Business
Group Wants More Leadership Positions For Women In Energy Sector
A group, Women In Energy Network (WIEN), has urged government at all levels to promote women leadership in the energy sector by appointing more of them to head agencies and institutions at sectional, regional and international levels.
The group also called on the federal and state governments, specifically, to strengthen existing policies that would attract more women into Science, Technology, Engineering and Mathematics (STEM).
The Tide source reports that President, WIEN, Mrs Funmi Ogbue, spoke at the group’s Breakfast Session held in Lagos on Monday to commemorate the 2020 International Women’s Day.
Ogbue said that the theme of the session, “Closing the Energy Gap”, was very apt because statistics indicated that women and girls were at the receiving end of the gender gap in Nigeria.
She said: “For instance, according to the World Bank collection of development indicators compiled from officially recognised sources, the percentage of women participation in the labour force (i.e economically active) in Nigeria was reported at 45.57 per cent in 2019.
“Also, women in Nigeria earn less than 60 per cent of what their male counterparts earn for similar work.
“Another World Bank study also showed that while the rate of establishment of women-owned businesses is quite high, these businesses are usually smaller, in the informal sector, in low value-addition sectors, and regularly under-perform those owned by men.
“When narrowed down to the energy space, the industry remains historically male-dominated at all levels, from leadership roles in major corporations to jobs working in mines and on oil rigs.”
Ogbue said in order to bridge this gap, women need to take leadership positions and develop their capacity to lead effectively, while inclusive financing options for women should also be created.
She said: “Every effort must be made to facilitate access to Information and Communication Technology (ICT) as women become more successful when they have access to technology they can leverage.
“Men must become champions for women by creating a new conversation which will ensure sustainability of empowerment for women and girls.
“For us at WIEN, we plan to reach out to more women and leverage on what other women networks, associations and groups are doing.
“We want to support women to get better businesses, trainings and make better connections.
“We are looking to champion more programmes like this, devoted to networking and empowering women, mentoring young women professionals, promoting STEM for young girls and strengthening women-owned enterprises in the energy sector.”
On his part, Chief of Staff to the Minister of State for Petroleum, Mr Moses Olamide, said Nigeria was on course to achieve its target of making “2020 the year of gas’’ by deepening Liquefied Petroleum Gas penetration in the country.
Olamide said the passage of the Petroleum Industry Bill was also being vigorously pursued, adding that such reforms would create opportunities for more women to come into the sector.
He commended the organisers for coming together on the platform of WIEN to champion the cause of women, stressing that such collaboration and synergy was needed, particularly with decline in crude oil prices.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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