LADOL gets FG's nod to commence full port operate

Harboursandport.com: Lagos ---  The Federal Government has given the nod to the Lagos Deep Off Logistics LADOL, base to commence full operation port as part of measure to generating more revenue.

Chairman of LADOL, Mr. Ladipupo Jadesimi

Disclosing this in Lagos during a visit to the base, Deputy Comptroller General of Customs, DCG, in charge of Excise, Industrial Incentive and Free Trade Zones, Patience Iferi said that the process of granting LADOL a port status was almost completed.

Licenses to carry out port operations are given by the federal government through the through the Nigeria Customs Service, NCS.

Iferi also said that she was not only part of the process but that she also saw to the letter granting LADOL such status. She said that the move is to ensure that appropriate revenue is collected, noting further that the base will get all the support from Service.

The Customs boss also told the management of the base to liase with the Apapa Customs Command for any issue it may have.

Speaking earlier, Chairman of LADOL, Mr. Ladipupo Jadesimi said that the choice of the base's location was strategic such that its operation will not affect shipping activities within and around the ports. Jadesimi disclosed that the involvement of LADOL in the fabrication and integration of modules of the Egina FPSO has created thousands of jobs both in Lagos, Beyelsa and Port Harcourt.

In his words, “Because we are integrating in LADOL, thousands of fabrication jobs have been created for Nigerians in Lagos and Port Harcourt.

'This is one and only fabrication facility in the entire African continent the visions of the founders of LADOL was to ensure that Nigeria captures the lion share of the oil and gas businesses in the African.

“Our resource is our youths, to make more resourceful and useful, we must train them in relevant skills

“The revenue to be generated as a result of the Egina FPSO will run into billions of Naira

During the tour of the facility, it was gathered that the length of the Egina is 330meters long and 61meters wide just as it has capacity to store 2.3million barrel of crude oil at any point.