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
Commitment Statement:

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”.

Click here to read the full article at bloomberg.com

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.”

Click here to read the full article at guardian.ng

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.

Click here to read the full article at www.dailytrust.com.ng

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.

Click here to read the full article on www.vanguardngr.com

Petroleum Technology Association of Nigeria (PETAN) Chairman, Bank Anthony Okoroafor, joined LADOL Executive Director, Jide Jadesimi, onsite earlier this month for a tour of the LADOL facilities as both organisations work towards the development and growth of Nigeria’s oil and gas industry.

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.

Click here to read the full article on www.africaoilgasreport.com

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.

Click here to read the full article at www.thisdaylive.com
Click here to read the full article at shipsandports.com.ng

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?

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