NEPZA commends LADOL’s investment in Agric, Health Free Zone Initiative

L-R: NEPZA's General Manager Operations Private, Muazu Ruma; Managing Director of NEPZA, Prof Adesoji Adesugba; Managing Director of LADOL, Dr. Amy Jadesimi during a courtesy visit of the Managing Director of NEPZA and it top management team to LADOL's Free Zone.

The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Professor Adesoji Adesugba has commended Lagos Deep Offshore Logistic Base (LADOL) on various investment project expansions designed to attract agricultural processing and healthcare companies into the Zone.

NEPZA boss Adesugba gave the commendation when he toured LADOL facilities in company of his top management staff on Tuesday, August 18, 2020 in Lagos

Praising the LADOL on partnerships with international companies such as Mammoet, Adesugba stated that LADOL’s development of infrastructure and facilities for logistics, now being expanded to support a wide range of industries, is both strategic for the company and for Nigeria.

“More than one billion dollar is spent by Nigerians going abroad for medicals tourism every year and that is an opportunity for us now that nobody can travel to attract very good investment in this sector and to get the hospital to come very close to us in Nigeria by using the Free Zone strategy. This is one area we will be very happy to work with you (LADOL) in promoting the very important aspect of Agriculture Free Zone. I am happy that you are thinking in that direction,” said he.

He further explained that he had assumed the leadership position of the agency at a time when COVID-19 pandemic was ravaging the world, necessitating a holistic strategy towards medical tourism using Free Zone approach in Nigeria.

Adesugba commended LADOL initiative in setting up more cold store facilities, which he suggested could also service the fishing industry in Nigeria, which he identified as a key opportunity for private sector owing to the significant amount of fish Nigerians consume annually.

He reiterated the importance of maintaining a harmonious, seamless working relationship between NEPZA and its sister agencies in Free Zones. ‘’Such harmony will ensure that Free Zones can contribute significantly to Nigeria’s economic growth and meet government objectives of encouraging industrialisation. Strengthening of the NEPZA Free Zone scheme will make Nigerian industries highly competitive, especially in the light of the recently signed CFTA, the Africa Continental Free Trade Agreement.’’

 “I have also thought about the reason why government set up NEPZA… because they are supposed to be geographic enclaves that operate with the same rules and standards of other Free Zones across the world,” said Adesugba who praised LADOL for keeping a healthy relationship with NEPZA and all the government agencies in the zone.

Prof Adesoji Adesugba stated that Nigeria as country was very serious and committed to industrialisation and ensuring that finished goods were not dumped in the country and pledged that NEPZA would encourage LADOL more than they have done.

While speaking the Managing Director of LADOL, Dr. Amy Jadesimi noted that Prof. Adesoji Adesugba was more than qualified to take NEPZA to the next level.

Jadesimi expressed gratitude to NEPZA for the visit and said that they would continue the development of LADOL to achieve the mission and vision of making Nigeria the Industrial Hub for Africa.

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