GERMAN FIRM TO PROVIDE 25,000 DIRECT EMPLOYMENT IN LAGOS

A German firm, The Knauf Group is set to invest $75 million building/construction tools manufacturing factory in Lagos. The company is known for producing modern installation materials, dry lining system, plasters and accessories, thermal insulation composite systems, paints, floor screed, floor systems, and construction equipment and tools.

The Group on completion of the building will employ 25,000 persons and will train in it first batch at least 800 Nigerians who are architects, civil engineers and craftsmen on how to technically install their products. The Firm also have 23 training centres around the world and has trained 14,000 persons annually.

In a meeting with the governor of Lagos State, on Thursday, the delegates, Isabel Knauf a member of the Management Committee of the company and Mr. Ingo Herbert, the Consular General of German Embassy, requested for land space to establish the training centre and permits issues which was duly granted by the governor of Lagos State, Mr. Akinwunmi Ambode.

The Governor loud their efforts and their believe in Nigeria and Lagos State despite the economic recession. He said: ” I recalled the last time Herbert visited the Lagos House about eleven months ago.” He also said ” his administration has remained focused to the promise of upholding judicial and security sector reforms, as well as creating a friendly environment for investment to thrive.”

Mr. Ambode continues, “I must commend the German government and The Knauf Group for showing something important to all Nigerians that beyond the economic recession, their total believe in our economy is unshaken because it is not enough for any investor to come into an area where they have never invested before and months after, the parameters for investment are not really looking good, but you stuck in there and beyond the fact that you have gone to procure land, you also have an established office within the last eleven months and you are already pumping in money into what you want to do.”