Women in Business: Doyin Akinyanju
Doyin Akinyanju is a leader with a proven track record of business growth, efficiency improvement, and profitability increases acquired from 27 years of experience, in numerous management and senior leadership positions, across geographic regions.
Doyin graduated with a degree in Chemistry with honours from the University of Lagos in Nigeria, went on to obtain an MBA from the University of Wales College of Cardiff Business School, and then qualified for the Chartered Institute of Marketing. She also completed Executive Finance training at the International Institute for Management Development, Switzerland.
She was Chief Executive Officer for GE Oil & Gas in West and Central Africa and Chief Strategy Officer for GE Oil & Gas in Sub-Saharan Africa for two and a half years. She previously held senior managerial positions with Schlumberger where she spent eighteen and a half years in global and regional workspaces including Kenya, Ethiopia and Gulf of Guinea. Doyin has served on several boards and is Co-Founder of DFD SmarTech Construction. Doyin Akinyanju currently serves as the Managing Director / Chief Executive Officer of IBILE Oil and Gas Corporation.
IBILE Oil and Gas Corporation (IOGC) is a wholly-owned entity of Lagos State Government and an establishment under the Ministry of Energy and Mineral Resources, recognized under the IBILE Oil and Gas Corporation Law, 2013 (now Cap 11, Laws of Lagos State, 2015). They commenced operations in the 3rd quarter of 2016.
While at Schlumberger Information Solutions, a Schlumberger business unit as operations Manager, she was directly responsible for P&L across 9 countries, and she effectively managed intelligent cost reduction, forecasting and budget planning. She also transformed the business showing real growth in 2 years (120% year-on-year with strong profitability 19%) and led the organisation through strong leadership including mentoring and developing human capital and highly focused customer delivery teams. More so, she successfully delivered strategic/operational mid and long range plans and promoted Schlumberger’s policies, standards, and commitment to Quality, Health, Safety & Environment (QHSE) to customers, and maintained the culture within the team. She worked closely with the sales organisation and played a pivotal role in capturing new key customers generating over $10million in additional annual revenue in 2009. She penetrated and grew new markets and customer base in the Gulf of Guinea region.
As Country manager Kenya & Ethiopia, she led, managed and grew Schlumberger business, built strong client relationships, supported operations efficiently, while focusing on eliminating waste and maintaining cost discipline.
Doyin managed industry affairs and interfaced with local authorities, government agencies and local professional bodies. She built local content initiatives and strong human capital pipeline.
As CEO of GE Oil & Gas, West & Central Africa, Doyin led, grew, and implemented GE Oil & Gas strategy in West and Central Africa and as Chief Strategy Officer, Sub Saharan Africa, she formulated and led the implementation of GE Oil & Gas in Sub Saharan Africa.
She was recently appointed to be on the board of Bonny Gas Transport Limited, a subsidiary of Nigeria LNG Limited.
Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG project. The company was set up with ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG’s shareholders. The completion of Train 6 in 2008 increased the output of the Bonny Island fields, and of this new output approximately 50% goes to Europe and the other 50% to North-America.
As it is a 100% daughter of NLNG, the ownership of BGT is the same as that of NNLNG and thus, NNPC owns 49%, Shell owns 25.6%, Total owns 15% and ENI owns 10.4%.
On October 2006, a deal was made with a consortium of banks to re-finance $ 680 million.