- Oil and gas will remain essential, but operators must prioritise responsible and efficient practices.
- Capital market initiatives can unlock climate finance while improving transparency and performance.
Nigeria’s energy mix of oil and gas remains central to national energy planning, according to Seplat Energy’s leadership. At a high-level climate roundtable in Lagos, Seplat Energy clearly reaffirmed this position. The company stressed responsibility, efficiency, and sustainability as non-negotiable priorities. Consequently, the discussion shifted from existence to conduct and accountability.
Roger Brown, Chief Executive Officer of Seplat Energy Plc, delivered the message through Okechukwu Mba. Mba serves as Director of Gas and New Energy at Seplat Energy. The roundtable was organised by the Nigerian Exchange Group, in collaboration with DEG and Africa Foresight Group. The event also launched the NGX Net-Zero Programme, which supports credible climate pathways.
Significantly, the programme targets improved disclosures and greater alignment with investors. It aims to unlock between 2.5 billion and 3.1 billion dollars in climate-linked capital. Therefore, Nigerian companies can access funding while strengthening environmental performance. This framework aligns capital markets with measurable climate action.
Brown explained that oil and gas will remain vital for some time. However, he emphasised responsible operations as the defining challenge. Nigeria’s energy mix of oil and gas must balance energy security with environmental stewardship. Hence, operators must reduce emissions while delivering a reliable supply.
He outlined concrete actions required from industry players. These actions include higher efficiency, lower emissions, and credible offsetting strategies. At Seplat Energy, these commitments already show results. The company launched a programme years ago to end routine gas flaring.
Notably, Seplat expects to eliminate routine flaring across onshore operations soon. This milestone reflects strong environmental stewardship. At the same time, the company continues supplying energy nationwide. Technology plays a crucial role in this progress.
Seplat deploys real-time emissions monitoring across pipelines, plants, and valves. A robust asset integrity programme supports early detection and elimination of leaks. Additionally, the company applies nature-based solutions to offset remaining emissions. These measures strengthen credibility and transparency.
Other speakers reinforced the broader market perspective. NGX Group Chairman, Dr Umaru Kwairanga, called for capital markets to lead climate action. He stated that ambition must translate into measurable outcomes. Likewise, NGX Group’s Managing Director, Temi Popoola, highlighted the role of climate risk in valuation decisions.
DEG’s Monika Beck added that mobilising private capital accelerates climate progress. This partnership aligns finance with sustainability goals across Africa.
In conclusion, Nigeria’s energy future depends on balanced choices. Oil and gas will support growth while renewables expand. Responsible leadership and credible action will determine long-term success.