LADOL Managing Director Dr Amy Jadesimi on was recently interviewed on the Business Morning program of Channels TV to discussing local content and funding of the EGINA FPSO project.
Watch the full video below.

Dr. Amy Jadesimi, MD LADOL, was recently a guest speaker at GTR Africa: West Africa Trade & Export Finance Conference 2018. (February 1 and 2 2018 Eko Hotel, Lagos)

She spoke on the Topic: Expanding Operations in a Challenging Market Environment.

Dr. Amy provided an update on the progress made in expanding LADOL, an in-depth review on the challenges faced in recent years in area such as oil price stagnation, financing physical infrastructure investments, transparency issues, and oil market liberalization. She provided insight on future financing plans, and prospects for private investment growth in the Nigerian economy.

We were very pleased to welcome Ahmadu Kida-Musa, Jean-Michel Guy and Nicolas Terraz from TOTAL Nigeria as well as Consul General Laurent Polonceaux and Ambassadeur Denys Gauer to the Free Zone to mark the EGINA’s arrival

Picture from Left to Right
1. Mr Ahmadu-Kida MUSA (Deputy Managing Director Deep Water District – TOTAL E & P Nigeria)
2. Consul General Mr Laurent Polonceaux (French Consul General)
3. Mr Jean-Michel GUY (EGINA Project Director – Total E&P Nigeria)
4. Ambassadeur Mr Denys Gauer (French Ambassador in Nigeria)
5. Mr Nicolas Terraz (Managing Director/Chief Executive of Total E&P Nigeria)

Total’s massive Egina FPSO vessel arrived at LADOL yesterday. The biggest ship in West Africa, and one of the world’s biggest, it’s 330m long and 34m high. Designed to hold 2.3m barrels of oil. It’ll be moved to an ultra-deep field about 130km off the coast at some stage.

The arrival of the TOTAL Nigeria Egina FPSO to LADOL Free Zone is an historic milestone for industrialisation in Nigeria. Nigerian Ports Authority Managing Director Hadiza Bala Usman was among those that joined LADOL MD Dr. Amy Jadesimi onsite to celebrate.

The Chairman of LADOL, Mr Oladipo (Ladi) Jadesimi, gave a speech to all distinguished guests to welcome the Egina.

NEXIM Bank Chief Executive Abba A. Bello and Executive Chairman Bala M. Bello with LADOL MD Amy Jadesimi admiring Egina from close up.

LADOL MD, Dr. Amy Jadesimi, today attended the launch of the Business & Sustainable Development Commission (BSDC) report “Better Business Better World – Sustainable Business Opportunities in the Middle East and North Africa”; Dr Amy is a founding member of the Commission.

“Sustainable Businesses are the single most lucrative opportunities for private sector – generating $637 billion and creating 12.4 million jobs in MENA & $12 trillion for the world by 2030”, commented Dr. Amy at the launch event. “Sustainable businesses correct market failures creating exponential GDP growth, high profits and driving positive social changes, prosperity and stability”.

“As countries in the Middle East and North Africa rise up to open new opportunities for women, welcome refugees and diversify their economies, there remains a long road for the region as a whole to become inclusive and sustainable,” chairman of the BSDC Mark Malloch-Brown said. “Better Business, Better World MENA shows there is a compelling economic incentive for business and government to accelerate, embracing sustainable solutions and rolling out innovative strategies to ensure that the region exploits fully its potential,” he added.

Click here to read the full report.

Left to right:
– Mr. Ashraf Bakry (CO-Chairman AmCham Egypt Industry & Trade Committee; Managing Director – Unilever Mashreq)
– Mr. Mohammed El Kalla ( Chair, AmCham Egypt Education Committee; Co-Founder and Chief Technical Officer – Ahead of the Curve)
– Dr. Amy Jadesimi (Commissioner – Business and Sustainable Development Commission; MD & CEO – LADOL)
– Mr. Frederic Sicre (Managing Director – The Abraaj Group)

Statistics don’t put food on the table. The World Bank named Nigeria as one of the world’s fastest-growing economies, but here’s how it can grow faster.

This month the World Bank announced that Nigeria was among the fastest-improving countries to undertake business globally. After years in the economic wilderness, negotiating an unpredictable oil price and weathering political upheaval, Nigeria seems finally to have attained recognition for the resilience of its economy.

Click here to read more at huffingtonpost.co.za

LADOL recently took part in the Seatrade Maritime Awards 2017 and was the winner of the Africa Infrastructure Award. These are the awards that everyone in the region wants to win and this was an extremely competitive category.

Collected on behalf of Lagos Deep offshore Logistics Base (LADOL) by Mrs Vanessa Stephens, Global Events Director and Managing Director Middle East and Indian Sub-Continent, Seatrade.

Presented by Mr Andrew Williams, Aviation and Seatrade Group Director, Seatrade and Mrs Emma Howell, Group Marketing Manager, Seatrade.

Click here to read more at seatrademaritimeevents.com

LADOL was a primary sponsor of the recent FT Africa Summit 2017 – what makes Africa work.

Too often we focus on Africa’s problems, whether of governance, commodity dependency, poor infrastructure or entrenched poverty. Without taking a rose-tinted view, this year’s FT Africa Summit aimed to shift the focus to what is working in Africa in the hope of drawing broader lessons that could benefit the continent as a whole. In that spirit, the agenda turned the spotlight on what is going right – without, of course, losing sight of what is going wrong or what could be done better. The most pressing questions were asked of a range of business people, policymakers, investors, practitioners and innovators including LADOL MD Dr. Amy Jadesimi. The summit focussed on Africa telling its own stories and learning from its own complex and diverse experience.

Vice President Yemi Osinbajo at the FT Africa conference, sponsored by leading African and international companies including LADOL

Dr Amy Jadesimi with other delegates at the summit.

Dr. Ami Jadesimi speaks after VP Yemi Osinbajo on putting job creation first and Sustainable Industrialisation in Africa.

Click here to read more about the summit at live.ft.com

LADOL MD, Dr Amy Jadesimi, has recently attended the Sustainable Development Impact Summit at the World Economic Forum in New York.

The World Economic Forum (WEF) recognizes that delivering on the ambitions of the 2030 Agenda for Sustainable Development and the Paris climate agreement will require accelerating public-private cooperation and deploying new technological solutions. So the WEF Sustainable Development Impact Summit covers a wide range of topics from gender parity to circular economy and technology. The Summit aims to bring together leaders from government, business, academia and civil society who will be present in New York during the United Nations General Assembly:
– Increase the impact of existing multi-stakeholder initiatives
– Catalyse new partnerships and alliances
– Explore how the advanced technologies of the Fourth Industrial Revolution could be better leveraged for sustainable development.

Dr Amy Jadesmi, a panellist at Women Leading the World to 2030 seminar

Dr Ami Jadesimi with delegates at Womens World Banking seminar.

Global Thinkers Forum
MD LADOL, with Femi Oke and Elizabeth Filippouli at Global Thinkers Forum

P4G (Partnering for Green Growth and the Global Goals)
MD LADOL with MD Safaricom (Bob Collymore) speaking at P4G Summit at United Nations

Click here to read more about the summit at www.weforum.org

LADOL CEO, Amy Jadesimi has written an article for Forbes magazine entitled “Nigeria — Separating Fact From Fiction To Restore A Nation’s Tarnished Image” to try and dispel the inaccurate image of Nigeria portrayed in the world’s media. The Full text of the article can be read below.

Running a legitimate private sector company in Nigeria is fraught with challenges. Of those challenges, the negative perceptions of Nigeria’s business environment from both local and international sceptics is one of the most difficult to overcome. In the worst cases, one is assailed with questions and concerns more appropriately addressed to someone running a company in non-specific barren war-torn country run by pirates. In reality, Nigeria is a largely peaceful, democratic country where the rapidly growing legitimate private sector is creating a level of growth and profitability that will soon rival Brazil.

However, that’s not to say there aren’t challenges. The World Bank’s Ease of Doing Business index ranked Nigeria 169th out of 190 countries in 2016 and the country’s worst recession in 25 years is keeping investor expectations low. Until recently, Nigeria had a heavy handed government famous for colluding with multinational companies and foreign governments, enriching a select few and keeping the economy from generating any sustainable momentum. Unfortunately, this chequered past means that Nigeria is still considered a market only suitable for high-risk investors and oil companies.

Unfortunately this misperception overlooks the resilience and year on year growth of Nigeria’s legitimate private sector and the new generation of Nigerian leaders that are changing the status quo. President Buhari’s implementation of business focused Executive Orders show that this government is committed to reversing the damage done to the economy by previous administrations which smothered the legitimate private sector.

In April 2017, President Buhari issued a directive putting an end to a long-standing corrosive monopoly in the maritime and oil and gas logistics sectors. This directive was noted for its solid legal basis, going so far as to rule out the return of such monopolies acknowledging the huge economic damage they inflict. Then, in May 2017, Executive Orders were put in place to ensure the government stays out of the way of real businesses and eliminates the temptation for government officials to extort the companies seeking to ply their trade legally. Such strong legal positions have reassured local business owners that this government supports transparent, value adding companies and is willing to uproot long-standing quasi-private enterprises that have benefited from cronyism for years.

Huge strides have also been made in the maritime sector. Being Africa’s largest and most populous country and home to West Africa’s longest coastline, Nigeria is a natural hub for the continent. But for decades it has failed to live up to this potential. Now under the leadership of Hadiza Bala Usman, one of Nigeria’s newest and youngest leaders, the Nigerian Ports Authority (NPA) has been transformed into an organisation that actively promotes competition and investment. The NPA has rapidly embraced Buhari’s directives and is leveraging them to create an efficient, technology driven parastatal which is discussing multi-billion-dollar investment opportunities on the world stage.

Certainly, the Nigerian government has a long way to go, but in a world where many governments seem to be openly and increasingly acting against the interests of their voters, Nigeria’s leadership is taking drastic steps to break with its past and move in the right direction.Real private sector leaders, those that have been investing and struggling for decades against the odds, are increasingly optimistic. The challenges they face today, from financing to manpower, pale in comparison to the almost insurmountable hurdles that they confronted from their own government and the multinationals that colluded with and instigated rent seeking in the past. Now that the playing field is being levelled, they are rapidly gaining traction.

The UN forecasts that by 2050 Nigeria and greater sub-Saharan Africa will make up 22% of the world’s population. This impressive population growth not only alludes to the immense human capital resources at sub-Saharan Africa’s fingertips, but also how critical this region is to global growth and stability. Even as the growth in established Western countries continues its complex decline the negative perceptions held about Nigeria prevent people from seriously looking at its opportunities.

Given the importance of this region now and going forward, it is imperative that Nigeria’s leadership does not give up on the struggle against corruption and negative perceptions. The good news is that the reality is already much better than the perception and continues to improve every day.

Click here to read more at forbes.com