Sepha Energies Advocates Increased Funding for Indigenous Oil Companies

By Benson Daniel

Sepha Energies has called for greater access to financing for indigenous oil and gas companies, saying improved funding is essential to unlocking the full potential of Nigeria’s energy sector and increasing local participation in the industry.

The company noted that indigenous operators continue to play a growing role in the exploration, production and development of the country’s oil and gas resources but often face significant challenges in securing affordable long term financing for critical projects.

According to Sepha Energies, increased investment in local energy firms would accelerate production, enhance operational efficiency and strengthen Nigeria’s drive toward energy security. The company also stressed that better access to capital would enable indigenous firms to acquire modern technology, expand operations and create more employment opportunities.

Industry stakeholders believe that financial institutions, development finance organisations and private investors have a critical role to play in supporting indigenous companies as they assume greater responsibility for assets divested by international oil companies.

They further noted that strengthening local operators would help retain more value within the Nigerian economy, encourage technology transfer and deepen the country’s local content objectives in the petroleum sector.

Sepha Energies expressed optimism that stronger collaboration between government, financial institutions and private investors would provide the capital needed for indigenous companies to compete effectively and contribute more significantly to national economic growth.

The call comes as Nigeria continues to pursue policies aimed at boosting domestic investment, increasing crude oil production and promoting indigenous participation across the oil and gas value chain.