Seplat CEO speaks on 10-year dual listing, eyes electricity market

Seplat Energy, an energy firm listed on the Nigerian exchange and the London Stock Exchange a decade ago, has been at the forefront of driving cheaper energy for Nigerians. In a recent interview with CNBC Africa, the CEO of Seplat Energy, Roger Brown, reflected on the company's achievements marking the 10th anniversary listing and outlined the focus for the next decade. The initial decision to list on the exchanges was driven by the need to access capital to acquire and expand assets in the oil, gas, electricity, and renewable space. Brown highlighted three main reasons for the dual listing: transparency and visibility, access to capital for asset acquisition and growth, and governance for long-term sustainability. The company's commitment to these principles has not only laid a strong foundation but also propelled Seplat Energy to surpass its ambitious targets set a decade ago. Brown emphasized the importance of excelling and exceeding expectations, setting the stage for the next phase of growth and development. Looking ahead, Seplat Energy is focused on consolidating its achievements and shaping the future through a clear strategic roadmap that aligns with Nigeria's energy needs. The company's philosophy revolves around three key pillars: upstream oil and gas extraction with a focus on low carbon perspective, gas business for electricity generation to address Nigeria's high energy costs, and a future expansion into electricity production through gas to power and renewable energy. By targeting cheaper energy solutions for Nigeria, Seplat Energy aims to drive economic growth, improve healthcare, education, and overall quality of life for the population. With a clear strategy tailored for Nigeria's needs, Seplat Energy is poised to play a crucial role in revolutionizing the energy market and contributing to the country's development.