Seplat Energy advocates transparency, governance in structured financing

Seplat Energy Plc has underscored the essential function of transparency, sturdy company governance, and stakeholder collaboration in unlocking structured financing alternatives and accelerating sustainable progress throughout Nigeria’s power sector.

Speaking on the Olaniwun Ajayi Structured Finance Roundtable in Lagos, Seplat Energy’s Chief Financial Officer and Executive Director, Eleanor Adaralegbe, urged trade gamers to embrace openness and excessive governance requirements to construct investor confidence. She made the decision throughout a panel session titled “From Theory to Transactions: Overcoming Barriers and Scaling Structured Finance in the Nigerian Market.”

Adaralegbe emphasised that belief stays the bedrock of profitable financing preparations, including that administration credibility closely influences capital attraction.

“I’ve found in my journey with the company that this has been one area where a lot of people have invested in us because they believe in the management team,” she stated.

She famous that Seplat’s dedication to partnership has helped construct lasting relationships with monetary establishments, regulators, and traders.

“At Seplat, we work with financiers as partners. We don’t try to package a deal so that they can approve it. We work with them to ensure there’s a general understanding of what we’re trying to achieve,” she defined.

Adaralegbe added that governance is a strategic enabler slightly than a mere compliance train. She famous that Seplat’s twin itemizing on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE) enforced strict compliance obligations that strengthened its institutional framework.

She additionally recommended the Securities and Exchange Commission (SEC) for creating an enabling atmosphere for capital formation, saying, “The SEC has been amazing… enabling us to do many of the things we’ve accomplished over the years.”

In his keynote handle, the Director-General of the SEC, Dr. Emomotimi Agama, highlighted the significance of market collaboration to deepen Nigeria’s capital market and scale structured finance options.

“We must work together. There is nothing wrong with our law firms identifying challenges in regulation and proposing ways to improve the regulatory framework. We must make this market better together because it is for the benefit of all of us,” Agama stated.

He reiterated the SEC’s dedication to investor safety whereas fostering innovation to make sure the market’s long-term progress and credibility.