Bringing over 30 years of experience to his role as the managing director and CEO of Desicon Engineering, Akanimo Udofia is responsible for overseeing the continued growth of the company. A graduate of Harvard Business School’s Senior Executive Program, Akanimo Udofia also maintains membership with the Harvard Alumni Association (HAA).
One of the most prestigious honors awarded by the HAA is the Harvard Medal, which is given to candidates in recognition of the services they have provided to the institution. Past recipients have contributed to areas as diverse as teaching, management, and fundraising, in addition to many more.
Potential candidates for the medal include alumni, former members of the university’s staff, members of both Radcliffe Trustees and the Harvard Corporation, and members of a number of other associations that have close ties with the university. However, those who serve actively on the board or currently work on the faculty are generally not considered for nomination. The medal will also not be granted to people on the occasion of their retirements or to those who are deceased.
Nominations are made by previous recipients of the medal, which is awarded annually. Unsuccessful nominees will also be in the running for the next three years.
Desicon Engineering Ltd., a construction and procurement firm in the petroleum industry, is headed by CEO and managing director Akanimo Udofia. Aside from managing a company with more than 4,000 employees, Akanimo Udofia enjoys Italian cuisine.
Dennis Mallow, an American professor with Italian ancestry, emphasized the need to acknowledge the correct pronunciation of Italian words, especially Italian food.
One common example of a mispronounced Italian food is marinara. Rather than pronouncing it with a hard R – “Mah-ree-nah-rah” – Italian Americans pronounce it with a rolled R. English-speaking tongues usually end up pronouncing it with a D, as with “Mahd-in-nahd.” The lack of the vowel at the end is due to the Anglicizing of the traditional Italian accent.
Another example is “mozzarella.” In America, people pronounce it as “Mo-zah-rel-luh,” but Italians pronounce it as “Mot-za-re-lah.” Lastly, “cannoli,” another popular Italian food, is usually pronounced as “Cuh-now-lee” – the correct pronunciation. Whereas American Italians pronounce it as “Guh-nowl,” leading to an interesting conversation with a vendor once they go to Italy to order it.
Akanimo Udofia oversees the operations of Desicon Engineering as managing director and CEO. Aside from managing the construction and procurement firm, Akanimo Udofia supports various organizations and charitable causes, including Eastside Young Leaders’ Academy.
Based in London, Eastside Young Leaders’ Academy recognizes the need to provide children, particularly those of African and Caribbean descent, an opportunity to become skilled and productive citizens through academic training. The organization was founded by former deputy mayor Ray Lewis, who made it his mission to transform at-risk children into responsible leaders.
To achieve this mission, EYLA awards scholarships to children who have limited financial resources but unlimited potential. Through the scholarship program, children have the chance to attend some of the best boarding and independent day schools in the country, including Bedales School, Bradfield College, and King Edward’s School. The academy also works with children’s families to help them prepare for opportunities.
With over 25 years in Nigeria’s oil and gas industry, seasoned executive Akanimo Udofia works as the managing director and CEO of Desicon Engineering Ltd. in Lagos. In this capacity, Akanimo Udofia has helped grow the company from 100 employees to over 4,000, serving as a driving factor in the company’s successful operational performance.
In July 2016, Nigeria’s minister of finance announced that the country was in a recession. According to the leading credit rating agency Moody’s, the oil and gas industry will greatly help resolve the country’s financial worries in 2017.
Moody’s said Nigeria’s oil and gas industry will help the country’s economy bounce back from last year’s 1.5 percent contraction in the country’s economy. The firm predicts the country’s economy will bounce back, reaching 2.5 percent growth in 2017.
The financial firm predicts that two-thirds of the country’s real growth in 2017 will come from the oil sector, with the country’s abundant hydrocarbon reserves providing key credit support. Nigeria sits atop roughly 37 billion barrels of oil, more than a quarter of Africa’s reserves. Ninety percent of Nigeria’s goods exports come from oil and gas.
With 25 years of experience in the oil and gas industry, Akanimo Udofia serves as the managing director of Nigeria-based Desicon Engineering Ltd. In this capacity, Akanimo Udofia has coordinated efforts related to the completion of projects totaling over $10 billion. The recent agreement to cut oil production by several of the countries belonging to the Organization of the Petroleum Exporting Countries (OPEC) has had a major impact on the petroleum industry.
On November 30, OPEC reached an agreement to reduce oil production. According to the agreement, members of OPEC will cut production by 1.2 million barrels per day. A deal of this kind has not been reached for over eight years.
In recent years, the oil market has been oversupplied, negatively affecting the global supply balance and keeping oil prices very low. This has had an adverse effect on the industry as a whole, but especially on countries like Nigeria and Venezuela. The goal of the OPEC agreement, signed in Vienna, is to benefit the global economy by stabilizing supply levels. The highest-producing nation in OPEC, Saudi Arabia agreed to the greatest level of production cuts.
The impact of the deal was immediate, as prices rose to above $55 per barrel in less than a week, marking a 16-month high. It is unclear whether non-members of OPEC will join in the agreement to curb production in coming months.
As the managing director of Nigeria-based Desicon Engineering Ltd., Akanimo Udofia works extensively with several international oil companies. At Desicon Engineering, Akanimo Udofia is responsible for developing and implementing strategies to promote the organization’s growth. Due to numerous incidents of sabotage and violence, the oil and gas industry in Nigeria has suffered serious production and distribution setbacks.
Authorities have reported 58 incidents of sabotage along pipelines in Nigeria in the first 11 months of 2016. The attacks have been orchestrated by a number of militant groups who claim to be seeking their share of profits from the oil industry. In addition to these incidents, other acts of violence, including kidnappings, have occurred.
Already reeling from low global oil prices, the attacks have caused further problems for the Nigerian oil industry. First, overall production has decreased. Throughout 2016, it is estimated that over 130 million barrels have been lost. Additionally, the spillage and leaks that result from the attacks have put the fragile Niger Delta ecosystem at risk.
The managing director of Desicon Engineering Ltd., Akanimo Udofia has over 25 years of experience in the oil and gas industry. Under Akanimo Udofia’s leadership, Nigeria-based Desicon Engineering has grown from a company of approximately 100 employees to one of over 4,000. As a country, Nigeria yields a high level of sweet crude oil.
Oil was first discovered in Nigeria in 1956 by Shell-BP at Oloibiri in the Niger Delta. Since then, petroleum export and production has become a major industry in Nigeria, accounting for over 90 percent of the country’s gross earnings.
The crude oil produced in Nigeria is described as “light” and “sweet.” These words refer to a highly desirable type of crude oil that is characterized by a sulfur content of less than 5 percent. The low sulfur content allows Nigerian crude oil to yield a large amount of high value products such as diesel, gasoline, and jet fuel.
Nigeria’s sweet crude oil is also desirable because it is safer to extract and transport. In addition, it is easier to refine, causing less damage and subsequent long-term maintenance at refineries.