Thursday 3 March 2016

British Parliamentarians Urge Nigeria To Develop Free Trade Zones

MEMBERS of the British Parliament yesterday
advised the Federal Government to establish and
develop more Free Trade Zones (FTZ) in the
country as part of measures to tackle growing
unemployment.

According to them, maritime facilities, especially
the ones associated with FTZs, promote trade,
jobs, tackle poverty and inequality, among others.

Inspecting facilities at the Lagos Deep Offshore
Logistics (LADOL) in Lagos, seven members of the
parliament who came to Nigeria on trade mission,
described maritime facilities as critical to
economic development.

Led by a member of the parliament for Liverpool
West Derby and chair of the International
Development Select Committee, Stephen Twigg,
the parliamentarians pledged to strengthen
existing business relationship between Nigeria and
United Kingdom (UK).

The parliamentarians, who were accompanied by
representatives of the British High Commission,
Jason Molel and private sector development
adviser, Alessandra Lustrati, said projects like
LADOL attracts businesses and promotes
opportunities for all cadres of society.

Responding, LADOL’s Executive Director in charge
of business development, Jide Jadesimi, said first
class facilities are in place at the facility, adding
that the firm, in partnership with other
stakeholders, has concluded plans to commence
training and capacity development through its
academy.
According to Jadesimi, LADOL’s facility is
designed to add value to the nation’s economy
and create numerous.
He said that the company has a vision of
providing next growth opportunity that is aimed at
changing the entire economic landscape, noting
that the mission of LADOL is to emerge as an
industrial hub.

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