“Poor countries are simply poor because they neglect the women. Societies that leave women out of critical issues never develop”-UN
WIO initiative which is an agenda of the New Nation Project, is currently registering women regardless of their tribe, education, connections ability etc into this corporation, providing training in 31 key areas in the oil and gas sector to put them to work but for those who are unable to work, the benefits will still come to them, these benefits includes but not limited to widowhood protection, monthly profit, access to unsecured business loans, training and certifications.
New Nation is the grandmaster plan to turn Nigeria into America in our lifetime. It is the development of 50 African countries in 21 key areas covering access to period income, Credit, Housing, Water, Power Healthcare, Information Technology, Education, Venture capital, Emergency Relief, Justice, Food, Environment, Mortgages, Insurance, Financial Planning, Transportation, Faith, Security and values such as integrity, hard work, patience, courage , Patriotism and much more.
Women in oil Corporation is the first Indigenously formed oil company in the history of Nigeria that is owned by over 40,000 women, the reasons why WIO was setup up is to first and foremost help to diversify the economy from dependence on crude oil export, secondly, to provide unsecured business capital for our entrepreneurs and thirdly, to help to empower our Nigeria women as there is the problem of gender inequality which has lingered for so long. It is a corporation that has been designed to operate in all areas of the oil and gas industry, from upstream to downstream.
The women in oil initiative capitalizes on two legislations set up by the Nigerian government, the first is the local content law which states that indigenously formed oil companies should have 40% state in Nigerian oil industry and the second law is the 35% women affirmative which states that Nigerian women should have 35% state in the country’s economic activities. Women bear almost all responsibility for meeting basic needs of the family yet are systematically denied the resources, information and freedom of action they need fulfill this responsibility.
The vast majority of the world’s poor are women; Two thirds of the world’s illiterates are female. Of the millions of school age children not in school age children not in school, the majority are girls. Today, HIV/AIDS is rapidly becoming a woman’s disease in several Southern African countries more than three quarter of all young people living with HIV are women. The current world food price crisis is having a server impact on women around the world millions of people eat two or three times a day but a significant percentage of women eat only once, and now, many women are denying themselves even that one meal to ensure that their children are fed. These women are already suffering the effects of more severe malnutrition which inevitable will be their children’s fate as well with us for many years.
Studies show that when women are supported and empowered all of society benefits their families are healthier, more children go to school, and agricultural productivity improves the incomes increase. In short, communities become more resilient. Nigeria oil industry is the mainstream of its activities and accounts for over $200million dollars 30 Billion naira per-day yet the participation of women who are over 50% of the population is less than 3% shameful and disheartening ratio, clearly the issue of gender inequality in Nigeria must be addressed first from the oil Industry.
Indigenous oil company: an indigenous oil company is one in which at least 60% of the shares are owned by Nigeria, this has been the accepted definition since 1991, when indigenous producers were encouraged through positive policies put in place by the then Federal Minister for Petroleum Resources.
The draft bill to regulate the development of marginal fields which is the brainchild of the Association of Indigenous petroleum Explorers and producers defines an indigenous producer inline with this definition, as one where 60% or more shares are beneficially owned directly owned directly or indirectly by Nigerians and or association of Nigerian citizens. In the sense, “the term indigenous oil company” includes both privately owned and publicly owned companies.
In previous decades, viable indigenous oil industries in developing countries were state owned and consultant and specialists who believed strongly in the growth and development of the Third World Countries, strongly advocated for an increased role in exploration and production for national oil companies. Such view points have helped the rise of indigenous companies from development countries amongst which are the Saudi Arabian Armco. This company controls the national oil industry in Saudi Arabia and by virtue of that fact alone- ranks as the world’s largest company in terms of reserves and production.
To build the capacity of warrant (primarily through training and certifying them in both privileged and underprivileged communities.
To empower women to positively impact on their immediate societies, curbing prostitution and need for gender equality in Nigeria.
- Respect for the individual. Integrity, Transparency and accountability
- Staff development and growth
- Profession Excellence