FG to intervene in LADOL/Samsung spat, as S. Korean envoy warns of future FDI impact

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, in Abuja Thursday promised an amicable resolution of the ongoing dispute between Samsung Heavy Industries Nigeria (SHI), and the management of Lagos Deep Offshore Logistics, (LADOL).

Speaking during a courtesy call by the South Korean Ambassador to Nigeria, In-tae Lee, he said all parties in the dispute are already being engaged by the Nigeria Export Processing Zones Authority (NEPZA) and he believes the engagement process will restore normalcy.

“We will work with you, Samsung, Ladol, NEPZA and all the parties involved to resolve this amicably. We have an excellent relationship with South Korea and we will like to continue that,” the minister said, pointing out that, “successful resolution of problems generates goodwill.”

Earlier, Mr Lee had sought the intervention of the minister in the dispute. “Korean companies that are eager to invest in Nigeria are watching the dispute closely and it is in the best interest of both countries to get this behind us,” he said.

Source: Premium Times

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