Oge Modie

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Oge Modie
Oge Funlola Modie.jpg
Oge Funlola Modie in Abuja, Nigeria
Born
Ogechukwu Olufunmilola Modie

(1976-01-12) 12 January 1976 (age 43)
ResidenceAbuja, FCT, Nigeria
EducationUniversity of Nigeria, Nsukka, Cranfield University
OccupationPublic Servant
WebsiteWellspring

Ogechukwu Olufunmilola Modie (born January 12, 1976) is a Nigerian public servant who works as the Chief of Staff (an unconstitutional office) to the Honorable Minister of State for Petroleum Resources. She was the Chief of Staff (an unconstitutional office) to the former Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Nigeria's National Oil Corporation. Subsequently, the GMD was named as the Chairman of the Board of the Corporation, as provided for under Section 1(2) of the Nigerian National Petroleum Corporation Act of 1997, as amended on 4 July 2016.[1] Her primary responsibility is the provision of administrative, organisational and advisory support to Dr. Emmanuel Ibe Kachikwu. She assumed duty in August 2015.[2]

Prior to her present position, Modie was appointed by the Board of Directors of NOIPolls Limited as Managing Director/Chief Executive Officer in August 2012. Modie was featured in Business Day where she was referred to as "a dynamic woman with skills that show in the ways she carries out her work" and "the first woman to have headed Nigeria’s leading independent opinion polling and research organization".[3] Under her leadership, NOIPolls grew in visibility across the West African region and the continent. The company won various awards; the Global Excellence Quality Award for the "Global Most Innovative Consumer Research and Data Analysis Company" for the year 2014 and the Pan-African Distinguished Achievers Awards (PADAA) for "West Africa's No.1 Opinion Polling Research Organization". In 2015, the company also won the African Quality Achievement Award for "Africa's Most Reliable Quality Opinion Research and Polling Service Provider", Nigerian Brands Organisation's "Most Innovative and Impactful Market Research Agency of the Year-Platinum Award" and "Opinion Polling Company of the Year" by the African Development Magazine.[4]

Modie has developed a career in corporate finance, SME development and finance, opinion research and now public service.

She is a member of ESOMAR World Research (Netherlands), a Distinguished Honorary Fellow of the Institute of Brand Management of Nigeria (FIBN) and a Fellow of the Institute of Credit Administration of Nigeria (FICA). In addition, she is a Class 2015 member of the African Leadership Network (ALN). ALN creates and strengthens relationships between these leaders to encourage intra-African trade, investment and collaboration.[5] Modie was conferred with an "African Leadership Excellence Award" by African Leadership Magazine, United Kingdom Limited. She also received an Award of Excellence as "Exceptional Contributor to the Development of Economics" from the University of Abuja chapter of the National Economics Students Association (NESA).

Education and personal life[edit]

Oge Funlola Modie is an Igbo from Ogwashi-Uku, Delta State, Nigeria. She was born at the University College Hospital, Ibadan. Her names shows a link to both the Western and Eastern part of Nigeria, her paternal grandmother was Yoruba. Her parents were professionals; her father retired as the Associate Dean of the School of Medicine at the University of Nigeria Nsukka, and her mother a retired Chief Nursing Administrator at the University of Nigeria Teaching Hospital Enugu.[6]

Oge Modie grew up in the civil service town of Enugu on the university campus, where she fostered her early years of primary education at University Primary School UNEC, Enugu and her secondary education at Federal Government Girls' College, Owerri, Imo State. She studied Economics at the University of Nigeria, Nsukka, Enugu State. During her undergraduate years she was active in student groups, joining the AIESEC community, campaigning and winning the Vice President post for Marketing and being paramount in fund raising for several conferences (Legon, Ghana and Zaria, Nigeria). She also was part of the group that formed Policy Analysis and Research Group (PARG, a group that held tutorials for fellow students in the Economics department).

After about eight years of working, she studied for a Masters in Business Administration at the Cranfield University School of Management United Kingdom. She graduated in 2007. Modie also has various certificates in Project Management, Language, a training certificate in Conflict Resolution and has contributed to a range of publications.

She participates in various organisations that are focused on empowering women and children.[7]

Career[edit]

Modie's corporate finance career started in 1999 with Agusto & Company Limited, Nigeria’s first indigenous credit rating company. Agusto & Co Limited then partnered its consulting arm with IBFC Consulting to become Alliance Consulting where she worked six years as an Associate consultant building up her skills in West African Mergers & Acquisition Market with a focus on the Nigerian and Ghanaian financial services industry (pre-consolidation era).

She was also part of the teaching faculty at the IBFC AGUSTO training school where she taught Treasury Arithmetic and Credit analysis to Nigerian bankers. She left in September 2003 to join the HEIRS Alliance team, a portfolio company founded by Tony Elumelu.[8]

She was the Manager, Corporate Venturing and Incubation at Heirs Alliance where she was part of the core team that managed the financial services portfolio (over US$ 5bn) of the Standard Trust Bank group of companies now United Bank For Africa UBA group. She was the project lead on various M & A projects across the West African region.[8]

During her time at Heirs Alliance, Modie's key highlight was the planning, execution and management of a one-year US$4 million project covering acquisition, restructuring and management of a financial services company in the insurance sector. Successful planning led to the birth of one of top insurance companies in Nigeria.[9] In mid 2005, Heirs Alliance was dissolved temporarily and the management formed a new company called Nextzon Business Services.[10]

At Nextzon, she was key in designing the Nextzon Business Incubator which warranted a grant from the World Bank MSME program.[11]

On her return from business school, from 2008 to 2011, she was the Fund Director (West Africa) at Makeda Fund Managers LLC,[12] a US$50million SME private equity start up fund focused on investing in women entrepreneurs across West Africa, the fund was run in partnership with Small Enterprises Assistance Fund (SEAF) based in Washington, D.C.

As a fund director, Modie generated interest in investing in women owned/managed SMEs across West Africa. She also provided technical assistance to these women-owned businesses, particularly those that support their journey by obtaining patient capital. She was responsible for fund marketing, relationship building & managing, deal sourcing and managing investor relationships[12]

In 2009, she founded a company called Alternativ Managers that has partnered with the Ford Foundation, The Nigeria SME Agency (SMEDAN),[13] LEAP Africa[14] and Fate Foundation[15] to build capacity in SMEs and stakeholders in the sector.

Modie joined NOIPolls Limited as the Chief Operating Officer in February 2012, became Managing Director and CEO as approved by the Board of Directors in August 2012[16] until her appointment as a key support staff to the Minister of State of Petroleum Resources and Group Managing Director of Nigerian National Petroleum Corporation (NNPC) in 2015 as the Chief of Staff.[8]

Non-profit work[edit]

Modie has been deeply involved in various nonprofit organizations with a focus on microcredit, entrepreneurship, private sector development and gender empowerment. More specifically she has supported the following initiatives:

  • King Solomon’s Fund: a faith-based initiative with a focus on micro enterprises, offering debt funding and management training to micro enterprises. This has now being converted to a microfinance Bank.[17]
  • FATE Foundation: she supported FATE’s Emerging Entrepreneur Program with the primary responsibility of providing consulting advice to start ups on any business issues/challenges faced.
  • Ford Foundation: she served as a consultant for the West African Office, supporting projects that were focused on entrepreneurship, economic development and poverty alleviation.
  • LEAP Africa: she worked alongside founder Ndidi Okonkwo Nwuneli at initial start up period.

She is the founder of a youth capacity building organization called Kairos Knowledge Centre, founder of First Born Foundation, and the writer of a weekly devotional called Wellspring of Life.[18]

She has joined the board of Digital Media Development Initiative, a non-profit that has the vision to be the leading digital media brand improving the efficiency and productivity of Nigeria’s individuals and organizations by 2020.[19]

Speaking engagements[edit]

Modie has been a speaker at various events, including;

  • IFC Women's Conference in Cairo[20]
  • Private Equity Conferences in Nigeria, by Henshaw Capital Partners; Speaker alongside Cherie Blair[21]

[22]

  • IFC/Federal Ministry of Health Nigeria Healthcare summit[23][24]
  • Businessday Women Conference[7]
  • AIESEC, Abuja Chapter
  • National Association of Economics Students, University of Abuja Chapter
  • 7th Sustainability in the Extractive Industries (SITEI) Conference and Exhibition 2018[25][26]

Board seats[edit]

External links[edit]

References[edit]

  1. ^ Solomon, Henry. "Buhari Approves NNPC's New Board of Directors". Nigerian Television Authority. Retrieved 11 July 2016.
  2. ^ "Meet The Woman Secretly In Charge Of NNPC and Ministry Of Petroleum". Information Nigeria. 2016-07-12. Retrieved 2018-06-24.
  3. ^ "Oge Modie, Nigeria's first female boss of leading independent opinion poll and research firm". www.businessdayonline.com. Retrieved 2018-06-24.
  4. ^ "Oge Modie in Famous Women Entrepreneurs, Updated 2018". People Maven. Retrieved 2018-06-24.
  5. ^ "Ogechukwu Modie". African Leadership Network (ALN). 2015-07-06. Retrieved 2018-06-24.
  6. ^ "Leading Woman - Oge Funlola Modie". businessdayonline.com. Retrieved 2018-06-24.
  7. ^ a b "How the women 'broke the glass ceiling' at Series 4". businessdayonline.com. Retrieved 2018-06-24.
  8. ^ a b c "The rise and rise of Oge Modie". www.businessdayonline.com. Retrieved 2018-06-24.
  9. ^ "United Metropolitan". www.ubametropolitan.com. Retrieved 2018-01-02.
  10. ^ "Nextzon Business Services Limited". Nextzon Business Services Limited. Retrieved 2018-01-02.
  11. ^ "Projects : Micro, Small and Medium Enterprise Project - The World Bank". www.worldbank.org. Retrieved 2018-01-02.
  12. ^ a b Smartafrica (2009-07-18). "Private Equity and Venture Capital in africa: List of Private Equity and Venture Capital firms operating in Nigeria". Private Equity and Venture Capital in africa. Retrieved 2018-01-02.
  13. ^ http://www.smedan.org/
  14. ^ "LEAP Africa – Developing Dynamic, Innovative and Principled African Leaders". www.leapafrica.org. Retrieved 2018-01-02.
  15. ^ http://fatefoundation.com/new/
  16. ^ "Ms Oge Modie (Managing Director and Chief Executive Officer NOI Polls) - Event / Speaker Platform". Event / Speaker Platform. Retrieved 2018-06-24.
  17. ^ "Central Bank of Nigeria - KSF Microfinance Bank Limited". www.cenbank.org. Retrieved 2018-01-02.
  18. ^ "About - Meet Oge Modie". WellSpring Of Life. 2016-04-14. Retrieved 2018-06-24.
  19. ^ "DMDI | Innovation". dmdinitiatives.org. Retrieved 2018-06-24.
  20. ^ http://www.afdb.org/fileadmin/uploads/afdb/Documents/Generic-Documents/Cairo%20WED%20progr%20%20ENGL%2018%2010%20_2_.pdf
  21. ^ http://www.thisdaylive.com/articles/venture-capitalists-meet-policy-makers-in-abuja/144790
  22. ^ http://www.thisdaylive.com/articles/blair-nigeria-not-achieving-full-potential-due-to-corruption-lax-corporate-governance/145143/
  23. ^ http://www.nigerianhealthcaresummit.com/index.php?option=com_content&view=article&id=48&Itemid=56
  24. ^ http://www.nigerianhealthcaresummit.com/images/stories/mydownloads/conference%20program.pdf
  25. ^ Yusuf, Adeola (May 15, 2018). "CSR-in-Action rallies NEITI, FMPR for extractive sector's conflict resolution". New Telegraph. Retrieved June 24, 2018.
  26. ^ "Oge Modie - Sustainability in the Extractive Industries (SITEI)". Sustainability in the Extractive Industries (SITEI). Retrieved 2018-06-24.