Nigerian industrialist Razaq Okoya’s Eleganza moves to restart factory after shutdown

The reopening will restore operations at a facility that previously manufactured some of the company’s best-known products.

Omokolade Ajayi
Omokolade Ajayi
Nigerian industrialist Razaq Okoya

Eleganza Group, the manufacturing conglomerate controlled by Nigerian industrialist Razaq Okoya, is preparing to reopen its Alaba-Suru factory in Lagos as it moves to expand production capacity and bring its products closer to customers. The reopening will restore operations at a facility that previously manufactured some of the company’s best-known products.

The factory, which produced household essentials including coolers, plastic chairs and other consumer goods, is expected to strengthen Eleganza’s distribution network across Lagos. Its return to production would also position the manufacturer closer to distributors, retailers and customers, supporting wider access to its locally manufactured products.

Production set to resume

Founded in 1978 by Okoya, Eleganza began with cooler manufacturing in Oregun, Ikeja, before expanding into a broad portfolio of household and industrial products. The company said preparations for the Alaba-Suru factory’s reopening were underway, expressing optimism that production would resume soon.

Eleganza assured customers that its products would continue to meet the brand’s quality standards when the factory reopens, adding that production would resume once operations restart. The move is aimed at improving product availability while strengthening the company’s manufacturing and distribution network. 

A household manufacturing brand

For decades, Eleganza has maintained a presence in Nigerian households through products ranging from writing pens and plastic chairs to school furniture, cooling boxes, travel luggage and aluminum roofing sheets. Its broad product range has helped establish the company as a familiar name in Nigeria’s domestic manufacturing industry.

Okoya has also invested in large-scale manufacturing infrastructure through Eleganza Industrial City, a 35-hectare industrial complex located within Nigeria’s free trade zone. The facility reflects the industrialist’s investment in automation and manufacturing capacity, supporting the company’s position across several consumer and industrial product categories.

Thousands of livelihoods supported

Beyond its manufacturing operations, Eleganza has built an extensive employment and distribution network. The company’s businesses employ more than 5,000 Nigerians and support the livelihoods of over 25,000 others involved in selling its products, extending its economic footprint beyond factory operations into retail and distribution.

The planned reopening of the Alaba-Suru facility would add another production location to the company’s manufacturing network. By bringing production closer to Lagos’ commercial markets, Eleganza aims to improve access to its products while strengthening its relationships with distributors and other participants in the local consumer goods market.

Okoya’s broader business interests

Okoya’s investments extend beyond manufacturing into real estate through RAO Property Investment Company. Among his notable developments is Oluwanishola Estate, his residential property along the Lekki-Ajah Expressway in Lagos, which has attracted expatriate residents and reflects his investments in high-end residential real estate.

The estate features marble flooring, central air conditioning, a sauna, landscaped gardens, a billiard room, a tennis court, swimming pools and an extensive collection of sculptures. It also offers uninterrupted electricity and water supply, amenities that distinguish the development within Lagos’ premium residential property market.

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