Thousands Of Jobs Saved, Local Content Deepened As FG Intervens In LADOL/NPA Dispute- Jadesimi 

Yemisi Izuora

The Lagos Deep Offshore Logistic Base ( LADOL), has advised its stakeholders to abide by the Federal Government’s final directive on affirmation of Lease Agreement they all entered into.

LADOL management is a statement yesterday by its chairman, Mr. Ladi Jadesimi pointed out that governments intervention was geared towards resolving the dispute, restoring investor confidence to the industry and bring Nigeria Ports Authority,  NPA’s actions in conformity with extant laws and Federal Government Policy on Local Content.

He was particularly appreciative of the fact that the successful mediation and the timely intervention has saved jobs, protected huge private and public investments and highlighted a deep commitment to the local content policy.

Jadesimi, confirmed that the management has received the Presidential approval issued in 2018 granting that Global Resource Management Limited a 25 year lease covering the entire area of the Free Zone is valid and subsisting.

The chairman therefore advised all stakeholders to comply with the order, adding that the LADOL Free Zone is whole and intact and all Enterprises, visitors, stakeholders and others in the Zone should adhere to the rules and regulations of the Zone.

 

“This decision shows due recognition and understanding for the spirit in which LADOL Group’s shareholders, both private and public, have been investing in developing  the Zone out of a disused swampy area since 2004. This investment continues today, in line with the policies of the Federal Government and in support of the economy of Nigeria.” Jadesimi said.

 

The chairman unequivocally commended employees, stakeholders, and customers for their loyalty, patience and support, and for keeping faith with us throughout this period.

 

He said, LADOL remains committed to helping to make Nigeria the industrial hub for West Africa, adding, “Our shareholders remain undeterred in their long-term commitment to making investments that will turn the Zone into a Sustainable Industrial Special Economic Zone which will be a blueprint for sustainable industrialisation of Africa.

“LADOL remains a law abiding corporate citizen and is looking forward to continuing our strategic partnerships with the Nigerian Content Development and Monitoring Board, the Nigerian Ports Authority, the Nigeria Export Processing Zones Authority,  all the agencies in the Zone and our stakeholders. “

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