Longrich, an international multi-level marketing platform, has disclosed plans to unveil a $50m factory in Lagos to make products for multinational firms.
The company, which manufactures a wide range of health care, cosmetics, household cleaning, furniture, and other products, says the Lagos factory will be unveiled in the first quarter of 2020.
Chief Executive Officer of Longrich International Market, Mr Alex Jia, disclosed this when met with the Ooni of Ife, Oba Adeyeye Ogunwusi, in Lagos.
Jia, who was in accompany with the wife of the former Governor of Lagos State, Mrs Bolanle Ambode; the first Black Five Star Director of the company, Mrs Titilope Ejimagwu, President of Women Arise, Dr Joe Okei-Odumakin; her husband, Mr Yinka Odumakin, and others, stated that the plant would produce different products for various multi-national companies already operating in Nigeria.
He said, “In 2019 alone, we have well over one million new members and what we want our members to look at is the long-term investments. We are setting up a $50m factory in Lagos that would produce products for other multinational companies. China is investing in Africa and another $150m factory will soon be established in Nigeria.”
The company’s first Black Five Star Director, Ejimagwu, said they had come to seek the assistance of the royal father to reach the grass roots in the South-West region of the country, adding that the multi-level marketing opportunities provided by the company were still open to millions of Nigerians.
Also, a director in the company, Mr Seun Ososisan, said the multi-level marketing company had worked its way up to being ranked the 42nd multi-level marketing platform in the world and number one in Nigeria.
He said the new $50m plant would take at least 5,000 persons off the streets of Lagos, adding that the meeting with the Ooni of Ife was meant to expand the frontiers of reaching out to thousands of Nigerian youths.
“The CEO of the company insisted that we should meet with the Ooni of Ife to further reach out to the grass roots. We need your support and if given the opportunity, we would turn around the economy of not only Nigeria but Africa,” he added.
In his response, Oba Ogunwusi promised to help the company get across to the grass roots, especially the youths all over the country.
According to the Ooni, who said he has over six million followers in one of his social media platforms, there is a need to always empower the Nigerian youths to keep them busy.
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