LAGOS — An emerging business alliance between Lanre Okoya, son of billionaire industrialist and founder of the Eleganza Group, Aare Razaq Okoya, and Les Ojugbana, son of distinguished nobleman, accomplished businessman and founder of MADEC Associates Nigeria Limited, Chief F. E. Ojugbana, is attracting growing attention within Nigeria’s business and investment community.
Industry observers say the partnership is significant not only because of the family names involved, but also because both men have independently built successful entrepreneurial ventures and investments beyond their family legacies, with interests extending into international markets.
The alliance is generating interest for its potential to combine industrial expertise, agribusiness innovation, business development experience and strategic investment capabilities at a time when Nigeria intensifies efforts to strengthen agriculture, industrialisation, infrastructure development and economic diversification.
Building on Strong Legacies
Lanre Okoya represents a new generation of leadership within one of Nigeria’s most prominent business families. The Eleganza Group, founded by Aare Razaq Okoya, grew into one of Nigeria’s leading indigenous manufacturing conglomerates, with interests spanning household products, plastics, furniture, cosmetics and real estate.
