I Have Interest In The Oil Sector–Buhari

By Ikenga Chronicles November 16, 2018

I Have Interest In The Oil Sector–Buhari

President Muhammadu Buhari said that he has developed interest in the oil sector.

The President made this known when he received the Chairman and Management of the LADOL Integrated Logistics Enterprise, who visited him at Aso Villa, Abuja.

He said: “Your competitive and aggressive activity has brought you success. I am pleased that you are investing in a critical area, the oil industry, in which I have developed interest.

“I am happy you are training Nigerians and giving them respectful jobs. What you are doing shows that whoever tries will succeed.”

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The Chairman and Chief Executive of the company, Chief Oladipo Jadesimi said they had come to thank President Buhari for creating an enabling environment and anti-corruption regime that had enabled their business to create a 10 billion dollars investment and 50,000 new jobs.

The Managing Director, Dr. Amy Jadesimi, informed the President that their investment had a mission to attract local and international companies that would help reduce the cost of off-shore support services.

According to her, the policies initiated by the Federal Government by abrogating monopoly, thereby allowing IOCs (International Oil Companies) to use any facility in Nigeria, yielded immediate positive result for the Nigerian economy by reducing costs by 50 percent.