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“The quay is key
here. We offer drilling
support, ship repair,
a fully-functioning
shipyard, piping area
and steel importation.”
region and achieve a tipping point in
development terms. Our targets are
agriculture, offshore manufacturing
and electronics companies – firms
with expensive inputs, outputs and
processes that are therefore attracted
to high-value environments.”
The international oil companies (IoCs),
due to the collapse in the oil price,
are currently engaged in cost-cutting,
skilling-up, exploration and moving to
shared facilities. More oil in the delta
will surely be discovered and the IoCs
will increase their investment at some
point. The long-term revenues from
which are vast.
Jide Jadesimi, Amy’s brother, is in
charge of Business Development and is
highly focused on bringing in the major
new customers that the free zone
needs, now that all the preliminary
groundwork is complete. “It’s the
big push right now,” he says. “We’re
re-branding LADOL as a destination –
with LiLe, industrial development and
facilities all under the LADOL umbrella.
LiLe will remain focused on oil and gas
in terms of its external client base, but
will also do all of the logistics for all the
new investors and entrants to LADOL.”
The goal is to have a mixed portfolio
of customers at LADOL, from different
vertical markets. Jide did not put a
number on the number of entrants
required to fill the base as the size of
developments varies. But tenders and
negotiations are on-going. “We have
that profile now and we’re getting
enquiries,” he elaborated.
Investment is quay
Plans are afoot for a 24MW power
station, fuel tanks and a waste
treatment facility. There will also be a
heliport for the oil rigs to make crew
changes. This will be easier and closer
than them having to go to the airport.
Short-term a VIP helipad is being
constructed for trips to and from the
airport. The fabrication and integration
quay will be 500m, with the highest
load-bearing platform in Lagos harbour.
The logistics quay is currently 200m
and will be extended to 400m, with
fast turnarounds guaranteed from as
little as 8 hours. Six supply vessels
and three heavy lift vessels can be
accommodated simultaneously. Phase
2 will include construction that could
take a decade to complete and fill the
base, even if all the development land
was leased right now.
It’s a long term commitment for
client investors. “These joint-venture
companies will take all their services
from LADOL – everything from catering
and accommodation to stevedoring
and crane hire,” Jide Jadesimi told
me. “The proposition,” he continued,
“is to be the hub for West Africa – for
logistics, fabrication, marine services
and rig repair. The marine services
include dry docking and vessel repair.
We’re filling a big gap in the market
in the region.” LADOL also conduct
research and provide market data to
clients to inform them fully.
8
Logistics Business Magazine | November 2015
REGIONAL PROFILE