- Seplat Energy has become an EITI-supporting company, strengthening its commitment to transparency and best practices.
- The move boosts Seplat’s credibility and access to finance and supports sustainable development in the energy sector.
Seplat Energy Plc, one of Nigeria’s top energy companies, has become a registered Extractive Industries Transparency Initiative (EITI) Supporting Company. The company announced this on April 3, 2025, and the recognition is visible on the EITI website and its platforms.
Roger Brown, the CEO, said this move shows Seplat’s commitment to transparency and accountability. As an EITI Supporting Company, Seplat aims to promote transparency in the extractive sector.
The company also wants to help develop international governance standards. This partnership strengthens Seplat’s credibility, improves its financial position, and boosts engagement with governments, industry peers, and civil society.
The statement noted that supporting the EITI helps Seplat show industry leadership. It also improves access to finance through transparent reporting and meets evolving investor and regulatory expectations. The EITI partnership builds trust and shows Seplat’s commitment to responsible business practices.
On a local level, Seplat benefits by strengthening its social license to operate. The partnership reduces investment risks and supports capacity-building efforts. It also promotes a level playing field for industry players and encourages collaboration with key stakeholders.
By aligning with EITI standards, Seplat works towards sustainable development. The company upholds transparency, integrity, and long-term value creation in the energy sector.
Seplat’s Board of Directors is committed to corporate governance. The board ensures the company complies with Nigerian and UK corporate governance regulations and international best practices. The board is aware of the Securities and Exchange Commission’s Corporate Governance Guidelines and the Nigerian and UK Corporate Governance Codes.