Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has been deliberately implementing gender-friendly policies that will promote women inclusion in the oil and gas industry.
Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum (NCCF) Diversity Sectoral Working Group (DSWG).
The News Agency of Nigeria (NAN) reports that the conference had as its theme: “Leveraging Opportunities for Women in the Oil and Gas Industry.”
He said although women made up 48 per cent of the global work force, they only accounted for 22 per cent of the labour force in the oil and gas sector.
“However, the Nigerian government has been deliberate in gender-friendly policies.
“This is aimed at increasing access to funding, award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry.
“This government, through its Nigerian Content Development and Monitoring Board (NCDMB) – Nigerian Export-Import Bank (NEXIM) partnership, has rolled out a 40 million dollar fund to empower women in the oil industry.
“This is separate from the 300 million dollar Nigerian Content Initiative (NCI) Fund, which is equally available to women (and men) who meet the criteria,” Sylva said.
The minister stated that the industry played a pivotal role in the socio-economic development of the world and would continue to play this key role in spite of the growing call for energy transition.
According to him, harnessing the natural endowment, strength, intuition, knowledge and expertise of women for the growth of the industry has become a fundamental truth.
He noted that women needed one another to survive the realities of the sector, whether locally or internationally.
The minister said: “It is estimated that women occupy about 50 per cent of non-technical positions at entry level compared to only 15 per cent of technical and field role positions.
“Gender diversity and inclusion decreases with seniority. There is only a tiny proportion of women in executive positions.
“The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level, a recent study
by Global Energy Talent Index Report has indicated.”
He, therefore, urged the various women groups in the sector to work together in championing the course of women in the industry.
Also, Executive Secretary, NCDMB, Mr Simbi Wabote, said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector.