The Chairman of the Lagos Deep Offshore Logistics (LADOL), Ladipupo Jadesimi, has expressed the hope of Nigeria emerging the hub for Floating Production Storage and Offloading vessel (FPSO) integration in the nearest future.
Jadesimi, who expressed optimism on the fast growing development at the logistics base, however, bemoaned allegations that the company is berthing vessels illegally at the base.
The Chevening Scholarships programme is the UK government’s prestigious international Leadership programme, funded by the Foreign and Commonwealth Office (FCO) and partner organisations. Young professionals with outstanding academic and leadership talents are given the opportunity to study for a one-year Masters degree at any UK University of their choice, after which they are required to return to Nigeria to assist in further development of the country.
A total of 44 Nigerians who were awarded Chevening Scholarships in 2015/2016, are back in-country after having successfully completed their study in various UK universities.
As a sponsor for the Chevening Partnership, representatives from LADOL recently attended a welcome reception hosted by the British High Commission for the 2015/2016 Chevening Scholars.
It’s rare to find a woman at the top of an oil business. It’s the last place Amy Jadesimi expected to be.
“The one thing that I definitely didn’t want to do was work in oil and gas,” Jadesimi told CNN.
That was before she got involved with Lagos Deep Offshore Logistics Base (LADOL), a company founded by her father in 2001 to provide support services to Nigeria’s oil industry. Jadesimi had set out on a very different path. She received a medical degree from Oxford University and went on to work as an investment banker in the U.K. Then she moved to the U.S. to complete an MBA at Stanford Business School, before returning to Nigeria.
“I knew that I had enough education and experience that I could really add value in the market here,” she said.
But she wasn’t sure exactly how to do that until she joined the family firm. “When I got involved with LADOL I realized that’s what I’d been missing.”
The company counts Nigeria’s Bank of Industry among its backers. It provides long term financing to Nigeria’s industrial sector. LADOL hires locally and focuses on projects within the region.
“We decided to grow the business organically as a 100% indigenous [Nigerian] firm,” Jadesimi said. “You can’t really achieve your full potential as a country unless you have local shops [and] local investment.”
She manages more than 1,000 Nigerian employees who offer a huge range of services to the country’s giant oil sector, including providing utilities, security and support for offshore production and projects.
But Jadesimi also wants to lead LADOL into new sectors, such as car manufacturing and education. She said the company has partnered with Samsung Heavy Industries to expand its offshore base and build a large dry dock.
“It helps us diversify outside oil and gas because you can use that shipyard for any kind of steel fabrication from railways to bridges to general works, and that is part of what LADOL’s strategy is,” she said.
“What we want to do is use the investments we have made in infrastructure to bring up other industries in the country.”
Watch the full video below.
The Business and Sustainable Development Commission is making an important case for the private sector to be more involved in solving the planet’s biggest challenges. In collaboration with The Economist Films, the Business Commission developed a 10-minute film to explain what the challenges and opportunities are and highlight some of the companies leading the conversation on sustainable development. LADOL’s Managing Director, Dr Amy Jadesimi, contributes to the film by setting the global context.
Watch the full video below.
Dr Amy Jadesimi, MD of LADOL, has been invited as keynote speaker at the OECD Global Forum on Development Conference to be held in Paris on 5th April 2017. Participants at this year’s conference will take stock of existing initiatives to catalyse the power of the private sector in supporting the Sustainable Development Goals, explore new avenues of partnerships to mobilise the necessary resources and understand how the OECD can help.
“A fantastic business opportunity.” Amy Jadesimi, Managing Director of LADOL and Commissioner at the Business and Sustainable Development Commission, tells Abraaj Week 2017 that there is huge potential to create value through the Sustainable Development Goals (SDG).
Watch the full video below.
Amy Jadesimi, Managing Director of Lagos Deep Offshore Logistics Base (LADOL), explains why local content done right always reduces costs, and how low oil and gas prices can be a boon for the oil and gas industry.
The US Ambassador to Nigeria, Stuart Symington recently visited LADOL to review progress on the development of the site and discuss business opportunities.
The following video gives a birds eye view of the development of LADOL. This clip was filmed by Jay Brother Productions (http://jaybrothersproduction.com).
Watch the full video from our YouTube channel below.
A new report from the Business & Sustainable Development Commission shows that the next decade will be critical for companies to open 60 key market “hot spots”, tackle social and environmental challenges, and re-build trust with society.
The flagship report, Better Business, Better World, asserts that sustainable business models could open economic opportunities worth at least US$12 trillion, create 380 million jobs a year, and unleash a step-change in growth and productivity by 2030.
“We need to show these ideas work not just in a report but on the business frontline,” said Dr. Amy Jadesimi, CEO of LADOL and a member of the Commission.
The Business and Sustainable Development Commission was launched at the World Economic Forum in Davos in January 2016. It brings together leaders from business, finance, civil society, labour, and international organisations, with the twin aims of mapping the economic prize that could be available to companies if the Global Goals are achieved, and describing how they can contribute to achieving them.
Lagos Deep Offshore Logistics base (LADOL) has joined the few Nigerian companies that have crossed all barriers to play in the league of global leading firms that shape business development in the world’s shipping sector.
Industry analysts attribute the growth of LADOL to the construction of the fabrication and integration yard of the Floating, Production, Storage and Offloading (FPSO) oil platform, known as Egina, worth over $3.8 billion and built in partnership with Samsung Heavy Industry (SHI) as technical partner for Total Oil Company.
The analysts say the integration facility, which has received many commendations from companies and government representatives across the global, is positioned to not only attract over $10 billion worth of investments into Nigeria in the next few years, but to also create engineering capacity and jobs for Nigerians and serve as source of foreign exchange for the economy.
“LADOL’s investment exemplifies the Nigerian Content Development and Monitoring Board’s (NCDMB) vision of domestication of industry operation, creation of job opportunity for Nigerians as well as extracting legacy for major industry projects”, Simbi Kesiye Wabote, executive secretary, NCDMB, said during his recent visit to LADOL base.
With the collapse in the international oil price, Nigeria has found itself centre-stage as its economy falters. It has prompted experts to put pressure on the country to diversify its economy and take a different approach to the oil and gas sector.
To find out more for Africa Business Report on how companies and entrepreneurs are investing in the sector, the BBC’s Lerato Mbele started by visited LADOL – which has turned a former swamp in Lagos harbour into a port facility to support offshore drilling operations.
Watch the full news clip below.
The Senate Committee on Marine Transport has pledged to support Lagos Deep Offshore Logistics Base (LADOL), Niger Dock Ltd. and the Lagos Channel Management (LCM) to achieve success in the interest of the country.
The Chairman of the Committee, Sen. Ahmed Yerima, said this during an oversight function of the committee to Lagos Channel Management (LCM), Niger Dock Ltd. and LADOL in Lagos.
He said that the committee members were impressed with the facilities the companies had been putting in place, adding that he would give them all the encouragement required in the interest of the country.
We are highly impressed. This is the first time I am seeing LADOL physically. I have seen them in document and I have tried to know about them and I now know them practically.
Dr. Amy Jadesimi, CEO of LADOL, recently attended the Danish Maritime Forum and engaged with key leaders from the public and private sectors in collaborative activities to unleash the potential of the global maritime industry.
The 2016 Danish Maritime Forum included a number of high-level panel discussions and key notes featuring key business leaders, top government officials and prominent experts. They served to set the context and highlighted the most significant challenges and opportunities in the global economy.
Watch the highlights from the event here.
The Board memebers of the Nigerian Ports Authority (NPA), have promised to made into the lingering crisis in the oil and gas logistics value chain.
The Board, during a visit to the Lagos Deep Offshore Logistics (LADOL) base in Apapa Lagos, promised to probe into the issues and table it before President Muhammadu Buhari in a short distannce for due inteference.
The board members led by its Chairman, Emmanuel Adesoye Olajide, an engineer, said they will look into the matter, which has threatened forex earnings in the country and ensure that the president himself wades in.
The Lagos Deep Offshore Logistics base (LADOL) has been described as an organization that is foremost to current efforts by the Federal Government in checking the lingering foreign exchange challenges currently facing the country.
The assertion was made in Lagos on Friday by members of the Board of Directors of the Nigerian Ports Authority (NPA), when the team made a tour of the Apapa port-based logistic service provider, on facility assessment.
Women have contributed significantly to global economic growth and as leading agents in Sustainable Development Goals (SDG).
The assertion was made by the Managing Director of the Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi, in a speech she delivered at the just concluded United Nations General Assembly (UNGA) held in New York, United States of America.
Dr Amy Jadesimi, who is a member of the 31 International Commissioners, spoke on behalf of the Business and Sustainable Development Commission which is chaired by Lord Mark Malloch-Brown and co-founded by Paul Polman, the CEO of Unilever.
The Managing Director of LADOL, Dr. Amy Jadesimi, gave a speech at UN General Assembly on 22 September 2016 on behalf of the Business and Sustainable Development Commission which is chaired by Lord Mark Malloch-Brown and co-founded by Paul Polman the CEO of Unilever. Dr. Amy is one of only 31 international Commissioners on the commission, one third of whom are women. Business Commission is drawing upon the expertise of these 31 global private sector and civil society leaders to inform its work and reach new audiences.
The Secretary-General’s High-Level Panel on Women’s Economic Empowerment report was released on 22 September 2016, at the launch event, which was attended by Ban Ki Moon, the Secretary General, a handful of leading women were asked to make commitment statements on behalf of their organisations.
Dr. Amy Jadesimi contributed on behalf of the Business and Sustainable Development Commission as follows:
Title: Women Are Driving the Global Economy
I’m Dr. Amy Jadesimi, Managing Director of LADOL, a $500m Free Zone in Nigeria, a Commissioner on the Business and Sustainable Development Commission, which is Chaired by Lord Mark Malloch Brown. The Business Commission is making a powerful case, supported by sound evidence, rigorous research and compelling real-world examples, for why the private sector should seize upon the SDGs as the greatest opportunity for corporate growth and profitability of our lifetime. The commission’s work will help high growth, low income countries achieve the SDGs by catalysing the empowerment of and the investment in critical and currently marginalised groups, such as local private sector companies and women.
Women are not simply beneficiaries of SDG Goal 5. They are also leading the achievement of all SDGs. If the world commits to gender equality, equal engagement in the workforce adds $28 trillion US dollars to annual global GDP in 2025. Women are drivers of the global economy and they are critical to leading the shift to an inclusive and sustainable world.
The Business and Sustainable Development Commission’s mission and vision are in line with those of LADOL. Just as LADOL has positively disrupted the oil and gas and maritime sectors, the BSDC seeks to support and drive disruptive innovations that breaking new ground and transforming business models in health, education, mobility, agriculture and energy. Such business models are challenging the status quo of established industries – from fossil fuels to fashion. The work of the Commission is all the more important given the threats of social and environmental externalities. The private sector needs immediately accelerate inclusive growth and drive sustainability at a far greater speed and scale than it has to date.
The Business and Sustainable Development Commission, launched in January 2016, aims to accelerate this market transformation and advance the world’s transition to a more prosperous, inclusive economy. The core of its mission is to make a powerful case – supported by sound evidence, rigorous research and compelling real-world examples – for why business leaders should seize upon sustainable development as the greatest opportunity of our lifetime.
The Commission we will show how the Sustainable Development Goals (SDGs) provide the private sector with a framework for achieving this market shift. The Business Commission’s flagship report, due to be published in January 2017, will highlight:
- The evidence for new sustainable growth models, which are becoming increasingly more attractive and affordable. However, there are many more companies that remain on the current path, and our research will make clear the significant risks, which could lead to adverse effects on growth and profit.
- New business models and how they can align profitability with sustainable development, and how first-movers are already gaining an advantage in the market.
- The challenges and opportunities for new financial tools to crowd in private capital and align economic and social returns. We will identify major financing challenges, such as pervasive short-termism, as well as potential solutions, including prioritising the benefits of patient, long-term investments.
- The need for business, government, and civil society to effectively build a new social contract to create a more enabling environment and drive collective action for achieving inclusive, sustainable growth. This will require a stronger role for all stakeholders, and it will also require the private sector to proactively earn the trust of society. We will argue that delivering the SDGs requires both a stronger private sector and a stronger public sector.
Although still in the early stages, the research findings so far show there are significant economic opportunities for the private sector to create new business models that transform markets and drive inclusive growth across several key industries. These findings will be finalised in the coming months, and will take centre stage in the Commission’s final report.
According to Amy Jadesimi, CEO of LADOL, the crash in oil prices is forcing offshore producers in Nigeria to turn to local service providers to save costs.
“There’s no way IOCs can afford to do business in Nigeria unless they get their offshore support from Lagos,” Ami Jadesimi said in a recent interview in with Bloomberg in New York. “Return on investment in Nigeria is half what it is in Brazil, half what it is in the North Sea. That’s because the cost is too high. What will unlock more investment is producers lowering their cost of doing business”.
The Lagos Deep Offshore Logistic Base (LADOL) is blazing the trail in the quest for local capacity development in the country as it advanced with the construction of the world-class Floating Production Storage and Offloading (FPSO) vessel.
The indigenous oil and gas logistics firm is currently working on the sections of the FPSO at its Free Zone base in Apapa. The Managing Director of LADOL, Dr. Amy Jadesimi, said the yard is where the first ever locally fabricated Floating Production Storage Offloading (FPSO) project took place.
During a recent tour of the yard the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, she said the implementation of the $3.8 billion project in-country would boost capacity and aid the national economy.
She said: “This project is first of its kind in Africa and sitting at an indigenous facility like LADOL, speaks volumes of our national resolve and determination to take our pride of place as the regional hub.”
The UK Government has awarded Chevening scholarship to 53 Nigerians for the 2016/2017 Chevening cycle, the UK High Commissioner to Nigeria, Paul Arkwright, has said.
Mr Arkwright stated this at the pre-departure orientation programme in Abuja, organised for Chevening scholars to commence their study programmes in the UK this September, according to the High Commission.
“I’m delighted to announce our first local Chevening Partner, LADOL Integrated Logistics Free Zone Enterprise, who are co-funding an award in the energy sector, starting 2017/18”, he said.
For the 2016/2017 Chevening cycle, Nigeria recorded the highest number of applications globally, with about 4000 eligible applications.
Following this, a total of 53 Chevening scholarship and fellowship awards were made available to Nigerians this year.
Today, Lagos Deep Offshore Logistics Base (LADOL) announces it has become a Founding Patron of the Prince’s Trust International (PT), which seeks to help disadvantaged young people around the globe into education, training and work.
Commenting on the announcement, LADOL CEO, Dr Amy Jadesimi, noted: “LADOL is delighted to support the important work of Prince’s Trust International. The issue of youth empowerment is one that is well understood here in Nigeria, with 1.8 million young people entering the labour market each year. LADOL shares PTI’s passion for providing relevant training and helping young people not just to have jobs but to build life-long careers. We look forward to supporting Prince’s Trust International as they expand overseas and learning from their work.”
Launched at CHOGM in Malta in 2015 by His Royal Highness The Prince of Wales, Prince’s Trust International has been created to build on the success of the Trust in the UK and enable it to share its insight with governments, companies and NGOs seeking to tackle youth unemployment around the world. The Trust is building its programme across countries in the Commonwealth and beyond, in places where it can most effectively bridge the skills gap to help the next generation into employment.
Alan Kennedy, Chief Executive of Prince’s Trust International added: “LADOL is committed to the principles on which the Trust was founded and we’re confident its addition to the circle of Founding Patrons will give us a fresh perspective on our work over the coming years.”
British High Commissioner in Nigeria, Paul Arkwright CMG welcomed the appointment saying, “LADOL Free Zone has shown how powerful private sector investment and entrepreneurial spirit can be in creating jobs and opportunity in the local economy. This new partnership with Prince’s Trust International will help to highlight those shared entrepreneurial values, as well as the fantastic work of PTI around the world.”
Dr. Amy Jadesimi, Managing Director, Lagos Deep Offshore Logistics Base, the 100-hectare free zone and logistics hub, talks to MEET THE BOSS on advantages in the low oil price environment, best practices in the Free Zone and how the private port facility could help in bringing in Foreign Direct Investments into the country.
Ladi Jadesimi, founder of the Lagos Deep Offshore Logistics (LADOL) base, has been elected Chairman of the Niger Delta Petroleum Resources Limited (NDPR).
Mr. Jadesimi took over from Goodie Ibru, the Hotel magnate who had been Chairman since 2012 and who retired from the board after serving for 10 years.
A graduate of Oxford University (Jurisprudence, 1966) and Fellow of the Institute of Chartered Accountants, England and Wales, Mr. Jadesimi is former Partner of Arthur Anderson in Nigeria.
After over 15 years of practice as a Chartered Accountant, Jadesimi took early retirement from practice to engage in private business, primarily in banking, oil and gas and real estate.
In 2000, started planning, with others, a purpose-built, state-of-the-art logistics and engineering base west of the Niger Delta.
“LADOL was conceived and designed to be an efficient, custom-built, fully integrated, secure and independent engineering and logistics base operating 24/7 in the LADOL Free Zone for deep offshore oil and gas projects”, the company says in its website.
Apart from NDPR and LADOL, Jadesimi serves on the board of several companies, including First City Monument Bank (FCMB), as a Non-Executive Director.
The United Kingdom (UK) trade envoy to Nigeria, John Howell has pledged to encourage UK companies to partner Lagos Deep Offshore Logistics Base (LADOL) to facilitate trade between Nigeria and his country.
Howell, who stated this when he paid a courtesy visit to LADOL in company of the UK High commissioner to Nigeria, Paul Arkwright, Friday in Lagos, promised to bring UK expertise and encourage companies in its oil and gas sector to work with LADOL.
The Managing Director of Lagos Deep Offshore Logistics Base, Dr. Amy Jadesimi, recently revealed the progress of development activity on the base in an interview with Chika Amanze-Nwachuku, Ejiofor Alike and Abiodun Eromosel.
A key facility, built by her company for the integration of Total Upstream’s Floating Production Storage Offloading vessel for the $16 billion Egina deepwater field, is ready, ahead of the March 2017 scheduled date for the arrival of the $3.3billion offshore vessel from South Korea. She also called for the full implementation of the Nigerian Content Law.
LADOL had started executing several projects mainly on the logistics side before the Nigerian Content Law was enacted in 2010. Having seen the implementation of this law in these past few years, has it has achieved the aim of the indigenous operators like LADOL?
Ladol Oil and Gas Free Zone (LFZ), operators of the Lagos Deep Offshore Logistics (LADOL) base, has been described as one of the success stories of the local content administration in the country.
The appraisal was made in Lagos on Wednesday by the House of Representatives and Nigerian Content Development and Monitoring Board (NCMB), during a joint tour of the base by top legislators from the House Committee on Local Content as well as management of the board.
Chairman of the House Committee Hon. Emmanuel Ekon and Executive Secretary of the Content Board, Obah Patrick, who took turns to address journalists after the tour, expressed pleasant surprise at the development of the facility, saying their visit was a testimony of the commendable operations at the zone.
The Managing Director of LADOL, Dr Amy Jadesimi, joined the opening plenary session panel for the 3GF – Global Green Growth Forum – in Copenhagen this week. 3GF brings together world leaders across business, government and the third sector to tackle global development issues through practical discourse that leads to solutions. Dr Jadesimi represented the Global Commission for Sustainable Development led by Lord Mark Malloch Brown and Unilever CEO, Paul Polman.
Fellow panellist included the Prime Minister of Denmark, Lars Lokke Rasmussen; Vietnam’s Minister for Natural Resources and Environment, HE Tran Hong Ha; Director General of IUCN, Inger Andersen; Danfoss CEO, Niels Christiansen; and EU Commissioner for Environment, Maritime and Fisheries, Karmenu Vella. The session was moderated by Connie Hedegaard, board chair for the KR Foundation and CONCITO.
“Nigeria is a successful investment destination” says Amy Jadesimi in an interview with The Guradian
The Managing Director of LADOL, Dr Amy Jadesimi, in a recent interview with the Business Editor of The Guardian, ADE OGIDAN, explains the need for faithful local content policy implementation and the need to further promote the operations of indigenous firms in the country.
The Managing Director of LADOL, Dr Amy Jadesimi, stepping in for the Chairman of LADOL, Mr. Ladi Jadesimi, recently gave a keynote speech, at The Oxford and Cambridge Club of Nigeria Spring Lecture 2016.
The event was hosted at the Nigerian Institute of International Affairs, Victoria Island, Lagos with the theme – Education: Reach for the Stars; Ensuring Access for All.
Guest of honour at the LADOL sponsored event was Diane Abbot, Member of the British Parliament and Shadow Secretary of State for International Development, where she spoke out against the “fantastically corrupt” allegation levied against Nigeria by Britain’s Prime Minister, David Cameron.
From left to right in the photo
Ambassador Oladapo Fafowora; Past President, The Oxford and Cambridge Club of Nigeria
Diane Abbott; Guest Lecturer, Shadow Secretary of State for International Development, UK Member of Parliament
Dr. Amy Jadesimi; Managing Director, LADOL
Prof Bolaji Akinyemi; Former Minister of External Affairs
Ahmed Bashir; Acting British Deputy High Commissioner
Akinfela Akoni; President, Oxford and Cambridge Club of Nigeria
The Managing Director of Lagos Deep Offshore Logistics Base (LADOL), Dr Amy Jadesimi, was one of the few CEOs honoured as lead speaker during a panel session organised by the Petroleum Technology Association of Nigeria (PETAN) at the 2016 edition of the Offshore Technology Conference (OTC) in Houston Texas (USA). Dr Amy received a double award on behalf of LADOL in recognition of the company’s investment of $500 million in building the only 100 per cent Nigerian private industrial free zone in West Africa.
Dr. Amy Jadesimi speaks to the BBC ahead of the international anti-corruption summit in London hosted by UK Prime Minister, David Cameron, and attended by global leaders including Nigeria’s President Buhari.
Watch the full interview below.
Dr Amy Jadesimi, Managing Director of Lagos Deep Offshore Logistics base (LADOL) has observed that Nigeria would evolve into the West and Central African sub regional oil and gas exploration hub in no time; if it entrenches a more competitive market and increases the public private partnership collaboration.
Amy Jadesimi made the observation at the recent annual Offshore Technology Conference (OTC) Houston, USA. Amy delivered this message during her presentation which focused on “Driving Economic Growth through Indigenous Private Sector Investment in Nigeria”.
UK Parliamentary Under Secretary of State for International Development, the right honourable Nick Hurd, recently visited LADOL during a his first official visit to Nigeria. The UK MP was given a full tour of the facilities and briefed on the plans for the further investment in the development of LADOL and the generation of local employment opportunities. Nick Hurd recently commented about the visit on his Twitter feed “the logistics base in Lagos is a powerful example of what the Nigerian private sector can deliver”.
The Comptroller-General of the Nigeria Customs Service, Colonel Hameed Ali (rtd) today visited the Lagos Deep Offshore Logistics (LADOL) during a one week official visit to Lagos. This is the second official visit of the CG to Lagos since he was appointed by President Muhammadu Buhari last year.
Col. Hammed Ali expressed satisfaction while addressing reporters during an inspection of the LADOL vessels in Lagos and described LADOL as an investment that has all the trappings to stimulate economic growth in Nigeria.
The Managing Director of LADOL, Dr. Amy Jadesimi, disclosed plans for additional investment of $500 million to further enhance the facilities at LADOL and promote trade along the free trade zone.
In the opening remarks at the sixth African Petroleum Congress and Exhibition (CAPE VI), President Buhari identified LADOL, GE, Dangote Group and Samsung as companies that are adding value to the Nigerian economy by strategically investing in projects that implement sustainable local content policies. Represented at the event by Vice-President Yemi Osinbajo, increasing local oil and gas refining capacity across Africa was also stressed as a vital ingredient to balanced economic growth.
Petroleum Technology Association of Nigeria (PETAN) and the Lagos Deep Offshore Logistics Base (LADOL) have expressed confidence that the declining crude oil prices pose great opportunities for patronage of indigenous companies.
The oil price has now fallen by more than half since June of 2014 when it was $110 per barrel, hovering between $27 and $40 a barrel in the last three weeks.
They believed that the current unpleasant situation in the oil market would assist in promoting local content policy in the country.
To this end, the LADOL and PETAN decided to collaborate in the area of human capacity development for Nigeria’s oil and gas sector.
LADOL hosted a delegation of senior UK government officials for a tour of the free zone during a recent trade mission to Nigeria. The Members of Parliament were accompanied by representatives from the UK Department for International Development as well as the British High Commission. The delegation voiced support for projects like LADOL and emphasised that more Free Trade Zones and maritime facilities should be developed in Nigeria to proactively address barriers to economic and social progress by promoting trade and creating jobs. The full delegation is list below.
Mr Stephen Twigg MP (UK Parliament), International Development Committee (IDC)
Ms Helen Grant MP (UK Parliament), International Development Committee (IDC)
Mr Albert Owen MP (UK Parliament), International Development Committee (IDC)
Mr Virendra K. Sharma MP (UK Parliament), International Development Committee (IDC)
Ms Wendy Morton MP (UK Parliament), International Development Committee (IDC)
Ms Rachel C Sarah Fox UK Parliament staff, International Development Committee (IDC)
Mr Simon Kenny Head of Economic Growth, DfID Nigeria
Ms Alessandra Lustrati Private Sector Development Adviser, DfID Nigeria
CNN’s Rosie Tomikins met with some key figures in Africa’s oil and gas industry to find out what they believe is the best way forward for Africa’s oil producing nations.
Watch the full video coverage below.
The National Petroleum Investment Management Services (NAPIMS), recently explained why it is supporting the building of the $3.8 billion Egina project at a custom build yard on the Lagos Deep Offshore Logistics base (LADOL)..
The Managing Director of the Nigeria Export Processing Zones Authority, Mr Gbenga Kuye, recently visited the Lagos Deep Offshore Logistics and commended the local content policy of the organisation.
He described LADOL, as an industrial park, given the growing enterprise and capacity at the free zone.
Mr Kuye said he was pleased with the number of Nigerians working on jobs previously reserved for expatriates.
Watch the full video coverage below.
LADOL announces new Advisory Board: Rt Hon Lord Mark Malloch‐Brown KCMG, Professor Fidelis Oditah QC and Mr Tanimu Yakubu
LADOL, the high value industrial village and free zone, built around a specialised port facility on an island at the point of entry into Lagos harbour, has announced the composition of its pioneer Technical Advisory Board: The Rt Hon Lord Mark Malloch‐Brown KCMG, Professor Fidelis Oditah QC and Mr Tanimu Yakubu.
Thanks to the new USD 300 million Floating Production Offtake and Storage (FPSO) Vessel fabrication and integration facility in LADOL all eyes are now on Nigeria. The successful development of this facility is set to make Nigeria the leading country on the continent for offshore oil and gas fabrication and engineering.
The specific expertise of the advisory board will now provide the additional strategic support the LADOL executive team needs as the Free Zone enters its next phase of development; expanding its ecosystem to offer more advanced technological support and critical services not previously available in West Africa, as well as fostering collaboration with other infrastructure developers, service providers and operators in the region to help drive job creation and economic growth throughout West Africa together.
Dr Amy Jadesimi, LADOL Managing Director, said: “It is a great privilege to have Lord Malloch‐Brown, Professor Fidelis Oditah and Mr Tanimu Yakubu join LADOL’s advisory board. Their combined experience will no doubt be an incredible asset to the Free Zone and help shape its future as one of the world’s leading industrial hubs. Each member offers a unique perspective and understanding of Nigeria and shares our aim of making it the hub for West Africa.”
One of Time Magazine’s ‘100 most influential people in the world’, Lord Malloch-Brown is a former Deputy Secretary-General in the United Nations and has served in the British Cabinet and Foreign Office. Deeply involved in international affairs, he now sits in the House of Lords and is active both in business and in the non‐profit world.
Fidelis Oditah QC is a member of the Queen’s Council since 2003, practicing across the English and Nigeria bars. In Nigeria, Oditah focuses on energy, projects and cases relating to commercial law and has advised and acted for the Federal Government of Nigeria in a number of matters.
Mr Tanimu Yakubu, non-executive director of Oando PLC, has held a number of key positions in both the private and public sectors in Nigeria, the most notable being as Chief Economic Adviser to the President, Commander in Chief of the Federal Republic of Nigeria, during which he also served as a member of the National Economic Management team from 2007 – 2010.
The $500 million LADOL free zone, is a newly developed industrial village, to which access is strictly controlled. The infrastructure in the Zone is amongst the most robust and secure in West Africa, making it an ideal environment for industrial activities that could not be done in West Africa before – from offshore oil and gas mega-fabrication and vessel integration, to pipe coating, engineering and agricultural processing.
I am delighted to announce that on behalf of LADOL Mr Jide Jadesimi has received the Award of the “Outstanding Free Zone Integrated Hub Capacity Building Firm for Deep Water Oil & Gas Exploration, Manufacturing and Engineering Services” as adjudged by
Watch the full interview below.
While the collapse in oil prices might seem like unequivocally bad news for Nigeria’s energy industry, there is one Lagos-based executive who sees only opportunity. The Managing Director of LADOL is hoping that renewed pressure on majors to cut costs will spur them to take advantage of a logistics base she has developed to serve a projected boom in deepwater oil production.
The Managing Director of Nigerian Ports Authority (NPA), Mallam Habib Abdullahi has commended the management of Lagos Deep Offshore Logistics Base (LADOL) for its huge contributions to the Nigerian maritime Industry and the Nigerian economy.
On 5th October LADOL invited members of the United States Consulate delegation to tour the free zone’s facilities as construction of the yard nears completion, ahead of schedule. After introductions to the executive team and an overview of LADOL’s services and amenities, Mr Thomas Hines, Political-Economic Section Chief, Mr James Plasman, Economic Officer, and Mrs Mayowa Obilade, Economics Specialist, explored the site. This included the newly operational Floating Production Storage and Offloading (“FPSO”) fabrication facility, which is expected to become West Africa’s first FPSO vessel in the next twelve months.
• WINNER: Sub-Saharan African regional free zones
• WINNER: Large Tenants award for Africa
• HIGHLY COMMENDED as African Free Zone of the year
• COMMENDED for self-sufficiency
• COMMENDED for infrastructure improvements
LADOL, the high value industrial village and Free Zone, built around a specialised port on an island at the point of entry into Lagos harbour, has been awarded Winner of the Sub-Saharan African regional free zones award and Winner of the Large Tenants award for Africa, in fDi magazine’s Global Free Zones of the Year 2015. LADOL was also Highly Commended as African Free Zone of the year.
Winning the Large Tenants award, LADOL Free Zone was praised for increasing some 37.5% capacity between 2013 and 2014. Due to the high specification infrastructure, round the clock operations and focus on delivering transparent reliable service to the Deep Offshore oil and gas market, LADOL has been able to halve the cost of logistics support in Nigeria. This 50% cost saving comes despite the fact that the facilities and equipment are all brand new.
Two awards given to LADOL, which are ‘Commendation for self-sufficiency’, and ‘Commendation for infrastructure improvements’, are being given for the first time and reflect improvements such as the ongoing development of its new 24 MW power plant, due to come online in late 2017.
fDi’s Global Free Zones of the Year celebrates those zones that are best in class and which are reinvesting, expanding or upgrading.
Dr Amy Jadesimi, LADOL Managing Director, said: “The fDi awards review free zones from across the world, and for LADOL to receive these awards and be recognised in this way is a testament to the great work that the local team has done in putting our free zone on par with the world’s best. LADOL is proud to be one of many significant infrastructure projects in the region that is changing the dynamic of the Nigerian economy, and facilitating business domestically and attracting business from international markets.”
The $500 million LADOL Free Zone, is a newly developed village, to which access is strictly controlled. The infrastructure in the Zone is amongst the most robust and secure in West Africa, making it an ideal environment for industrial activities that could not be done in West Africa before – from offshore oil and gas mega-fabrication and vessel integration, to pipe coating, engineering and agricultural processing.
LADOL is the only Free Zone that truly runs 24 hours a day 7 days a week, ensuring that tenants can maximise their efficiency and output, in a safe controlled environment.
Samsung Heavy Industries recently started fabrication in the Zone and it will soon be joined by a range of other fabrication and engineering companies.
A growing number of international and local companies are now setting up their own facilities in LADOL’s Free Zone, and benefiting from hassle free, low cost access to the largest market in Africa (Nigeria) and the entire West African region. Part of LADOL’s success – as highlighted by the fDi awards – is due to a combination of committed long-term private local investors, who built the infrastructure and facilities, and the investment and partnerships with international companies who want to be part of the world’s next big growth story in West Africa.
You can view the LADOL Corporate Video below.