…As NIS Commends LADOL’s Indigenisation Policy, Transfer of Technology***
The Managing Director of Lagos Deep Offshore Logistic Base, LADOL Dr. Amy Jadesimi has urged the African Private Sector of the United Nations, 17 Sustainable Development Goals, SDGs as a template for their new economy business models.
She stated this, as one of the distinguished speakers at the Women Working for Change (WFC) virtual Summit held Tuesday, 24th November 2020, stressing that African private sector is largely unencumbered by legacy, non-sustainable businesses and investments.
“African private sector is largely unencumbered by legacy, non-sustainable businesses and investments. This means that these African companies are set to flourish if they build businesses with new economy sustainable plans and targets. There is now no doubt that sustainability equals profitability, as proven in the Business and Sustainable Development Commission’s (BSDC) publication “Better Business Better World”, launched in 2016. The BSDC’s report identified USD 12 trillion in market opportunities for companies that focused on sustainable business models.
“The demographics of Africa offer a substantial opportunity for global wealth creation. However, we should recognise that the playing field is still tipped against local private companies. Organisations and investors that want to grow with and benefit from job and wealth creation in Africa, while ensuring that Africa industrialises sustainably, should ensure that they put their support and money in the hands of sustainable African companies. Most of the current investments/support coming into Africa now is still being channeled into large monopolies and companies that maintain the status quo,” she said.
Dr. Jadesimi spoke on the importance of removing bottlenecks and hurdles deliberately put in the place of indigenous private companies, whose growth was essential for continental prosperity, “roughly 80% of the jobs in Africa will be created by SME’s”.
“It’s as if instead of funding mobile phone companies thirty years ago – investors instead funded landline companies in the hope that they would develop mobile technology. A step change is needed, and as it happens it will result in a win, win for everyone – as prosperity in Africa will drive global peace and wealth creation,” She said.
Amy explained that women consistently lead on sustainability and the evidence clearly shows that companies with women in leadership positions significantly outperform those that are 100% male. So, achieving SDG Goal 5, female equality, and empowerment, is necessary to achieving all the other goals. For the continent of Africa, given the huge market opportunities, need to create new local companies and grow old ones – there is an urgent need to ensure that women are given the support they need to take leadership positions in the private and public sector.
The Managing Director spoke alongside, Stephanie von Friedeburg (Acting Chief Executive Officer, IFC), Myriam Brigui (Head of International Network Department, Proparco) and Manon Karamoko (Chief Executive Officer, Unilever Côte d’Ivoire) on a panel addressing the topic “Coming Out on Top of the Crisis: Towards a More Sustainable Growth Model”.
The panel discussed the following:
* By 2100, average temperatures in Africa will rise by 1°C to 4°C, while episodes of flooding and drought are set to become more commonplace. Over the same period, Africa’s population is expected to nearly triple in size. With companies looking to reinvent themselves and find new business models, isn’t it time to build back better?
* Can Africa’s private sector make a substantial shift towards sustainable growth by focusing on reducing greenhouse gas emissions, building resilience to climate change, preserving biodiversity, and developing the circular economy?
LADOL is building the world’s first Sustainable Industrial Special Economic Zone (SSEZ); and is using the UN’s Sustainable Development Goals (SDGs) to build a unique circular ecosystem, servicing a range of industries.
In the meantime, the Nigerian Immigration Service, NIS has commended the management of the Lagos Deep Offshore Logistic Base, LADOL Free Trade Zone for promoting transfer of technology from foreigners to Nigerians.
Emmanuel Arogundade, the new comptroller of Immigration Service, Lagos Seaport and Marine Command who recently visited LADOL Free Zone on familiarisation tour, said LADOL has promoted indigenisation policy by engaging more Nigerians to work in the work.
“The transfer of technology, which the Federal Government is interested in, is being complied with 100% at LADOL Free Zone. This is the essence of transfer technology, which is what Immigration supposed to monitor.
“We want a situation where there would be complete transfer of technology from foreigner to Nigerians. I want to salute the visionary leader for putting up a facility such as LADOL even as he called on other Nigerian investors o invest in projects that can create employment for Nigerians,” Arogundade said.
On the zone’s compliance with expatriate quota, the new comptroller said LADOL has always been very upright and up to date. “We have never found LADOL wanting and in the management return, they have always been up to date. They submit their returns on time and always very compliance with expatriate quota.
He assured that NIS has always been ready to support anything that would bring economic development and growth which is one of the main thrust of this administration, assuring that NIS is ready to partner with LADOL and any other establishment that conforms to government policy.
“LADOL has already become part of the Federal Government’s economic diversification agenda. Going round the Free Zone has shown that LADOL is a force to reckon with in terms of industrialisation,” Arogundade explained.
He maintained that Nigeria is blessed with human and material resources noting that the challenge has always been on how to manage these resources.
“It is not an exaggeration to say that if we are able to manage the resources of this country very well, no Nigerian will suffer and one can envisage the number of families this place (LADOL) provides for.
Managing Director of LADOL, Dr. Amy Jadesimi described the visit as very significant stressing that running of the Free Zone depends on other sister agencies, and NIS has been essential for LADOL remaining operational throughout 2020.
According to her, Nigerian Immigration has worked side-by-side with LADOL throughout the year and has shown high degree of professionalism.
“We are very pleased and honoured that the comptroller visit us today because it reinforces the good relationship we both have. We will be working closely with them going forward especially with LADOL’s Training School coming up. We need to make sure that technology transfer happens at a much faster rate and at a much higher level. So, working sideby-side with them would ensure that our technology and training plans are actualised,” she said.
Beri Abdul, Coordinator of the Nigerian Export Processing Zone Authority, NEPZA, at LADOL said he was proud of LADOL, a 100% indigenous facility, which is the first of its kind in Nigeria.
While stating that the visit has shown that the comptroller was concerned for the progress of Nigeria. He however solicited for the support of NIS in helping the Free Zone achieve its objectives.