Chief Executive Officer of Oando Downstream, Mr. Abayomi Awobokun has emerged as one of the World Economic Forum (WEF) 2016 Young Global Leaders.

He was chosen among the 121 ‘Action-oriented entrepreneurial minds under 40 that were positively influencing global economies.

A statement from Oando said WEF was impressed with the pedigree of Awobokun and described him as, “CEO of Nigeria’s biggest indigenous oil retailing major”, launched the Young Global Leaders program in 2004 as a platform to recognise outstanding and committed leaders from various fields including arts, business and politics.

The statement added that selected individuals went through an extensive nomination process and assessment based on rigorous benchmarks, followed by a five year fellowship to promote a better society based on collaboration, learning, and action.

“Awobokun, an energetic and innovative business leader, is responsible for overseeing the downstream operations of Oando PLC, a leader in integrated energy solutions in Africa. Oando Downstream is Nigeria’s leading supplier and retailer of refined petroleum products, with product supply in excess of 2 billion litres annually, which accounts for 20% of the private sector supply of refined products into Nigeria. He also spearheads the trading and retail operations of the business in the United Kingdom, Mozambique, South Africa, United Arab Emirates, Ghana, Togo, and North Africa.

“Ideally, a Young Global Leader has a record of outstanding accomplishments and leadership skills, and extraordinary dedication to serve the society and world at large. Awobokun joins an enviable list of other honorees from all regions of the world including Mark Zuckerberg, Founder and CEO of Facebook; Anderson Cooper and Sanjay Gupta, both of CNN.

“Under Awobokun’s leadership, Oando Downstream has raised the delivery standards of the industry in terms of operational efficiency, innovation, and professional service. This drive has led to the company’s development of West Africa’s first Midstream jetty to increase the efficiency of petroleum product supply into Nigeria, reducing vessel discharge time, eliminating the need for lightering, and saving the country demurrage costs of over $27million annually.

“The company’s efforts reach far beyond operational efficiency to a passion for their immediate community. This is reflected in their corporate social responsibility initiatives, including rehabilitating roads and environs within its community.

“Leveraging the leadership capability of a dynamic management team, Awobokun has instituted other impactful initiatives such as switching low income earners to cleaner cooking fuels by providing attractive financing options to ease the cost of acquiring Oando’s famous 3kg cylinders.

“To support the Africa skills development initiative, Awobokun inspired his team to institute a programme to train over 5,000 blue collar workers in the auto mechanical industry. The trained personnel now provide reliable technical services to a rapidly advancing automobile industry.

“Beyond his immediate role as CEO of Oando Downstream, Awobokun is actively involved in the Freedom Foundation, a faith based initiative, which seeks to rehabilitate adults exposed to the use of recreational drugs”, the statement said.