The Lagos Deep Offshore Logistics Base has said small and medium enterprises will provide 80 per cent of the jobs that will come from the implementation of the African Continental Free Trade Agreement.
The Managing Director of LADOL, Dr. Amy Jadesimi, who stated this on Friday, noted that it is the private sector that will reap the huge benefits of the agreement.
Jadesimi, however, doused the fear that Nigeria will be used as a dumping ground, adding that there is need for increased access to markets.
“It is the private sector participation that will drive the huge benefits for Nigeria and Nigerians in AFCFTA. We want to see more accountability, transparency, access to the markets, particularly with the small and medium sized enterprises’ participation in the agreement.”
According to the LADOL boss, “80% of jobs will come from SMEs, because these are the companies that will make sure that we get the maximum economic benefits from Africa Continental Free Trade Agreement.”
She expressed optimism that the full engagement of the local content act currently being championed in the oil industry by the Nigeria Content Development Management Board, will grow Nigeria’s economy.
Jadesimi said where Nigerians are allowed the opportunity to exhibit their talents, local content would boost the nation’s economy with reliable and cheaper production for the sustainability of any organisation post-COVID.
She described Nigerians as reliable, competent and efficient in service delivery, and able to compete favourably with their foreign counterparts, at a cheaper cost.
The LADOL MD added that during the lockdown and through the pandemic, Nigerians have been able to handle more complex tasks efficiently.
“Local content is the best way to go. Look at what happened during the pandemic; the oil companies and their expatriates had to send their workers back to their countries. But Nigerians and Nigeria proved themselves, as things that were not supposed to be handed over to them ordinarily, were later handled exclusively by Nigerians.”
Jadesimi said the offshore logistics firm was able to survive the dreaded coronavirus pandemic in 2020 due to local capacity, adding that the company also invested hugely on infrastructure, equipment, security and personnel.
She maintained that the company was keenly interested in the development of human capacity, stressing that in future countries like Nigeria would be one of the focal points for potentials and opportunities.
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