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ACCOMPLISH MAGAZINE AUGUST 2023

Jim Ovia: Making Waves In The World

Jim Ovia: Making Waves In The World

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Awareness and Youth Empowerment<br />

Initiative. Following that, we worked<br />

with Microsoft, LinkedIn, and GitHub<br />

between 2020 and 2022 to expose over<br />

15,000 Africans, using technology for job<br />

demands. We’ve also trained 25 cloud<br />

practitioners with Amazon Web Services.<br />

We’ve empowered over 200 women in<br />

leadership with the US Aid Power Africa,<br />

energy sector, women’s leadership, and<br />

Women’s Leadership Initiative that’s<br />

ongoing. We’re also working with GIZ<br />

GOPA to empower entrepreneurs to take<br />

their ideas to bankable business plans.<br />

We provide single-digit loans with them in<br />

collaboration with the Bank of Industry.<br />

We’re very committed to social<br />

impact initiatives and corporate social<br />

responsibilities. As we partner with<br />

various bodies, associations, institutions,<br />

societies and organizations to empower<br />

Nigerians, we’re very involved in<br />

education, enlightenment, empowerment,<br />

engagement and entrepreneurship - to<br />

build capability and competence so<br />

that more Nigerians and more Nigerian<br />

companies can compete favourably in<br />

Nigeria, regionally and internationally.<br />

The oil sector is known for its volatility<br />

and price fluctuations. How do you<br />

navigate these challenges and ensure<br />

the stability and growth of your<br />

company?<br />

Well, this has been a major challenge<br />

in the oil sector; when there’s a price<br />

reduction, all our clients negotiate<br />

our contracts downwards. But, when<br />

price increases, they don’t increase our<br />

contract value. So, what we have had<br />

to do is diversify. We provide services,<br />

whether they’re social impact services or<br />

CSR services; we provide services in other<br />

sectors - energy, power, infrastructure,<br />

manufac turing and mining.<br />

Secondly, we’ve tried to de-risk our<br />

naira exposure and working tirelessly to<br />

collaborate with international partners<br />

to provide services outside Nigeria so<br />

that we’re able to look at our basket of<br />

products and services to make sure that<br />

we are generating revenue from different<br />

products and services or different<br />

markets or different sectors. So, we have<br />

monthly strategy meetings to ensure<br />

that we’re not affected - to de-risk our<br />

portfolio of activities so that we’re not in<br />

Accomplish Magazine 37

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