Folake Soetan is a visionary business leader with over two decades of exceptional impact across the Aviation, Oil & Gas, and Power sectors. With a solid foundation in Finance from the University of Lagos, complemented by the Advanced Management Program at Harvard Business School Executive Education, she combines deep commercial acumen with strategic foresight.

She began her career in Aviation, where she led revenue optimisation initiatives that significantly expanded market share. At Sahara Group, she played a pivotal role in building SO Aviation into a top-tier player across West Africa, elevating the business from 7th to 3rd position in the market within a short span.

In 2015, she joined Ikeja Electric, where her transformational leadership quickly propelled her from Deputy Chief Commercial Officer to Chief Executive Officer. Her tenure has been defined by innovation, resilience, and results.

One of her hallmark achievements includes pioneering the bilateral power initiative under the willing seller–willing buyer model with her team, delivering over 20 hours of power daily to residential clusters in Lagos State. This bold move laid the groundwork for the successful launch of Nigeria’s service-based tariff regime, a turning point in the country’s power sector.

Under her stewardship, Ikeja Electric has experienced unprecedented growth. She has led a landmark reduction in Aggregate Technical, Commercial, and Collection (ATC&C) loss by over 50%, while driving digital transformation and operational excellence. These efforts have earned the company industry recognition, including “Best Electricity Distribution Company” and “Most Gender Diverse Utility Company” at the 2022 Nigeria Power Sector Awards.