Senate satisfies with investments at LADOL Free Zone

L-R: Vice Chairman, Senate Committee on Trade, Industry and Investment, Senator Ishaku Elisha Abbo; Chairman of LADOL Free Zone Ladi Jadesimi; Chairman Senate Committee on Trade, Industry and Investment, Senator Francis Fadahunsi; and LADOL Free Zone Executive Director Business Development, Jide Jadesimi during the oversight function of the Senate Committee and the visit of Nigeria Export Processing Zone Agency NEPZA Board to LADOL Free Zone.

The Nigerian Senate says it is impressed by the investments in the LADOL Free Zone and commended Mr. Ladi Jadesimi, the Chairman of LADOL, for turning a disused swamp into a world-class industrial Free Zone over the last twenty years.

Chairman of the Senate Committee on Trade, Industry and Investment, Senator Francis Fadahunsi gave the commendation during an oversight visit to the zone last week and declared that the committee would support and protect the significant investments and achievements of the Zone.  

Also, the Managing Director of the Nigeria Export Processing Zone Agency (NEPZA), Professor Adesoji Adesugba has reassured LADOL of the agency’s support.

According to Senator Francis  Fadahunsi, “I am very happy to be here to see that things are really going on. At your age (speaking to LADOL Chairman, Mr. Ladi Jadesimi) you are still aware that Nigeria is your home, and you took the initiative to invest here even when you have options to invest in Dubai, Europe and America. By what you have done you deserve a national award by Mr. President.”  

“Whatever is being done in government-owned free zones can be done here. The Senate Committee on Trade, Industry and Investment is happy with you, and we will use our legislative power to back you. If the Chairman of LADOL and NEPZA introduce backward integration into this place and continue to enlarge this place and bring in more investment into the land so that our youths that are unemployed will be gainfully employed and crime rate will reduce.”   

Vice Chairman of the committee, Senator Ishaku Elisha Abbo also commended LADOL’s investment initiative

“I feel proud that an indigenous company like LADOL exists. It is not owned by some German, some Indians, or some Lebanese owning this strategic place. Sometimes I feel worried when I see these foreign investors in the name of investing take over our ports, nobody knows what they ship into our country. I am a member Senate Committee on Defence, a member of the Senate Committee on Interior and I am the Vice-Chairman of, Senate Committee on Nigeria Navy. So, when you see jetties all over own by foreign investors and we do not know what they bring from their ship and dock here, this gives us a lot of concerns security-wise.”  

“Seeing you investing in your country, we want to help you. If there are challenges, we in the senate will speak with one voice, if you are having challenges, please let us know. Your case is not a case of question and answer. We are not going to question you. We are going to support you.”  

According to Professor Adesoji Adesugba, “We will make sure that the business you want to do survives and nobody cheats you. You can count on the fact that Nigeria will support Nigerians any day. There is work in progress. We will make sure that businesses don’t go elsewhere, and we want businesses to come here.”    

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