President Muhammadu Buhari
says his administration will continue to implement policies that attract
investment and spark competition in critical sectors of the economy for
employment creation and economic growth.
The President gave the
assurance when he received the Chairman and Management of the LADOL Integrated
Logistics Enterprise, who visited him at the State House, Abuja on Thursday.
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 were yielding prosperity to the people of the country.
He said: “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.”
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 had enabled their business to create a 10 billion dollars
investment and 50,000 new jobs.
The Managing Director, Dr.
Amy Jadesimi, informed the President that their investment had a mission to
attract local and international companies that would help reduce the cost of
off-shore support services.
According to her, the
policies initiated by the Federal 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 per cent.
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