LADOL Mammoet Deal: Groundbreaking Ceremony Kicks Off

…….LADOL Now Biggest Heavy Lift Terminal in West Africa, Cut Cost for IOCs

Nigerian Lagos Deep Offshore Logistic Base (LADOL) and MAMMOET, the global leader in engineered heavy lifting and transport strategic partnership grounding breaking ceremony was well attended by Netherlands Consul General Kingdom of Netherlands, Jan Van Weijen; Chairman of LADOL, Oladipupo Jadesimi; Managing Director of LADOL, Dr. Amy Jadesimi; LADOL’s Executive Director Business Development, Jide Jadesimi; MAMMOET General Manger West Africa, Harmen Tiddens; MAMMOET Regional Managing Director East Africa, Jacky Van Den Brink; and MAMMOET Commercial Manager West Africa, Oliver Dirkzwager.

Oil and gas industry players such as Baker Huges, Cavmont, Les Energy, Librod, OVH, Sahara Group, Nordic Degree, The Brade Group, DINSANJ Ventures Ltd, Boskalis Westminster Nigeria, Supermaritime, South Dredge Ltd, First Priority Resources Ltd, Peacegate Oil and Gas Ltd, Strickland Services Ltd, Dindu Energy Services Ltd, AB Offshore, Petrolex, ETE-FLOEX, Debyl, Kenlee, Gilautomation, C&I Leasing, Protection Plus Services, Northbrigde Energy, Marine Network and representatives from Nigerian Port Authority, NPA, Nigerian Customs Service, Nigeria Export Processing Zones Authority, NEPZA and Nigerian Immigration Service were in attendance.

LADOL & Mammoet Formalise Partnership As It Unveils Heavy Lift Cranes

Speaking at the groundbreaking ceremony held in Lagos, Jide Jadesimi, executive director. Business Development of LADOL described the cranes as unique infrastructure that would transform LADOL into a heavy lifting terminal in Nigeria.

“This simply means that for the first time ever in the history of Nigeria, heavy cargoes can be handled at the LADOL quayside, which will service projects not just in Nigeria but for the entire West African sub-region,” he stated.

According to him, a LADOL’s client, who is a ship owner, complained that he recently had to send his vessel to Cameroon because there was no facility in Lagos where he could take his vessel out of the water, do the repair work that was required and put it back into the water. “For exporting the job, what should have cost about $100,000, ended up costing him over $500,000, and it also took longer time such that his company lost the contract.

By having equipment such as MTC 15 crane, Jadesimi stated that LADOL would be able to assist those kinds of clients and companies to reduce cost and actually make sure that the can get services they needed to really boost Local Content and Nigerian economy.

Let’s not lose these jobs and monies to neighbouring countries. We know what is happening with the Africa Free Trade Agreement, which is going to become even more competitive in the future. So, we have to acquire this kind of infrastructure in Nigeria to be able to attract these kinds of cargo and businesses,” he said.

Continuing, he stated that, “We also know what is happening with the congestion in Apapa Port. So, while the Federal Government is doing everything it can to alleviate that situation, we the private businesses and also as a duty free zone located within Apapa, we need to do our part to enhance the Ease of Doing Business in Nigeria,” .

On his part, Jan Van Weijen, consul general, Kingdom of Netherland, who described LADOL as a very good operator of the Free Trade Zone, said the installation of the heavy lifting cranes at the terminal would enable LADOL and Mammoet to domesticate resources and increase capacity in the harbour.

“This partnership will bring in new businesses. The customers will be happy because they can get heavier things in and out of Lagos than they could before. It would also increase the business handled by LADOL and lower cost for customers,” Weijen said.

Amy Jadesimi, managing director of LADOL, said the collaboration with Mammoet has made Nigeria the hub for heavy lifts for the region, adding that the terminal by this now has capacity to do fabrications, repairs, and integration in Nigeria.

“This will attract business from outside the country, but most importantly, there is no reason to fabricate and send it out of the country, translating to increase in local demand for fabrication and engineering. This would also result to the creation of tens of thousands of jobs,”she stated.

Stating that the challenges facing local fabrication is sending fabricated pieces abroad for integration due to lack of lifting capacity, Jadesimi stated that, ships and oil rigs can now come from all over the country or region to be repaired at LADOL, which would grow the size of market with higher revenue for government, higher job creation for Nigerians and naturally lower cost for businesses.

“Lowering our cost is critical at this stage. Nigeria is suffering from a drastic decrease in oil price and that is going to force changes, but these are changes we should make anyway. Even if the oil price was to be 100 dollars per barrel, Nigeria is still too expensive. We have to lower our cost and our collaboration with Mammoet would lower the cost of doing business,” she said.

Mammoet has installed in LADOL its heavy lift terminal crane – MTC 15, which turns any quay into a heavy lift terminal. With a load moment matching a 1,200 ton crawler crane or a large floating sheerleg, the crane enables loads up to 600 tons to be lifted to and from the quay from non-geared cargo vessels.

Experts believed that this lifting capacity is ideal for loading and offloading heavy items such as columns, vessels, reels, engines and any other project cargo. One of the cranes have been installed at the LADOL quayside earlier in the year while the second cranes which is currently at the LADOL base would be erected by one and half weeks to come.

Home Page news NewsMar 10th, 20200 comments

International Women’s Day 2020

To mark this year’s International Women’s Day, MD of LADOL and Board Member of Endeavour Nigeria, Dr. Amy Jadesimi said:

“Equality isn’t a women’s issue, it’s an economic issue- in every sphere of life:

Gender parity at work will increase global GDP by USD 28 trillion (26%);

Start-ups with a female founder outperform all-male teams by 63%

• Low female employment reduces GDP by 15%

Across the world we need structural changes in healthcare, education, employment, politics and at home, that will lead to gender equality, enabling global wealth and harmony.

Companies and governments that invest in achieving SDG 5 – will be the leading organizations and countries of the future.”

Home Page news NewsMar 8th, 20200 comments

Perspectives from Africa: Facilitating Economic Development in Nigeria

As part of a series on Development practice in Africa, Temi Phyllis Pratt (MSc Development Management) interviews key African stakeholders working on the continent to drive development across a number of sectors. In this second interview, Dr Amy Jadesimi, CEO of Lagos Deep Offshore Logistics Base (LADOL) discusses the role of the private sector in industrializing Africa and being the driving force of job creation in Africa, with a specific focus on Nigeria.

Dr Amy Jadesimi is a leading advocate for private sector development in Africa. She is currently the CEO of LADOL, a $500 million Industrial Free Zone. Amy was a Commissioner for The Business & Sustainable Development Commission. She then joined the UNDP Steering Committee on SDGs and the UNICEF Advisory Group in 2019. Amy received financial training at Goldman Sachs after receiving her MBA at Stanford Graduate School of Business & medical training at Oxford University. Her accolades include being listed in the Top 50 Women in Technology by (Forbes, 2018), Oil and Gas Leading Woman of the year (Foreign Investment Network, 2018), voted the Young CEO of the Year (African Leadership Forum, 2018), an Archbishop Tutu Fellow, a Young Global Leader -Alumni (WEF), a Rising Talent (Women’s Forum for Economy and Society), one of 20 Youngest Power Women in Africa (Forbes), one of Top 25 Africans to Watch (Financial Times), one of the Most Influential People of African Descent (Under 40) Worldwide (United Nations International Decade for People of African Descent (UN IDPAD), 2018) She has been recognized as one of the 50 most Influential Women in Business by publications which include: The Africa Report, Jeune Afrique and the Africa CEO Forum. She currently serves as a member of the Advisory Board of Prince’s Trust International and is a contributor to Forbes.

Read more details here: https://blogs.lse.ac.uk/internationaldevelopment/2020/01/27/perspectives-from-africa-facilitating-economic-development-in-nigeria/

Home Page news NewsFeb 2nd, 20200 comments

LADOL and Mammoet sign collaboration agreement

The Lagos Deep Offshore Logistic Base (LADOL), an indigenous Nigerian sustainable industrial zone, and Mammoet, the global leader in engineered heavy lifting and transport, are proud to announce a strategic partnership.

The partnership is aimed at expanding LADOL’s capacity for project cargo handling and logistics for industrial sectors in West Africa. It will enable LADOL to utilise Mammoet’s crane fleet and project management services to provide clients with more comprehensive and cost-effective solutions.

Mammoet will supply LADOL with its heavy lift terminal crane, the MTC 15, which turns any quay into a heavy lift terminal. With a load moment matching a 1,200t crawler crane or a large floating sheerleg, the MTC 15 enables loads up to 600t to be lifted to and from the quay from non-geared cargo vessels. This lifting capacity is ideal for loading and offloading heavy items such as columns, vessels, reels, engines and other project cargo. The crane will be installed at the LADOL quayside in January 2020 and will be the biggest shore crane of its kind in the region. In addition to the MTC 15, Mammoet will mobilise a 250t crawler crane to support LADOL’s quayside operations.

Commenting on the partnership, Harmen Tiddens, General Manager of Mammoet West Africa, said, “We are honored and excited to partner with LADOL, because together we can bring greater value to our joint customers. Any company with a project that requires shipping or handling of project cargo in, to or from Nigeria now has a fast, reliable and cost-effective option in Lagos.”

LADOL’s Executive Director Business Development, Jide Jadesimi said, “The establishment of a long-term relationship between Mammoet and LADOL is an extremely exciting and significant development. This will massively increase local capacity, thereby attracting the general fabrication and complex construction jobs that are in increasing demand, not just in Nigeria but across the sub-region.”

Home Page news NewsJan 23rd, 20202 comments

Chairman of LADOL- Chairs 2019 Nigerian Shippers’ Council Annual Stakeholders Appreciation Night

LAGOS 2019: Chairman of LADOL, Mr. Ladi Jadesimi has described the Global Maritime industry as holding vast untapped potential for growth and wealth creation. The Chairman added that the sector also holds the key to the sustainable economic development of Nigeria when its potential is adequately harnessed and nurtured.

Mr. Jadesimi made these statements while he was Chairing the 2019 Nigerian Shippers’ Council (NSC) Annual Stakeholders Appreciation Night held recently in Lagos. The Chairman stated that having the longest coastline in West Africa gave the Nigerian maritime sector vast untapped opportunities and that the maritime sector could develop sustainable businesses that would dwarf the revenues we get from exporting commodities.

LADOL’s Chairman pointed out that across the world crude oil is increasingly being marginalised and huge pressures continue to mount to move to cleaner alternatives, and renewables. At the same time the maritime sector is offering a wide range of new business opportunities from clean energy to new modes of transportation, logistics and agriculture – maritime sector cuts across almost all other sectors.

“The maritime industry holds the key to the sustainable economic development of Nigeria by developing the full the potential within the sector across a range of industries”.

Whatever we do must be underpinned with strong local content – in today’s world that starts with Nigerians owning, engineering and building the ships we use.

“It is however demonstrably the case that we have quite a large financial and capacity gap to fill for Nigerians to be in a position to own most of the vessels ploughing through our waters. Of course, we are all aware of the particular challenges militating against expansion of vessel ownership by Nigerians, the number one hurdle being access to long term finance at a reasonable price. Nonetheless, the opportunities here are considerable and more than sufficient to support the needed investment,” he said.

“Nigeria is ideally placed and suited to become the ship building, repairs and maintenance hub for Africa. This will go hand in hand with ship building. Our local market alone can justify the investments and new facilities needed. This is also an industry that has a significant multiplier effect on long-term job creation. We can just imagine the enormous positive socio-economic impact of developing vibrant wide spread ship building capacity in Nigeria along with manpower training and leading to the gainful employment in the hundreds of thousands of Nigerians.

“We should borrow a leaf from the Philippines, in many ways comparable to Nigeria in socio economic terms. As a matter of public policy, over the years they have developed a very robust world class merchant seamen training programme. Today there are tens of thousands, perhaps even hundreds of thousands of Pilipino merchant seamen deployed all over the world who remit millions of dollars back to the Philippines year in year out.”

“Water transportation is yet one more area where our water resources can be harnessed to power industrial development. Agricultural products rot due to poor logistics and transportation options. With no means to move them to the market efficiently the agricultural sector cannot compete globally. Roads are expensive to build and maintain. Thanks to the present Government, the railways are rising again but will take time. We can make use of the water ways today; with a fraction of the investment we would need to make into roads.”

Mr. Jadesimi also outlined the boundless potential of a less spoken about sub-sector in maritime, that is the maritime agro industry. This includes fishing, shrimping and industrial processing, for local consumption and export.

He reminded members of NSC and the captains of industry present that the opportunities before them in the maritime sector would significantly move Nigeria forward, growing the private and the public sector – i.e. win, win. In short with continuing government support and real private indigenous companies investing, innovating and industrialising the maritime sector it can add 30% to Nigeria’s GDP.

Home Page news NewsDec 19th, 20190 comments

10th BusinessDay CEO Forum

Picture Caption: BusinessDay CEO Forum1- L-R: Abisola Jinadu-Anjorin, Client Revenue & Procurement Associate, LADOL; Amina Oyagbola, managing consultant, AKMS Consulting; Niyo Yusuf, managing partner, Verraki Partners, and Eyitope Kola-Oyeneyin, partner, McKinsey and Company.

LADOL’s Client Revenue & Procurement Associate, Abisola Jinadu-Anjorin represented Dr. Amy Jadesimi at the 10^th Anniversary Edition of BusinessDay CEO Forum Nigeria with the theme: NIGERIA AT CROSSROADS: THE PRIVATE SECTOR OPPORTUNITY presented by McKinsey & Company.

Professor Peter Tufano, Dean, Said Business School presented the Keynote address: Accelerating Growth and Outperforming the Market.

Abisola participated in a panel session tagged – Linking Talent to Value – How Do Businesses Ensure They Attract, Rigorously Deploy and Retain The Right Talent In A Rapidly Changing Work Environment?

She said “organisations have to be proactive in identifying & deploying the right talent by ensuring alignment in value during recruitment processes; be strategic in retaining these talents by creating an enabling environment for employees to thrive, paying competitively, developing & training staff, flexibility, recognising and acknowledging good performance; and lastly, the need to identify high potentials in order to mitigate the flight risk of high performers by having strategic succession plans in place”.

Other panelist includes Segun Ogunsanya, CEO Airtel; Amina Oyagbola, MD AKMS Consulting; Haresh Aswani, MD Tolaran; Niyi Yusuf, Managing Partner, Verraki Partners; and moderated by Eyitope Kola Oyeneyin, Global Partner McKinsey & Company.

Home Page news NewsDec 5th, 20190 comments

19th International Economic Forum on Africa

The Managing Director of LADOL, Dr. Amy Jadesimi, joined a high level panel of speakers who participated in the 19th edition of the International Economic Forum on Africa on the theme: “African Integration: Investing in our common future”, on 29 November 2019, in Madrid. The Forum was organised by the OECD Development Centre and the African Union Commission, in collaboration with Casa Arabe, Casa Africa and the Spanish Ministry of Foreign Affairs, European Union and Cooperation.

Speaking on the opening panel, “Two billion consumers by 2050: Are African enterprises ready? What policies are necessary to advance productive investment and transformation in Africa?”

She said: LADOL is the largest 100% private, 100% indigenous industrial special economic zone in Nigeria. Over the last 18 years the investors have attracted USD 500 million into the Zone, transforming a disused swamp into a world class integrated logistics base and the largest fabrication and integration Yard in West Africa, with the highest lifting capacity in Africa. At LADOL we focus on tackling high value activities, taking on projects that have never been done in Nigeria before – this opens up the market and has a multiplier effect on job creation of between 5 to 10, i.e. for every 1 job created in LADOL, 5 to 10 are created outside LADOL. LADOL is also a model for new economy diversification, we are now leveraging our revenues from servicing the petroleum sector to complete the development of the remainder of the Zone as a completely sustainable ecosystem and circular economy. We spent the last three years perfecting this master plan and we are now rolling it out.

“LADOL’s development highlights the importance of supporting real private sector indigenous companies- because only indigenous companies will have the stamina, staying power and passion to build new businesses over ten to twenty years. 80% of the 680 million new jobs the world needs will be created by SME’s and larger indigenous companies such as LADOL. This means it is imperative that development finance institutions (DFIs) and other investors in Africa directly fund private companies in Africa. To date, the vast majority of funds have gone through intermediaries, with most of the direct funding going to multinationals operating in Africa – this has to change if we want to build a sustainable world and maximise returns to investors.”

Home Page news NewsDec 2nd, 20190 comments

2019 Women Director Conference, Lagos

Lagos Deep Offshore Logistic Base, LADOL’s Chief Finance Officer, Jocelyn Nwaokenneya represented Dr. Amy Jadesimi at the 2019 Women Directors Conference in Lagos with the theme “Female Participation: An Imperative For National Development” which featured Senior Vice Chairman, Standard Chartered Bank Group, Mrs. Bola Adesola as the Key note speaker.

Speaking on the Sectorial Perspective of Female Participation towards National Development during the second panel session, the CFO said “In LADOL, we have a level platform for all to thrive including women. For instance, we have Women heading the HR department, IT department, Legal department, Accounts department and Marketing & Public Relations Department. In this way, LADOL serves as a model for female participation in corporate leadership and contributing its quota to national development.”

LADOL’s CFO, 1st from the right

Home Page news NewsNov 20th, 20190 comments