Skip to content
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
Our Free Zone, land lease areas fully operational, LADOL assures stakeholders
  • June 19, 2020
  • Unity Times



The Lagos Deep Offshore Logistics Base LADOL has assured its stakeholders and members of public that the LADOL Free Zone and its land lease areas are all intact and currently fully operational.

The Nigerian Ports Authority had sometime in February this year announced the revocation of the land lease agreement signed with the company.

In a statement signed by the Chairman of the company, Mr. Ladi Jadesimi, Thursday, LADOL says that the Presidential approval issued in 2018, which granted a 25-year lease to Global Resource Management Limited, which covers the entire area of the LADOL Free Zone is valid and still subsists.

The Chairman therefore enjoined all stakeholders to comply fully with Federal Government’s directive, which is in tandem with efforts to resolve the dispute and restore investors’ confidence as well as bring the action of NPA to conform to extant laws of the country and government’s local content policy.

The statement reads in part: “We are pleased to inform our stakeholders and the public at large that we have received notification to the effect that the Presidential approval issued in 2018 granting Global Resource Management Limited a 25 year lease covering the entire area of the Free Zone is valid and subsisting.

“All stakeholders should comply with the Federal Government’s final directive, which is geared towards resolving the dispute, restoring investor confidence to the industry and bring NPA’s actions in conformity with extant laws and Federal Government Policy on Local Content. The LADOL Free Zone is whole and intact and all Enterprises, visitors, stakeholders and others in the Zone should adhere to the rules and regulations of the Zone. ​

“This decision shows due recognition and understanding for the spirit in which LADOL Group’s shareholders, both private and public, have been investing in developing the Zone out of a disused swampy area since 2004. This investment continues today, in line with the policies of the Federal Government and in support of the economy of Nigeria. ​ ​

“LADOL remains committed to helping to make Nigeria the industrial hub for West Africa. Our shareholders remain undeterred in their long-term commitment to making investments that will turn the Zone into a Sustainable Industrial Special Economic Zone which will be a blueprint for sustainable industrialisation of Africa.

“LADOL also remains a law abiding corporate citizen and is looking forward to continuing our strategic partnerships with the Nigerian Content Development and Monitoring Board, the Nigerian Ports Authority, the Nigeria Export Processing Zones Authority, all the agencies in the Zone and our stakeholders”. ​​

While thanking its employees, numerous customers and stakeholders for their patience, support, loyalty and above all, keeping faith with the company throughout the trying period, the Chairman expressed LADOL’s sincere appreciation to all stakeholders for their successful mediation.

He argued that this timely intervention has saved jobs, protected huge private and public investments and highlighted a deep commitment to the local content policy in the country and assured that the company is fully open for business. ​


Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
Subscription Ads
Related Posts

A Steady Voice for Unity and Progress: Celebrating Benjamin Kalu

by Editorial Board Unity Times In a nation as vibrant and complex as Nigeria, leadership is often tested not just

Read More

U.S. Reopens Visa Path for Nigerian Doctors After Policy Reversal

Anietie Udobit, Abuja The United States has reversed a restrictive policy, allowing Nigerian and other foreign doctors to resume visa

Read More

Obi, Kwankwaso Join NDC, Push for Politics Without Courtroom Battles

Anietie Udobit, Abuja Peter Obi and Rabiu Musa Kwankwaso have officially joined the Nigeria Democratic Congress, calling for an end

Read More

Join Our Newsletter

Unity Times
Facebook-f Twitter
  • A Steady Voice for Unity and Progress: Celebrating Benjamin Kalu

    A Steady Voice for Unity and Progress: Celebrating Benjamin Kalu

    May 5, 2026 Breaking News, Column, Editorial, Politics
  • U.S. Reopens Visa Path for Nigerian Doctors After Policy Reversal

    U.S. Reopens Visa Path for Nigerian Doctors After Policy Reversal

    May 4, 2026 Breaking News, International News, National, News
  • Obi, Kwankwaso Join NDC, Push for Politics Without Courtroom Battles

    Obi, Kwankwaso Join NDC, Push for Politics Without Courtroom Battles

    May 4, 2026 Breaking News, National, News, Politics
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2026 All Rights Reserved.