Fire outbreak at Erisco foods warehouse, destroys goods worth N450 million

Erisco Foods Ltd General manager, Mr Tokunbo Agbede, on Tuesday during a conference in Lagos disclosed that goods worth about N450 million were destroyed in a fire that gutted Erisco Foods Ltd warehouse in Lagos.

Agbede said that the cause of the incident which happened about 6 a.m. on Monday at the Eleganza Warehouse of the company had yet to be ascertained.

He said there is an going investigation into the incident by the Nigerian Police and the Lagos State Fire Service.

“The fire is a colossal loss to the company at a time when we are trying to wind down production in Nigeria.

“The destruction of our raw materials will not have been much if government agencies had supported us with foreign exchange and favourable business environment.

“As it, most of the raw materials were destroyed because they were lying in the warehouse unused with other tomato paste that have yet to be sold,’’ Agbede said.

He urged regulatory agencies to support local manufacturers in a bid to stimulate the economic growth desired by government.

Posted by Juliet Ekwebelam(NAN)