Minister of Trade and Investment, Dr. Olusegun Aganga, disclosed this during a facility tour of the Lagos Deep Offshore Logistics (LADOL) base in Apapa, Lagos.
He said the magnitude of the import of the law manifests in the level of jobs being created at LADOL and similar facilities, by localizing skill acquisition and stemming capital flight.
He said, “some of the things that would have been taken away to South Korea and other countries are now being done in here in Nigeria, thanks to the Nigerian Content Act.”
He said the Nigerian content Act has further strengthened the supports, adding that his ministry is keying into that to ensure that local investors get their fair share.
“Some of the investors have taken us to several countries to help talk to groups of foreign investors they are putting to gather. We talk to them about the benefits of investing in these free zones and essentially why they should be in Nigeria. So, we are even acting as marketers for them” he said.
Speaking, Managing Director of LADOL, Dr. Amy Jadesimi, commended the continued encouragement and supports being offered by government in sustaining the free zones.
