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UK Minister for International Development visits LADOL
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”.
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LADOL get clean bill of Health from Nigeria Customs Service
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.
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President Buhari endorses LADOL
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.
LADOL and PETAN collaborate against falling crude oil prices
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.
Senior UK Government officials visit LADOL
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 report on what’s ahead for Africa’s oil and gas industry.
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.
Why we support LADOL, NAPIMS explains
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)..
NEPZA MD Visits LADOL, Promotes Industrialisation
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.
Vision
The management team is focused on a vision for the future:
- LADOL Free Zone becomes a blueprint for sustainable industrialisation of Africa
- The success of LADOL enables private indigenous companies and government across the continent to build a range of Special Economic Zones and Parks through which they can build large sustainable industries that will drive wide spread economic growth and job creation
- LADOL’s development leads to the creation of one hundred thousand jobs as Nigeria becomes the industrial hub for West Africa
Rt Hon Lord Mark Malloch‐Brown KCMG
Mark Malloch-Brown is a former number two in the United Nations as well as having served in the British Cabinet and Foreign Office. He now sits in the House of Lords and is active both in business and in the non‐profit world. He also remains deeply involved in international affairs.
He is currently Chairman of SGO and its elections division Smartmatic, a leading elections technology company. He is on the Boards of Investec and Seplat, which are listed on the London as well as Johannesburg and Lagos stock markets respectively. He is also on the board of Kerogen, an oil and gas private equity fund. He is a senior adviser to FTI Consulting where he previously led its EMEA practice.
He served as Deputy Secretary‐General and Chief of Staff of the UN under Kofi Annan. For six years before that he was Administrator of the UNDP, leading the UN’s development efforts around the world. He was later Minister of State in the Foreign Office, covering Africa and Asia, and was a member of Gordon Brown’s cabinet. Other positions have included vice‐chairman of George Soros’s Investment Funds, as well as his Open Society Institute, a Vice‐President at the World Bank and the lead international partner in a political consulting firm. He also has served as Vice‐Chairman of the World Economic Forum. He began his career as a journalist at The Economist.
He chairs or is on the Board of a number of non‐profit boards including the International Crisis Group, the Open Society Foundation, the Children’s Investment Fund Foundation and the Centre for Global Development. He is a former Chair of the Royal Africa Society.
Mark is also a Distinguished Practitioner of the Blavatnik School of Government at Oxford University and was formerly a visiting distinguished fellow at the Yale Centre for the Study of Globalisation. He has a number of honorary degrees. He was knighted in 2007 for his contribution to international affairs.
He is the author of “The Unfinished Global Revolution” and in 2005 Time Magazine put him on its list of the 100 most influential people in the world. He continues to write, broadcast and lecture about international issues.
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LADOL Stakeholders Celebrate 5 years of ISO 9001 Compliance
LAGOS August 19, 2022: The stakeholders of LADOL Free Zone were in high spirits last week after the company once …Read More »
SHI-MCI and LADOL settled their differences and reaffirmed partnership.
7th February 2022 After over three (3) years of dispute, Samsung Heavy Industries (SHIN) Nigeria Limited and LADOL Integrated Logistics …Read More »
LADOL Continues to Lead in Compliance – Retains ISO 45001:2018, 14001:2015 Certifications
LAGOS January 14, 2022: LADOL Free Zone, LADOL has once again renewed and retained its International Organization for Standardization, ISO …Read More »
