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Rasaq Okoya of Eleganza congratulats president-elect Asiwaju Bola Ahmed Tinubu, recommends industrial reforms

Eleganza Group of Companies, one of the most established and wholly owned indigenous manufacturing industries in Nigeria, has been in operation for over 60 years.

The Chairman and founder, Chief (Dr.) Rasaq Akanni Okoya CON., a veteran in the manufacturing sector and an elder citizen sends his hearty congratulations to our dear President-Elect, His Excellency Asiwaju Bola Ahmed Tinubu and Vice President-Elect, His Excellency Kashim Shettima on a well-deserved victory. He prays for a peaceful and successful term.

It is the ernest hope of our Chairman that the President- elect makes the industrialization of the entire country a cardinal goal by helping promote manufacturing and the establishment of mid-sized cottage industries / factories during his tenure.

As a suggestion, this could be achieved through incubation centres that will be domiciled in warehouses of approximately 5000 sqm size per cluster (one unit).
These centres will be seen as special economic zones and will serve as Industrial infrastructure required for the conversion of raw agricultural materials into finished products, as well as that of other consumer products spread across all sectors of the economy which can also be manufactured in these clusters.
The President-elect can then invite various (Chinese) machine manufacturers and that of many other countries alike to come and train our graduates in vocational skills, while also providing much needed technology transfer through the sales of machineries, and equipments to facilitate the manufacturing of different products and components as opposed to the importation of finished products, to conserve our precious foreign exchange.
Each unit in adherence to the 21st century demands of ECO friendliness and nature, will thus prevent environmental degradation.
This will provide practical experience which would give our youths (citizens) a strong sense of belonging, and a promise of hope hence promoting urbanisation in rural areas of the county and stem rural to urban migration by providing wealth in the rural communities where they live. This essentially will prevent overcrowding in already established parts of the country and also keep youths off the streets which will instil a sense of pride and dignity of labour in these youths.

With 50,000 units in each state, in each of the 37 states spread across the federation, they can focus based on the comparative advantages and specialization due to locational advantages in raw materials as well as geographic considerations. The communities will be complemented with suitable living establishments and infrastructure such as good roads, health centres, recreational facilities that will aid the agglomeration of the RURAL economies and communities and spur them into mini vibrant cities.
Clusters can be powered through renewable energy as a backup to the national grid power supply.

All this can be achieved with the aid of public private sector investment through lease holds of 10 to 25 years that will unleash and enable patient capital required to catalyse economic growth, jobs and entrepreneurship for our youths.

If this is done well, it will improve the GDP of the country and leapfrog into a modern industrialized economic power house that can serve the entire African continent.

We believe this new administration would promote commerce and industry and we pray for the President-elect by God’s grace to consider this and add it to his laudable agenda and blue print for the rebirth of our great Nation Nigeria.

By the same token we appreciate the good works done by the Governor of Lagos state His Excellency Governor Babajide Sanwo-Olu and his esteemed Deputy His Excellency Dr Obafemi Hamzat, who have continued to build on the foundation laid down by the President-elect in sustaining the transformational agenda of the state and making it a centre of excellence for Lagosians and many Nigerians at large.


God bless Nigeria and the Entire citizens of Lagos State. Amen

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