Lagos Deep Offshore Logistics base (LADOL) has joined the few Nigerian companies that have crossed all barriers to play in the league of global leading firms that shape business development in the world’s shipping sector.

Industry analysts attribute the growth of LADOL to the construction of the fabrication and integration yard of the Floating, Production, Storage and Offloading (FPSO) oil platform, known as Egina, worth over $3.8 billion and built in partnership with Samsung Heavy Industry (SHI) as technical partner for Total Oil Company.

The analysts say the integration facility, which has received many commendations from companies and government representatives across the global, is positioned to not only attract over $10 billion worth of investments into Nigeria in the next few years, but to also create engineering capacity and jobs for Nigerians and serve as source of foreign exchange for the economy.

“LADOL’s investment exemplifies the Nigerian Content Development and Monitoring Board’s (NCDMB) vision of domestication of industry operation, creation of job opportunity for Nigerians as well as extracting legacy for major industry projects”, Simbi Kesiye Wabote, executive secretary, NCDMB, said during his recent visit to LADOL base.

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