Business News of Wednesday, 30 October 2024

Source: www.mynigeria.com

Transcorp's CEO advocates for equitable energy access and gender inclusion

Owen Omogiafo Owen Omogiafo

Owen Omogiafo, President and Group CEO of Transnational Corporation Plc (Transcorp), has called for equitable energy access and gender-inclusive leadership in the energy sector.

She stated this during the HERizon Summit, a central feature of the Future Investment Initiative (FII) currently underway in Riyadh, Saudi Arabia.

Speaking as a Panellist on the topic “The Green Transition: How Can Women Power Sustainable Supply Chains?”

Omogiafo stressed the importance of a pragmatic approach to the energy transition, balancing sustainability goals with the urgent need for energy in underpowered regions like Africa.

She said that there is a need for practical energy transition strategies that balance access in underpowered regions, such as Africa, where millions still lack reliable energy sources.

Omogiafo underscored Transcorp's commitment to bridging the energy gap in Africa.

She remarked: "For Africa and many developing regions, the conversation around energy transition must prioritize access.

“Our focus must be on refining current systems, enhancing efficiency, and ensuring that progress towards sustainability does not ignore essential infrastructure.

“Women are natural nurturers and have a unique leadership style that prioritizes community welfare and environmental sustainability—qualities that align well with the goals of a green transition.”

In addition to discussing Transcorp’s contributions, Omogiafo highlighted how initiatives like the Tony Elumelu Foundation Entrepreneurship Program have encouraged female participation in entrepreneurial ventures related to green energy and sustainability.

On an energy transition panel, Omogiafo stressed the importance of supporting solutions that cater to the continent’s urgent energy needs.

She said: "We have a continent where, very frankly, energy transition is a luxury when you are poor.

"We need to bridge the energy poverty that exists on our continent.

"It’s about securing opportunities for Africa’s young people rather than pushing them towards migration for better chances.”