President Muhammadu Buhari has said that 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 on Thursday while receiving the Chairman and Management of the LADOL Integrated Logistics Enterprise on a courtesy visit, President 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 investment which are yielding prosperity to the people of the country.
“Your competitive and aggressive activity has brought you success. I am pleased that you 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.”
The Chairman and Chief Executive of the company, Chief Oladipo Jadesimi said they had come to thank President Buhari for creating an enabling environment and anti-corruption regime that have enabled their business to create a 10 billion Dollar investment and 50,000 new jobs.
On her part, the Managing Director, Dr. Amy Jadesimi, informed the President that their investment had a mission to attract local and international companies that will help reduce the cost of off-shore support services.
According to her, “policies initiated by this government by abrogating monopoly, thereby allowing IOCs (International Oil Companies) to use any facility in Nigeria, yielded immediate positive result for the Nigerian economy by reducing costs by 50 percent.”
She said that in the near future, seven more FPSO (floating production storage off-loading) units will be built in Nigeria, bringing USD 100 billion investment, thousands of jobs and a diversification of the economy due to 70 per cent local content.
The Managing Director expressed the determination of LADOL to turn Nigeria into a hub for logistics and heavy lifting in the sub-region by providing non-stop, 24 hours, seven days a week support services in the Lagos area.
982057 8740This really is an outstanding article and I entirely understand where your coming from inside the third section. Perfect read, Ill regularly follow the other reads. 19170
370742 239180I like this internet internet site because so much utile stuff on here : D. 613115
512927 551715I come across your webpage from cuil and its high quality. Thnkx for giving this sort of an incredible article.. 579103
562206 332185Genuinely instructive and excellent structure of content material , now thats user friendly (:. 556098
853934 279550Flexibility indicates your space ought to get incremented with the improve in number of weblog users. 693476
272718 56244When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot! 1666
283341 438251Good post. I previousally to spend alot of my time water skiing and watching sports. It was quite possible the most effective sequence of my past and your content material kind of reminded me of that period of my life. Cheers 800749