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British parliamentarians urge Nigeria to develop Free Trade Zones

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Nigeria's-foreign-policyMEMBERS of the British Parliament yesterday advised the Federal Government to establish and develop more Free Trade Zones (FTZ) in the country as part of measures to tackle growing unemployment.

According to them, maritime facilities, especially the ones associated with FTZs, promote trade, jobs, tackle poverty and inequality, among others.

Inspecting facilities at the Lagos Deep Offshore Logistics (LADOL) in Lagos, seven members of the parliament who came to Nigeria on trade mission, described maritime facilities as critical to economic development.

Led by a member of the parliament for Liverpool West Derby and chair of the International Development Select Committee, Stephen Twigg, the parliamentarians pledged to strengthen existing business relationship between Nigeria and United Kingdom (UK).

The parliamentarians, who were accompanied by representatives of the British High Commission, Jason Molel and private sector development adviser, Alessandra Lustrati, said projects like LADOL attracts businesses and promotes opportunities for all cadres of society.

Responding, LADOL’s Executive Director in charge of business development, Jide Jadesimi, said first class facilities are in place at the facility, adding that the firm, in partnership with other stakeholders, has concluded plans to commence training and capacity development through its academy.

According to Jadesimi, LADOL’s facility is designed to add value to the nation’s economy and create numerous.

He said that the company has a vision of providing next growth opportunity that is aimed at changing the entire economic landscape, noting that the mission of LADOL is to emerge as an industrial hub.



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