Seplat’s commitment to creating shared value and achieving positive social and economic outcomes for its host communities is further embodied in the Company’s local content policy.
Seplat seeks to ensure there is a positive multiplier effect on the local economy through significant local content spend, enhancing the Company’s local supply chain and contributing to a thriving and competitive local market. Seeking to use local business partners can simultaneously reduce operating costs and project risks by developing a mutually-beneficial relationship with the Company’s local partners.
Seplat is committed to Nigeria’s economic and social development and will continue to work collaboratively with local partners to ensure a competitive local services market to stimulate local employment opportunities within a diversified market.
Our social investment programmes aim to target immediate impact projects at a local level. We have invested US$64m since 2010 towards healthcare, education, economic empowerment/capacity building, infrastructure development and environmental stewardship initiatives.
|Economic empowerment / capacity building||39|
Local employment generation
Sourcing skills locally and investing in capacity building programmes to enhance the local talent pool are focal to Seplat’s CSR strategy.
Generating shared value with our local communities through job creation and skills enhancement has been our intent since inception, and as such, the number of employees recruited from our local communities has grown year-on-year and remains a key KPI to measure Company performance annually.
Local content obligations were introduced by the Nigerian government to guarantee a minimum of 98% employment domestically. As an indigenous Nigerian operator, we are committed to surpassing legislative requirements and are delighted to announce that over 98% of our employees are Nigerian.
Our social investment programmes aim to target immediate impact projects at a local level. These include healthcare, education, economic empowerment/capacity building, infrastructure development and environmental stewardship initiatives as shown below.