Shareholders hail Orjiako as Seplat commits to profitability
SEPLAT Energy Plc has assured shareholders of its commitment to leverage existing oil resources to develop the nation’s abundant gas reserves and drive transition to cleaner and more efficient fuel for enhanced profitability.
Besides, the shareholders commended the efforts of its Chairman, Dr ABC Orjiako, who retired from the company, for positioning the firm in the energy industry.
The chairman of the company, Dr ABC Orjiako, said the transition from smallscale diesel and petrol generation to large- scale gas- topower will improve efficiency and drive cost reductions that will accelerate economic growth and diversification, thereby improving the nation’s wellbeing.
According to him, the company is committed to aligning with the Federal Government’s economic development in terms of closing the gap in the nation’s power infrastructure.
He pointed out that the contribution of its massive investment in gas and numerous acquisitions concluded so far to its bottom line is quite significant.
Speaking at the yearly general meeting, Ayodele Kudaisi of Independent Shareholders Association of Nigeria ( ISAN), who tagged her comments as valedictory/ recommendation, said: “As the saying goes, there’s nothing that has a beginning that doesn’t have an end. It is so painful to all shareholders that you have to leave at this point in time. You have done so well and so much for the entity called Seplat Energy.
“You and your team have taken Seplat to an enviable position among all its peers, with resilience, commitment, focus and unsurpassed objectivity. You have come, you have seen and you have conquered. We are definitely going to miss you here, but don’t be too far away from Seplat.”