Business
MD Wants Bizmen To Make Nigeria Competitive
The Managing Director of Lagos Deep Offshore Logistics Base (LADOL), Dr Amy Jadesimi, has called for collaboration by the private sector to deliver services that would make Nigeria competitive in business.
Jadesimi made the call at the 40th Anniversary of the Nigerian British Chamber of Commerce (NBCC) held in Lagos.
She said that the collaboration would bring more investors to Nigeria, adding that it was cheaper to do business in Nigeria.
“If more investors could come and do business in Nigeria, they will employ more Nigerians.
“Our mission is to operate offshore for oil and gas which involved heavy industrialised operations.
“We still have to break the barriers of steel production but we have started full operation.
“The real private sector is still very small because the bond market is 90 per cent dominated by government.
“Nigeria needs to grow the private sector of its economy,” Jadesimi said.
She said that LADOL started operations in 2001 by building quay wall, adding that the company was 100 per cent privately-owned.
Jadesimi said that LADOL was established to help Nigeria achieve the desired oil production level per day.
She said that there was need for expansion of infrastructure in the area of offshore support facilities outside Onne in Rivers.
Jadesimi said that her company had diversified into ship repair which she said was cheaper than ship building.
The managing director said LADOL was presently building a 50 megawatts power plants in two phases.
She said that there was need for wide quay wall so that a big vessel of 350 meters could call at the ports.
According to her, all the infrastructure facilities provided by LADOL are of lower risk for oil and gas exploration in the whole of Africa.
“We have the highest crane capacity in the whole West Africa and we employed 2,000 Nigerians in two years, while the strategic facilities will make Nigeria the hub.
“The facilities in Nigeria are going to employ 5,000 people which will have multiplier effects on the Nigerian economy,” Jadesimi said.
In his opening remark, the President of NBCC, Prince Adedapo Adelegan, emphasised the need for globalisation to enable more participation by the private sector.
Adelegan called for the establishment of a technical vocational institution in LADOL to practicalise their skills to participate in Nigerian oil and gas sector, instead of going to Korea, Malaysia and other countries for training.
Also speaking, the Deputy President, NBCC, Mr Akinola Olawore, said that there was a success story and that the solution was the development of local content.
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
·
· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
·
· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
·
· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
-
Niger Delta4 days ago
Diri Recommits To Support For Security Agencies …Cautions AIG, Sacks Youth Exco
-
Nation4 days ago
Ogun, Nike Art Gallery Set To Transform Olumo Rock
-
Social/Kiddies4 days ago
Need For Girl-Child Education In Society
-
Rivers4 days ago
Citizenship Participation Key to Achieving True Democratic Government
-
Politics4 days ago
Gunmen Disrupt Political Rally In Bayelsa ….As Turnah, Others Emerge New Associates’Leaders
-
Rivers4 days ago
Security Agencies Engage Rivers Communities On Pipeline Protection
-
Nation4 days ago
Nasarawa Varsity Student Commits Suicide
-
Business4 days ago
Smuggled Rice Tops Seized Items List In 2025