NCDMB advocates increased women CEOs in oil industry

The Nigerian Content Development and Monitoring Board has advocated for more chief executives in the country’s oil and gas sector.

In a bid to encourage more female chief executives, the board has commenced a six-day Entrepreneurship Training Workshop in Port Harcourt, Rivers State for 30 women who are heading different firms in the oil and gas sector.

The training, which is based on a course content developed by the United Nations Conference for Trade and Development, is being conducted by international trainers certified by the UN agency.

Speaking on the first day of the workshop, the Executive Secretary of the NCDMB, Engr. Simbi Wabote, noted that women entrepreneurs were disproportionately few in the oil and gas industry.

According to him, the entrepreneurship development programme would equip women with critical skills to participate effectively in that sector and in other endeavours.

Represented by the Manager, Capacity Building, Angela Okoro, the NCDMB boss said the training would place women entrepreneurs in a better position to benefit from the Nigerian Content Intervention Fund, established by the NCDMB in collaboration with the Nigeria Export-Import Bank.

He stated, “One of the reasons for getting this programme done is to ensure that women that participate in oil and gas business can have access to the [gender-based] fund,” explaining that the strategy is, “Teach them entrepreneurship; let them be entrepreneurs, so they will be able to apply.”

A pool of funds totalling US$40m, generated by the NCDMB and NEXIM, is available to women in oil and gas under the NCI Fund.

He noted that it was customary for the NCDMB to carry out entrepreneurship training alongside its other training programmes for the youth.

He stated “One of the things we always do with our human capacity development programmes is to train the participants on entrepreneurship, to ensure that if they do not get any form of employment, they can do business on their own. In 2022, we trained 150 persons in different skill sets, and about 50 of them are now entrepreneurs in different fields. Some of them are watch repairers; some of them are dressmakers, caterers, phone repairers. We have someone in Yenagoa, Bayelsa State, who currently has over 20 employees.”

The workshop tagged “Entrepreneurship Development Training for Women Business Leaders and Entrepreneurs” was designed to teach how to women CEOs to ‘Identify your entrepreneurial potential; develop your personal entrepreneurial competencies, and identify new business opportunities’.

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