DFID Urges Businesses to Take Advantage of Opportunities Provided by LADOL

Stories by Eromosele Abiodun

The Chief economist at the Department for International Development (DfID), Prof. Stefan Dercon, has called on businesses in the United Kingdom to take advantage of the huge opportunities in the Nigerian economy and the Lagos Deep Offshore Logistics base (LADOL).

He stated this yesterday when he led a delegation of DfID officials on a courtesy visit to LADOL

LADOL is currently playing host to the fabrication of a $3.8 billion oil and gas logistics service facility commonly known as the Floating Production Storage and Offloading –FPSO rig, otherwise called the Egina project.

Speaking to journalists on the purpose of the visit, he said, “I am here to get a sense of the opportunity that is available here in terms of industrial development, manufacturing. What we have seen shows the potential that Nigeria has, that the country can overcome all the problems that it has in terms of infrastructure and the way such infrastructure functions. What is happening in LADOL is quite impressive and clearly shows that if people work together at various levels a lot of values can be achieved.

“It is not just here there are a lot of business opportunities all over Nigeria for British business to come and take opportunity. Entities such as LADOL will give confidence to businesses and investors to take advantage of the opportunities that are in the country. There are plenty of opportunities and I hope more investors will come here to invest. The message I am taking home is that Nigeria is a great opportunity; there are still a lot of things to be done in the economy in micro economic terms to put the country on a good footing. Once that is done, which I hope it can be achieved in the next few months, investors will have confidence and come here.”