“This award celebrates a woman for outstanding achievements during the past year that have made a contribution to and impact on the West African Power Industry, whether from a public or private company or institution,” read the statement from organisers.
Okonjo-Iweala is believed to have improved Nigeria’s economic growth by making the energy sector more transparent.
(READ MORE: Nigeria surpasses S.Africa as continent's biggest economy)
The finance minister is also reported to have been the force behind the privatisation process and has called for strategic focus on development, particularly in energy.
The West African Power Industry Convention (WAPIC) is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.
Former Nigerian Power minister Bart Okechukwu Nnaji and Ughelli Power were some of the popular winners at the inaugural West African Power Industry Awards that were announced at the sold-out gala dinner ceremony during the West African Power Industry Convention (WAPIC) on Tuesday evening at the Eko Hotel in Lagos.
Nnaji was honoured with the Lifetime Achievement Award while Ughelli Power won for the Power Transaction of the Year.
(READ MORE: Nigeria to accept bids for 10 power plants)
“We recognise Prof Nnaji for the tremendous impact that he has had on the power sector and for his ministerial contributions in transforming the energy landscape in Nigeria,” read WAPIC statement.
The awards took place at the backdrop of more than 1000 power professionals who are gathered in Lagos this week for the 11th edition of WAPIC where the latest updates on the Nigerian power industry’s privatisation and other opportunities in the regional energy sphere are being discussed.