48 YINSON HOLDINGS BERHAD STRATEGY & OUTLOOK GROUP CEO REVIEW Meet Judith Okonta, Managing Director of our Nigeria office Judith Okonta’s trail blazing career has been nothing short of inspiring since she first joined Fred. Olsen Production ASA in 1999 and by extension – Yinson in 2014. Recently celebrating 22 years in Yinson, she has worked in various roles, starting as the Head of Finance & Administration to Business Administration Manager, Business Administration Director, Acting Managing Director and currently Managing Director, since 2018, for Yinson in Nigeria. She oversees the operations in-country which today is made up of our two FPSO’s – FPSO Adoon and FPSO Abigail-Joseph. With and through her leadership, Yinson Nigeria has developed to be not only one of the most engaged teams in the organisation but developed a culture of giving and impacting communities where they operate with particular emphasis on impacting the youth through the provision of employment, certification trainings, scholarships for higher education and provision of school furniture and equipment for primary and secondary schools. Yinson Nigeria also focuses on providing business opportunities for entrepreneurs from its host communities. We believe that the combined effect of education, employment and business opportunities is a powerful driver for sustainable development in those communities. “By resisting the temptation of tokenism in community development initiatives and focusing instead on finding ways to directly impact the people – particularly the young, we believe that we can contribute, albeit slowly, to the true and sustainable development of the communities where we operate,” says Judith. In some countries of operation, meeting a certain percentage of local content is mandatory, however our aim is to always go over and beyond the mandatory requirements. As we have long-term commitments in the countries where we operate, strengthening our local supply chain makes it increasingly sustainable for the future. A stronger supply chain translates to cost and time efficiency savings, which not only makes good business sense, but is also an important risk mitigation strategy to ensure that we are able to keep strong operational and safety uptimes. PROPORTION OF SPENDING ON LOCAL SUPPLIERS Country Expenditure on Suppliers (%) Number of Suppliers (%) Local International Local International Ghana 54.1 45.9 84.3 15.7 Nigeria 62 38 53.4 46.6 Malaysia 91.6 8.4 87.6 12.4 LOCAL WORKFORCE HIGHLIGHT
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