Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on the EITI website and across its communications platforms.
As an EITI Supporting Company, Seplat Energy promotes transparency in the extractive sector while contributing to the development of international governance standards. This affiliation enhances corporate credibility, strengthens financial standing, and fosters greater engagement with governments, industry peers, and civil society.
Supporting the EITI enables Seplat Energy to demonstrate industry leadership, improve access to finance through transparent reporting, and stay ahead of evolving investor and regulatory expectations. It also facilitates trust-building and reinforces the company’s commitment to responsible business practices.
On a local level, Seplat Energy benefits from the EITI framework by strengthening its social license to operate, reducing investment risks, and supporting capacity-building efforts. The initiative promotes a level playing field for all industry players and enhances collaboration with key stakeholders.
By aligning with EITI standards, Seplat Energy continues to drive sustainable development in the energy sector while upholding the principles of transparency, integrity, and long-term value creation.