Roger Brown, CEO of Seplat Energy, discussed Nigeria’s energy requirements in an exclusive interview. Brown emphasized the necessity for accessible, affordable, and reliable energy at lower costs in the country. He noted that Seplat’s efforts are aligned with addressing this need.
– **Energy Access:** Nigeria requires reliable and affordable energy for economic growth, which drives Seplat’s mission.
– **Crude Oil Theft:** Brown acknowledged the impact of crude oil theft on the energy sector and highlighted the importance of collaboration between industry and government to curb this issue.
– **Petroleum Industry Act (PIA):** Brown stressed the significance of clarity in implementing the PIA to create a conducive business environment.
– **Energy Transition:** Seplat is committed to lowering energy costs in Nigeria through upstream oil and gas, gas processing, and new energy ventures.
– **Refining Capacity:** Brown mentioned the transformative potential of the Dangote Refinery and the role of regional refineries in boosting local production.
– **Governance and Leadership:** Seplat focuses on strong governance and transparency, evolving from a founder-led business to a publicly-listed company.
– **Financial Performance:** Seplat’s naira accounts reflect growth due to currency devaluation, while dollar accounts remain steady.
– **Exchange Rate Stability:** Brown discussed the importance of a stable exchange rate to attract foreign investment.
– **Vision for Seplat:** The company’s vision is to provide affordable and reliable energy, contribute to sector growth, and adhere to safety and environmental practices.