The Energy Sector: A New Era of Inclusion and Diversity

The Energy Sector: A New Era of Inclusion and Diversity

In Nigeria’s oil and gas industry, the lack of diversity has been a long-standing issue that affects all levels of the workforce. This is not just a problem in Nigeria, but a global issue where decisions in the energy sector have been predominantly influenced by a homogenous group, mostly men. It’s a clear sign that change is urgently needed, not only for the progress of the industry but also for the long-term economic vitality and sustainability.

More Than Just Quotas

Gender parity in the energy industry goes beyond meeting quotas; it’s about creating a workforce that truly represents the people of Nigeria and Africa. With women making up a significant part of the population, they are not just stakeholders in the energy sector – they are central to its story and its transformation. Embracing diversity in gender, age, and skills is not just an option; it’s the guiding force leading the industry towards a more inclusive and successful future. In Nigeria, the need for diversity is even more pronounced, considering the energy sector’s crucial role as an economic driver.

Inclusivity as a Must-Have

“Gender parity”, “diversity”, and “inclusion” are more than just trendy words; they are essential elements of a modern and sustainable energy industry. Companies worldwide have come to realize the tangible benefits of diversity. Research has shown that companies with more women in leadership roles tend to be more profitable. Similarly, diverse management teams have been linked to higher revenue due to innovation. The challenges of the future require fresh perspectives and innovative solutions, and women have consistently demonstrated these qualities.

The evidence is clear: diverse teams make better decisions, solve problems more effectively, and drive innovation. The realization that the workforce needs to be diversified is not just about social responsibility; it’s also about reaping the benefits of a broader talent pool and ensuring economic viability.

The Power of Representation

It’s not just about having women represented; it’s about empowering them to make decisions. Isabelle Kocher, former CEO of Engie, is a powerful example of the need for greater inclusion in male-dominated fields like oil and gas. Under her leadership, Engie transitioned from a traditional gas and electricity utility to a leader in renewable energy solutions and clean technologies. This shows that true empowerment requires women in positions of power and decision-making.

Moving Forward

The debate is no longer about “why” but about “how” we achieve progress. It’s crucial to ensure a clear pipeline of women into management positions. Companies can take concrete steps to accelerate positive change by instituting clear diversity policies with measurable targets. At Lekoil, we have been intentional about this, maintaining a 50:50 male/female split on our board, led by a female chairperson. Fostering an inclusive work culture, providing support networks, leadership and negotiation skills training, and ensuring equal pay and opportunities are fundamental steps.

The Urgency of Change

The energy industry is at a crossroads, and the need for gender diversity in decision-making roles has never been more urgent. The challenges of the future require fresh perspectives and innovative solutions, and women have proven time and again that they bring these qualities to the table. Sustainability, in terms of environmental responsibility and economic growth, depends on the industry’s ability to embrace diversity, foster innovation, and adapt to a rapidly changing world.

Amplifying the ‘S’ in ESG

Discussions at Africa Oil Week highlighted the growing concerns around inclusion in the energy industry. It was agreed that a diverse workforce is not just a social responsibility; it’s an economic and strategic advantage. To leverage this advantage, companies must strengthen their commitment to diversity and treat it with urgency, moving beyond historic notions of resource extraction to championing the growth and empowerment of the people they serve.

A Brighter Future

We are at a pivotal juncture where diversity and inclusion are the keys to fostering sustainable growth. By breaking free from old norms, we can create a more inclusive and vibrant energy sector that benefits generations to come. Empowering women is not just good business; it might just secure our future.

About the Author

Fajemirokun is a people management strategist with over 13 years’ experience building human resource infrastructure across multiple markets. She is currently the GM, Human Resources & Admin at Lekoil Nigeria Limited.