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Nigeria on the Threshold of Sustainable Industrial Revolution

For the first time in Nigeria’s history, a local company, Lagos Deep Offshore Logistics Base (LADOL), is playing host to a $3.8 billion floating production storage and offloading (FPSO) unit, otherwise called the Egina FPSO. Applauded as first-of-its-kind in sub-Saharan Africa, the project was handled by the Korea-based Samsung Heavy Industries (SHI) on behalf of Total Oil Exploration, with LADOL serving as its local content partner. The Managing Director of LADOL, Dr Amy Jadesimi, asserts that the feat has put Nigeria on the global map. With the achievement, she believes Nigeria is on the threshold of sustainable industrial revolution. However, Jadesimi decries the level of financial scrutiny that businesses have to go through to access loans, warning that unless the federal government urgently makes policies to provide long-term, low-cost financing for small- and medium-sized businesses, the country may not be able to have global giants like the General Electric and Facebook. She speaks with Kunle Aderinokun, Eromosele Abiodun, Bayo Akinloye, and Ugo Aliogo

Click here to read the full interview at www.thisdaylive.com

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