Speaking during a courtesy visit to the Lagos Deep Offshore Logistics base (LADOL), the Executive Secretary of the Nigerian Content Development & Monitoring Board (NCDMB), Simbi Wabote lauded the activities at LADOL, describing it as a testimony of the success story of local content laws in Nigeria, The Guardian reports.
Wabote, who led a team of the Board and other top industry service providers on a facility tour of the base at the Apapa Ports Complex, Lagos, expressed satisfaction that the oil and gas logistics firm is moving up in compliance with its directives. While urging the management to remain committed to set goals and objectives in ensuring cost savings, jobs creation as well as technology development, he said the Board will apply “all available instruments to galvanise patronage for the facility”.
“The current administration is working hard to create jobs, and that is part of what LADOL is doing here. They have embraced local content and that has a multiplier effect of lowering cost of doing business,” he said. The Managing Director, Ladol, Amy Jadesimi, on her own part said “LADOL has come to prove that real local content actually lowers cost because one of the excuses that people give for not complying is cost.”