Browsing: Interviews

They wrote to us and said they want a new tariff because dollar has changed and so on and so forth. For a week in the whole of July of last year, we held rate case hearings which is in line with international best practices. We invited consumers to discuss the proposal by the DisCos.

So, we all pay subsidies and that is what the President removed. So, instead of going to these private pockets, Nigerian private pockets, the oil magnates, those who operate the industry, the President harvested the money and ploughed it into the treasury of the government. And that’s why most states are getting twice or even three times of what they used to get. So, you can see that money has gone into state treasuries, local government treasuries and also the national treasury and this money hitherto was going into private pockets. That’s the explanation I wanted every Nigerian to understand. But the subsidy regime now we are paying it’s still there. It may not be adequate, probably if it had been adequate, maybe the prices would have been forced down, but that which was removed was the one that was stolen money.

With its buying power combined with expertise and knowledge, the Diaspora is Africa’s could be Africa’s secret weapon, says Abou Dieng, the CEO of Global Green International Holdings, and Director of EMONECO, a publicly traded financial company on the US-Stock. Dieng, originally from Senegal would rather be referred to as African because to him, the boundaries are artificial and Africans are one people. Dieng, who is also CEO and President of Global Green International Holdings LLC, Executive Director and Ambassador for Africa of Global Treasury Supreme Trust believes that more needs to be done to extend banking services to the broader African population, especially in rural areas.