LADOL provides investment opportunities for UK firms – DFID

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The United Kingdom (UK), has inspected facilities at the fast-growing Lagos Deep Offshore Logistics Free Zone Enterprises (LADOL FZE), in its quest to expand its trade and development activities in sub-Saharan Africa, Vanguard reports.

The UK’s Department For International Development (DFID) had kick-started the plans with high-powered representatives who visited the LADOL base in Apapa Pilotage district on Wednesday, on a fact–finding mission. The four-man delegation led by the DFID Chief Economist, Professor Stefan Dercon, was received by the Executive Director, business development, of LADOL, Mr. Jide Jadesimi, who conducted the team around the industrial hub.

Speaking with newsmen shortly after the tour, Dercon said his team’s visit was part of current efforts by the British government to encourage investment across Africa and Asia, with particular focus on developing economies.  Expressing delight at the rate of development in the base, Dercon noted that the visit which he described as an eye opener, has further strengthened the available investment opportunities in the LADOL base and the country at large.