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Successful anchor of Egina Project, a testimonial of ease of doing business in a liberalised environment– Vice President Osibanjo

The Acting President of Nigeria, Prof. Oluyemi
Osinbajo (Middle), the Managing Director of Nigerian Ports Authority (NPA),
Hadiza Bala Usman (left) and the Chairman of LADOL, Ladi Jadesimi (right) in
LADOL, Apapa, Lagos.

The Vice-President and the Acting President, Professor Yemi Osibanjo has stated that the successful anchor of the Egina FPSO is not just a celebration of local content across board, but also a resounding testimonial of the success of the Ease of Doing Business in respect of the Ports industry.

He made this statement during the occasion of a presidential working visit to LADOL Offshore facility within the Lagos Ports Complex (LPC). 

The Managing Director of Nigerian Ports
Authority (NPA), Hadiza Bala Usman (left), the Minister of State for Industry,
Trade and Investment, Hajiya Aisha Abubakar (Middle), and the Managing Director
of LADOL, Dr. Amy Jadesimi (right) at LADOL, Apapa, Lagos.
The Vice-President, who
represented the President and Commander-in-Chief of the Federal Republic of
Nigeria, President Muhammadu Buhari also enjoined stakeholders within the
industry to compete favourably whilst appreciating the facility.

work has been done here and they would be sacrosanct industry to the Economic
Recovery and Growth Plan (EGRP) of Government in the long run as would be evident
in the Nation’s GDP in no distant time.”

He congratulated the Local Content
Board for contributing effectively at bringing the facility and project to

The Vice-President
used the opportunity to enlist support of stakeholders in the Federal Government’s
fight against corruption in order that we join the comity of nations free from

In her
contribution, the Managing Director of the Nigerian Ports Authority (NPA),
Hadiza Bala Usman, who spoke to stakeholders during the occasion said that the
successful berthing of Egina was as a result of operational efficiency and very
robust synergy between the NPA and LADOL including other stakeholders whilst
reiterating that it is a testimony of enhanced capacity of the Authority to
handle greater responsibilities in the sector.

encouraged other operators to emulate the investments made by Total, LADOL,
Samsung Heavy Industries (SHI) adding that government venture into the
provision of a level playing field through anti-monopoly policies which have
yielded great dividends.

“We as a
result, hereby encourage prospective investors to explore this and other
opportunities that the reforms of our operations has engendered benefits as we
assure of NPA’s willingness to facilitate these ventures. We must however
advise business organizations to ensure strict compliance with the country’s
statutory rules and regulations.”

to her, the multiplier effects of local content policy is evident in visible
technological transfer, accrued revenue to the nation, as well as in employment
creation, reduction in capital flight, attraction of hub status for the oil and
gas sector in Nigeria amidst the cost saving attributes.

appreciated vast unflinching supports accorded the NPA Management, LADOL and
other stakeholders in this respect stressing that the Egina project is a
statement by Government that the quest for hub status is real just like she
stated that “industrialization is real and that private indigenous companies
are able to thrive and support international projects and investors.”

stakeholders who appreciated the LADOL facility and operation therein amidst
the Egina FPSO project celebration were the Honourable Minister of State
Industry, Trade and Investment, Hajiya Aisha Abubakar; Chairman LADOL, Mr. Ladi
Jadesimi; Deputy Managing Director , Deepwater Total, Engr. Ahmadu-Kida Musa
who represented the Managing Director Total Upstream, Mr. Nicholas Terraz;
whilst top management of the NPA was on hand to support the Managing Director.

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