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Jadesimi canvasses partnership among Nigerian shipping firms

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AS part of measures to successfully tackle unemployment among Nigerian youths, Managing Director of the Lagos Deep Offshore Logistics (LADOL) base, Dr. Amy Jadesimi has no reason to battle with youth’s joblessness, if industry players as well as the government take appropriate steps to harness such potentials.

According to Jadesimi,  LADOL  has  commenced work on its goal, which is to create at least 5000 direct, and 50,000 indirect jobs through such collaboration with the Nigerian Ship owners Association (NISA) and Caverton Helicopters.

Jadesimi said: “As local participation increases, we see a lot of indigenous players. One of the high profile ones for us is Caverton helicopters. We do a lot of work with NISA. They have also started to propose something that we are a big proponent of. That is collaboration”.

With collaboration, according to Jadesimi, the nation’s  private sector shipping fleet will be able to compete with the international players.

She said: Most Nigerians do not own more than one, two, maximum three vessels on an average. We cannot compete with international companies who have a fleet of a 100 vessels.

“Obviously, we have created jobs. With the project we are doing now, we have created 5000 jobs directly and 50,000 indirectly. Now, the investment in our free zone is up to $450million. Going forward, the investment that would be attracted not just to LADOL but related facilities is in the $10billion range. It comes back to capacity development”,

According to her, “if we work together as indigenes and collaborate, that is when we will reach the tipping point of where we are now, and unprecedented levels of job creation. Also, we get increasing patronage from the West Africa sub region in terms of vessel and rig repairs.

“Nigerians are missing a trick. We do a lot of damage to ourselves by not collaborating. It is insignificant to what we face trying to get business in the international market. In order to meet the local capacity, we need facilities in Baylesa, Port Harcourt and in Lagos and Warri. We also need to develop capacity in the middle belt and north. We do ourselves huge damage in Nigeria when we do not promote each other and do not collaborate”.

She noted further that, it is only when the industry has garnered enough capacity to meet local demands that the country can start thinking about being the hub for West Africa, adding “We are literally turning away tens of millions of dollars each year because we don’t have the capacity and by continuing the in-fighting between each other. It is hugely ironic to the point of being sad because Nigeria needs jobs”.

Jadesimi, who spoke on sundry issues such as the current economic impacts of global downturn in the prices of oil said  the situation may not have adverse effect on the country’s Egina oil platform project valued at $3.8 billion dollars.

The project was awarded by Total oil conglomerate to Samsung Heavy Industries with a mandate to integrate a Floating Production Storage and Off take rig otherwise called Egina FPSO platform at the LADOL base in Lagos, as the local content partner.

Jadesimi said: “There are two sides to this. In terms of our business and local content, the falling oil prices actually play in our favour.



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