Recession: Don’t give up on Nigeria, Emzor boss charges


– As company holds annual thanksgiving dinner

As the current economic recession bites harder in the country, a prominent industrialist has admonished Nigerians to remain upbeat as the nation is on its way to recovery.

Speaking at the 2016 Emzor Group’s annual thanksgiving dinner which recently took place at the Muson Centre, Onikan, Lagos, Dr Stella Okoli, founder/group managing director of the company reassured that there is always hope even when it doesn’t seem obvious to many.

“I am a strong believer in Nigeria. No matter what anybody says, I shall continue to see a bright future for our country and for all of us. I therefore encourage us not to lose who we are.

L-R: Mrs Eric Umeofia, director of Erisco Foods; Dr Stella Okoli, founder/group managing director, Emzor Group; and Mrs Dolapo Osinbajo, wife of Nigeria’s vice president at the thanksgiving dinner.

“Someone recently asked me what I stand to gain by not reducing output in recession. I responded that for as long as Emzor continues to touch lives and bring wholesome wellness, we will continue to remain in business,” she stressed.

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The Emzor boss further explained that the annual dinner is an opportunity to worship, honour and give thanks to God for His faithfulness.

In her remarks at the event, Mrs Dolapo Osinbajo, wife of Nigeria’s vice president took out time to eulogise the successes of Emzor Group saying that the company had indeed come a long way.

While calling on Nigerians to emulate the enviable personality of the company’s founder by engaging in charitable initiatives and adding values to lives, Osinbajo said that the Emzor boss had become a role model to many in the society.

“I have known her for a long time,” she said. “The interesting part of it is that even before we met in person, I had been privileged to see her on television programmes.”

Others in attendance at the occasion were Mrs Folorunsho Alakija, Africa’s richest woman; Pharm Olufemi Ojuoko, chief pharmacist, Ebute Metta Health Centre; Princess Sarah Sosan, former Lagos State deputy governor; Mrs Eric Umeofia, director of Erisco Foods; Mrs Yetunde Oni, acting director, National Agency for Food, Drugs Administration and Control (NAFDAC); Revd Dr Mercy Ezekiel, assistant general overseer, Christian Pentecostal Mission (CPM); Princess Adejoke Orelope-Adefulire, senior special assistant to the president on sustainable development goals (SDGs) and Dr Sonny Kuku, co-founder of Eko Hospital.

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Emzor Pharmaceutical Industries Limited is a wholly private indigenous pharmaceutical manufacturing group founded in 1984 by Dr. Stella C. Okoli, OON. The company is into the manufacture of high quality pharmaceutical products and medical consumables. Its holding company, Emzor Chemists Limited opened for retail business in January 1977 in Yaba, Lagos.

The rapid growth of the retail business encouraged Emzor Chemists Limited to venture into the importation and wholesale of assorted pharmaceuticals. The idea to manufacture locally came later and this was predicated on the need to develop local capability, create jobs and provide high quality pharmaceutical products and services to the Nigerian people at prices that are not only affordable but represent value.

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Emzor Pharmaceutical Ind. Ltd. started pilot production in 1985. By 1988 it had become an established pharmaceutical manufacturing company especially with the introduction of Emzor Paracetamol which is today a leading brand of analgesic not only in Nigeria but across Sub Saharan Africa.

The company’s factory is located in the Isolo industrial area of Lagos with facilities to make a wide variety of high quality pharmaceutical products that meet international standards at affordable and competitive prices. All Emzor products meet the highest international standards and are duly registered with NAFDAC.


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