - Brand SpurLONGRICH to invest additional $100M in LFTZ - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

LONGRICH to invest additional $100M in LFTZ - Brand SpurLONGRICH to invest additional $100M in LFTZ - Brand Spur

Latest News

Southco’s New Bifold Torque Hinge Improves Fold-out Table Operation in Transportation Interiors

HONG KONG SAR - Media OutReach - 21 January 2021 - Southco Asia Ltd., a subsidiary of Southco Inc., a...

Azbil to Advance Building Automation Solutions with the Smart Urban Co-Innovation Lab Led by CapitaLand

TOKYO, JAPAN - Media OutReach - 20 January 2021 - Azbil Corporation (Tokyo Stock Exchange Code: 6845) announced that it will participate in an initiative to test...

Asian Productivity Organization (APO) Commences Productivity Diamond Jubilee Launching Ceremony

TOKYO, JAPAN - Media OutReach - 20 January 2021 - The Tokyo-based Asian Productivity Organization (APO) commences its Diamond Jubilee through a virtual launch on 21 January 2021, 14:00...

Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia

BEIJING, CHINA - Media OutReach - 20 January 2021 - The global pandemic has changed the working lives of many people across the world, including in Cambodia. Chairman Neak Oknha...

Cloud Comrade Recognised as Rising Star Partner of the Year at the 2020 Microsoft Singapore Partner of the Year Awards

SINGAPORE - Media OutReach - 20 January 2021 - Cloud Comrade was announced a winner in the Rising Star category at the 2020 Microsoft Singapore Partner of the Year Awards....
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -LONGRICH to invest additional $100M in LFTZ - Brand SpurLONGRICH to invest additional $100M in LFTZ - Brand Spur