President Muhammadu Buhari yesterday said that his administration will continue to implement policies that attract investment and increase competition in critical sectors of the economy for employment creation and growth.
The president said this when he received the Chairman and Management of the LADOL Integrated Logistics Enterprise at the State House Abuja, where he commended the company for taking full advantage of the pro-business policies put in place by his administration.
“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,” he was quoted in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu.
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.”