Oil & Energy
TotalEnergies Moves To Encourage Women Entrepreneurs
TotalEnergies has underlined the need to encourage women entrepreneurs for the development of the nation’s economy.
The company, which stressed this during the winners of its third edition of the Startupper Year Challenge ceremony in Lagos, expressed realisation that women were missing in a lot of spaces, hence, the initiative was designed to support young entrepreneurs in Nigeria as well as the African continent.
According to the Executive General Manager, TotalEnergies Country Services, Olubunmi Poopola-Mordi, the idea behind having a price for female entrepreneurs is to encourage more women to participate and to encourage more women entrepreneurs to come up.
“So, the idea behind this award in this specific price for female entrepreneur is about improving the lot of women”, Poopola-Mordi said.
The Country Chair, TotalEnergies Companies in Nigeria, Mr Mike Sangster, represented by the Managing Director, TotalEnergies Marketing Nigeria Plc, Dr. Samba Seye, presented the award to the three finalists.
The winners were rewarded with N5 million financial support each, personalised coaching and mentoring, networking opportunities as well as media visibility.
He said the Startupper Challenge was designed to support and reward young entrepreneurs between the ages of 18 and 35 who had created a company in the past two years.
According to him, it reaffirms TotalEnergies’ commitment to supporting the socio-economic development of the countries in which the company operates in Africa.
“This prize is very important to TotalEnergies as it aligns with our culture of diversity and inclusion. I received the 15 top finalists during a courtesy call to my office. During that interactive meeting, I noticed that out of the 15, seven are females.
“We are happy with this development which clearly underlines the fact that our women are not waiting for anyone to empower them they are demonstrating that they have all it takes to excel, in an environment of equal opportunities.
“I believe that today in our midst, we have entrepreneurs whose ideas can address some of the economic challenges Nigeria and other countries in Africa face,” Sangster said.
Responding, the winners thanked TotalEnergies for initiating the programme, and promised to make Nigeria proud at the grand finale of the competition scheduled to take place in France.
There, they will join other winners from 32 African countries for the three grand prizes of Grand Winner, Best Business Creation, Grand Winner, Best Startup Under three years old and Grand Winner, Best Female Entrepreneurial Regulations.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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