Okwe Obeka is a seasoned skilled who’s making a wave in Nigeria’s oil and fuel trade together with his dedication to offering high quality procurement providers to his purchasers.
With over a decade of expertise within the oil and fuel sector, his journey is a testomony to resilience, adaptability, and a dedication to addressing challenges throughout the trade.
His intrigue and fascination with the oil and fuel trade, particularly within the realms of procurement and administration consulting, took root throughout this formative section.
He defined that the challenges encountered within the trade, significantly within the procurement chain, are multifaceted.
He highlighted a few of them as value volatility, environmental considerations, regulatory compliance, transitioning to renewable power sources, technological developments, unstable oil costs, and expertise shortages current formidable hurdles.
Nonetheless, his focus has been on discovering revolutionary and strategic options to navigate these challenges.
In response to the fluctuating prices in procurement, a provide chain market intelligence technique has been his core answer.
Drawing upon his background in accounting and administration, particularly enterprise technique, Obeka employs this technique to information his firm in making knowledgeable choices about market dynamics, pricing, and aggressive positioning.
Addressing the trade’s want for higher cooperation, he means that stakeholders, together with fabricators, producers, suppliers, IOCs, and servicing firms, collaborate to design a framework that addresses the considerations of all events concerned.
This features a evaluation of the Nationwide Procurement Act and establishing particular components throughout contract documentation to make sure a win-win for all gamers.
For presidency intervention, Obeka emphasizes the significance of bringing all stakeholders within the oil & fuel Business, particularly these within the procurement chain, to the desk.
A crucial take a look at the Petroleum Business Invoice (PIB) and addressing safety considerations are essential steps to create an enabling atmosphere for confidence and funding returns, he added.
In his perspective on bettering the financial system, Obeka stresses the collective accountability of all stakeholders, together with the federal government, personal sector, and people.
He recommends rising infrastructure expenditure, making the federal government leaner and more cost effective, lowering non-oil income merchandise taxation, addressing corruption with extreme penalties, taking safety severely, and prioritizing the welfare of host communities and environmental challenges.
He famous that his journey within the trade is marked by a dedication to discovering sensible options and fostering collaboration amongst stakeholders. His story isn’t just about navigating the challenges throughout the trade however contributing to its resilience and development.
By way of his endeavors, the knowledgeable embodies the spirit of progress within the ever-evolving panorama of the oil & fuel sector.
