Profile and Biography of The Billionaire, Rasaq Okoya





Rasaq Okoya is the founder and chairman of Eleganza Group, one of the largest conglomerates in Nigeria. And it is also a company that focuses on production of household items like cutleries, kitchen utensils, ballpoint pens, food warmers, ice chests, electric fans etc.

Okoya was born in Lagos on 12th January, 2020 to the family of Tiamiyu Ayinde Okoya, a popular fashion designer. His father's fashion designing business gave him the experience and courage to venture into business activities because he helps his father in tailoring and sales of tailoring materials.

He traveled out of the country to acquire manufacturing skills, and came to implement them in Nigeria. The result gave birth to his multi billion naira business which is Eleganza Group. And his factory has locations in Iganmu, Alaba, Isolo and Oregun-Ikeja.

He also owns a real estate entity known as RAO Property Investment and he owns the Oluwa Ni Shola Estate around Lekki/Ajah expressway.

He began the importation of shoes from Italy and there was a time he was disappointed by his supplier who refused to supply him shoes despite making his order and payments. He traveled to Italy and discovered that his money has diverted else where. He then decided to start manufacturing his own shoes by importing the shoe making equipment and employing the experts.

His major target in business is to ensure the domestic production of household items that will have the same quality as the ones produced abroad and also supply them at cheap prices. And this is among the secrets of his success in business today.

As far as his formal education is concerned, he had his only formal education at Ansar-u-deen Primary School, Oke-popo, Lagos.

He celebrated his 80th birthday in Lagos on the 12th January, 2020 and the occasion was graced by popular celebrities in Nigeria.

   Asiwaju Bola Ahmed Tinubu, Chief Olusegun Obasanjo and Vice President, Prof. Yemi Osinbajo with Alhaji Rasaq Okoya during Okoya's 80th birthday celebration.

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