How private sector can stimulate economic growth – LADOL MD

Dr Amy Jadesimi, MD, LADOL

By Gboyega Oni

Managing Director of Lagos Deep Offshore Logistics Base (LADOL), Dr. Amy Jadesimi has cited LADOL as a practical example of how the real private sector can stimulate significant economic growth and job creation through pursuing sustainable business operations and opportunities.

Speaking ahead of the Sustainable Development Goal (SDG) Business Forum at the United Nations in New York, United States of America, the LADOL boss cited the successful history of LADOL as the practical and policy steps needed to unlock the potentials for private sector to take a lead in achieving the 17 Sustainable Development Goals (SDGs).

Jadesimi who is to speak on “Unlocking the power of business – multi-stakeholder collaboration,” said that LADOL as an industrial Special Economic Zone built out of a disused swamp into what is now the only fully integrated deep offshore logistics base and the largest ship yard in West Africa.

According to her, the developments at LADOL could create 50,000 direct and indirect jobs, saying that 80% of the 600 million new jobs the World Bank estimated the world needs will come from indigenous companies.

Jadesimi has this to say: ‘’LADOL itself is a practical, tangible example of how the real private sector in low income high growth countries can stimulate significant economic growth and job creation through pursuing sustainable business operations and opportunities.

‘’LADOL is an industrial Special Economic Zone, built out of a disused swamp into what is now the only fully integrated deep offshore logistics base and the largest ship yard in West Africa. These developments at LADOL could create 50,000 direct and indirect jobs. But the World Bank estimates the world needs 600 million new jobs, 80% of which will come from indigenous companies. If these companies develop sustainably they will be resilient and gain higher returns. Nonetheless the decks are still largely stacked against such indigenous enterprises. LADOL’s development took over 15 years and the journey was extremely arduous.’’

“The 17 SDGs and 165 targets are a free template for the most profitable business strategies of the future, private sector will lead in achieving the SDGs, as companies that adopt sustainability now will outcompete companies that do not. In so doing they will also help to create a peaceful and prosperous sustainable world,” she said.

The Managing Director of LADOL, as the world has only 12 years to achieve the 17 SDGs, is engaging with world leaders to help put in place policies, financial solutions and partnerships that will drive investment and expertise into more real private sector companies in low income, high growth countries across the world. Ensuring that they adopt sustainability as a winning business strategy and thereby drive achievement of the 17 SDGs by 2030.

Other speakers for the forum include Jean-Piere Clamadieu CEO, Solvay; Kimmo Tiilikainen, Environment Minister, Finland Government; Guy Ryder, Director General, ILO; Sunny Verghese, Co-founder & Group CEO, Olam International & WBCSD Chair; Ana Dolores Roman, CEO, Pfizer Ecuador.

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