Governor Timipre SYLVA
Robert Hiscox and Governor Timipre Sylva at the Governor’s Lagos home after a successful discussion on sustainable economic development initiatives in his state and agreeing on the next steps to advance Change Group’s crude oil allocation trading programme with the NNPC.
There is an entrenched industry wide model that exists in Nigeria. It is a model that unfortunately also is pervasive in other resource laden developing economies. This entrenched model perpetuates the “curse of natural resources” in Nigeria. The current Nigerian petroleum trading model hampers innovation, harms economic growth and hinders wide-spread prosperity. In the more than half a century since the discovery of oil in Nigeria the entrenched model has created little good for the common citizen of that nation. Development and prosperity have been stifled by near sightedness and corruption which in turn has given rise to pollution, poverty and terrorism.
It is my great hope that by deploying and proving the Change Group model in Nigeria that renewable economic development can be created through the trading of non-renewable resources providing a beacon of light in a dark place.
Robert Hiscox
