President Muhammadu Buhari has said that the strides made by the Lagos Deep Offshore Logistic Base (LADOL) over the years are a proof that the reforms initiated by his administration were working.
According to the president, his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth.
Speaking at the State House, Abuja yesterday while receiving the Chairman and management of Lagos Deep Offshore Logistic Base (LADOL) on a courtesy visit, Buhari commended the company for taking full advantage of the pro-business policies put in place by his administration and aimed at bringing domestic and direct foreign investments which are yielding prosperity to the people of the country.
His words: “Your competitive and aggressive activity has brought you success. I am pleased that you are investing in a critical area, the oil industry, in which I have developed interest. I am happy you are training Nigerians and giving them respectful jobs. What you are doing shows that whoever tries will succeed.”
Explaining the purpose of his visit to the Presidential Villa, Abuja, the Chairman and Chief Executive of LADOL, Chief Oladipo Jadesimi said they had come to thank Buhari for creating an enabling environment and anti-corruption regime that have enabled their business to create a $10 billion investments and 50,000 new jobs.
On her part, the Managing Director of LADOL, Dr. Amy Jadesimi, informed Buhari that their investments had a mission to attract local and international companies that will help reduce the cost of off-shore support services.
The Senior Special Assistant to the President, Media and Publicity, Mr. Garba Shehu in a statement obtained by Maritime Bitsquoted the Managing Director saying that “policies initiated by this government by abrogating monopoly, thereby allowing international oil companies(IOC) to use any facility in Nigeria, yielded immediate positive result for the Nigerian economy by reducing costs by 50 percent.”
She disclosed that in the near future seven more floating production storage off-loading (FPSO) units will be built in Nigeria, bringing $100 billion investments, thousands of jobs and a diversification of the economy due to 70 per cent local content.
She expressed the determination of LADOL to turn Nigeria into a hub for logistics and heavy lifting in the sub-region by providing what she called “non-stop 24 hours seven days a week” support services in the Lagos area.