₦airaland Forum

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ASUU its been a while fa 🤷🤷😋

Even if na 1 Month...

Why should they? Let your spouse breathe






ASUU its been a while fa 🤷🤷😋

Even if na 1 Month...

What else do you expect from hook upd




ASUU its been a while fa 🤷🤷😋

Even if na 1 Month...

Wahala everywhere.





ASUU its been a while fa 🤷🤷😋

Even if na only 1 Month........

Mtcheeeeeeeeeeeeeeeeeeeeeeeeeeew

Person go just dey fight over wetin she no fit chop finish. Dey there dey do gragra till your husband send you packing over nothing, especially if the girl's pusssssssy sweet pass your own

He is nothing but a very big disappointment, but I was not surprised, I knew he had nothing to offer, than to just fulfill his political ambition

These cannot feed some families

Na wetin gala do dem? Gala wey sweet pass any other snacks for Nigeria, especially if you cook am well and come take am chop egusi soup or banga soup. Abokis no sabi better thing.

*Editorial*

*NNPC OVERDUE*✔️
*For Drastic Shake-Up*✔️

*25th August 2023*
*NNPC GMD, Mele Kyari*

*By*

*Punch Editorial Board*


*THE recent intervention launched by the Nigerian National Petroleum Company Limited to help rescue the naira pleased the government but also raised some eyebrows. While the Federal Government welcomed the NNPC’s announcement that it had secured a $3 billion emergency crude oil repayment loan from the African Export-Import Bank to help “stabilise the naira” and help in reducing petrol prices, analysts fret that the national oil company still operates like a government department despite its recent supposed transition to a fully commercial, profit-oriented firm.*

*President Bola Tinubu should elevate long-term national interest above temporary relief and immediately initiate sweeping reforms in the company.*

*Fiscal recklessness and lack of accountability have for long reigned at the NNPC, as detailed in multiple reports by domestic and international agencies and via revelations at numerous parliamentary hearings. Its outward makeover last year in line with the provisions of the Petroleum Industry Act mandating its transition from a state corporation to a limited liability enterprise is seen by many analysts to be largely cosmetic. Its long history as a state appendage tied to the whims of the government in power has calcified its state-centric habits.*

*Nigeria’s economy is truly in crisis: the naira tumbled again on Wednesday to exchange for N900 to US$1.Two weeks earlier, it had traded at N950-N960 to $1, spreading panic in official and business circles and distress among Nigerians. Its earlier rally to N850 to $1 proved short-lived. Similarly, petrol prices had in the last three weeks risen to N590-N620 per litre before receding to N570-N600/litre last week.*

*Poverty is spreading, so is hunger, and businesses are under daunting stress. Amid vanishing revenues, depleted foreign reserves, huge debt and servicing obligations, the government is understandably, pleased with the NNPC intervention. Help is urgently required to salvage the precarious situation.*

*For many analysts and this newspaper, however, the deal raises questions. As explained by the Presidency, the loan is a cash loan against proceeds from a limited amount of future crude oil production. It insists that the risk is very low, both for the NNPC and the treasury, and comes with no encumbering sovereign guarantees.*

*All well and good; but it raises the question whether the government still regards NNPC as a ready Automated Teller Machine as Tinubu once alleged while he was an opposition figure. Some financial sector experts also suggest that such a loan should have been contracted by the Central Bank of Nigeria, the recognised monetary authority, not the NNPC.*

*Beyond this, Tinubu should not ignore the rot at the NOC, but should wield a big broom. The company is long overdue for transformational overhaul, his coziness with Mele Kyari, the Group CEO, notwithstanding.*

*There are many things to be uncovered. One is to establish the actual quantity of petrol Nigeria has been importing and for which the NNPC had been unilaterally paying itself subsidy over the years and denying the Federation Account of revenues. In 2022, it made zero remittances, claiming that the government owed it N2.8 trillion. But the Revenue Mobilisation Allocation and Fiscal Commission said the NNPC withheld N8.4 trillion from the treasury.*

*A 2016 audit report said NNPC failed to properly account for crude it lifted worth N102.6 billion. The Nigerian Extractive Industries Transparency Initiative 2020 report found that N106.9 billion subsidy payments paid by the NNPC in 2020 reflected a huge deficit in accountability.*

*In 2021, an audit firm, KPMG, indicted NNPC and other revenue generating agencies for underpaying the Federation Account the sum of N526 billion and $21 billion. Another audit by PwC in 2015 discovered that accounting and reconciliation systems for oil revenues by government agencies, including the NNPC, were moribund, inaccurate, and weak. PwC also discovered that $1.48 billion was used for unsubstantiated cost, duplicated subsidy payments and computational errors.*

*NNPC’s management of its four refineries is scandalous: perpetually making losses, producing nothing, yet, gulping billions for failed Turn Around Maintenance contracts.*

*Tinubu’s reserving the petroleum ministry portfolio to himself is ill-advised. His predecessors who did the same – Olusegun Obasanjo, and Muhammadu Buhari – left with the industry and their reputations worse off. He should instead appoint a competent, incorruptible technocrat, sweep the current management aside, initiate multiple probes and audits, and begin the radical reform of the wayward NOC.*

*Contact: theeditor@punchng.com*


*punchng.com ©️ 1971- 2023 Punch Nigeria Limited*

Hunmm!🗣Áyé nló, á ntô👀 🗣With this kind of olden days Uber* you will see different gems of wisdom from Yoruba philosophy, or prayers, or praise names of the lorry owner. Boldly printed on the wooden panel above the driver's cabin, or the lorry's body at the sides, or the boarding tail:
Owo Tutu.
Iwa Pele.
Asiko Laye!
Aye Mojuba!
Ajani Baba Mukaila.
Endurance.
Aye Mojuba!
Oba Bi Olorun Kosi!
Mo Beru Agba!
Olorun Lugo!
Jeko Yemi Oluwa.
Eni Afe Lamo.
Jeje Laye.
Alabosi Ore.
Ebenezer.
Aye Kooto.
Moba Oluwa Duro.
Ti Oluwa ni ile.
Eyi o wu a wi!
Let them say.
Enia se pele!
Jeje laiye!
Banuso!
Asela.
Telegan lo soro.
Were n'ise Oluwa!
Aaro lawa.
Ajani Baba Sikira Ibaje eniyan ko da ise Oluwa duro!
Oni lari kosi eni to mola!
Ojo gbogbo bi odun
Ti Oluwa Ni Yo Se A.Amoo
A literary genre all on its own.
God bless Yorubaland!
Teleda Lase... 🗣If you were not born during this period, you will not understand🤷👀👌kí Oluwa bá wá yí igbá páda sí réré!
*IRE AKARI...**


Copied

Liar!

We won't. Who school epp? Mtcheeeeeeeeeeeeeew

Dozie32:
See as you de mumu yourself. The condition wey your papa take die you like am?

he too wan hand am to him childrens and ground childrens

Ojoro group of companies

phemmyfour:
Why always UK...Nigerians should explore other European countries

exactly. Why UK? When Ghana, Niger, Cotonou, Mazi, Burkina Faso and co dey

E still better pass living in Aso villa where Tinubu is living

Calitoscassius:
Tifnubu should fire Anjuri first, the guy tell alot of lies.

no mind am

discusant:
Tinubu is not truly the elected president of Nigeria. He is leaving office next month.

Stop all these propaganda.

i pray so o

Who fokn cares? I dare him to fire Wike

Op don’t even think of marrying that babe, she can never be faithful to you, na everyday your blood pressure go dey rice up. Just fok the hell out of her including her anus and run away from her. Ajepako I hope I spoke well?

Islamically it is allowed

Some of dem go begin do jazz against him

Mynd44 you no go greet me for my birthday? Shey na jealousy or bad belle we go call that one or boat of them. Anyways, come ins come chop food o. Jollof rice and amala your favourite swallow with orishirishi dey o

Bicycle lanes? Business for the boys. The paints will fade out after 3 months and broken legs go plenty for orthopedic hospitals

Botragelad:
France is saying, listen, we don't have anything against your religion, but I think you should keep it at home. It's a private thing, innit? You don't need to flaunt it in public, especially not in school. School is a place for learning, not for preaching/spreading religion. France is a secularized country, meaning that it separates religion and state. That's why they banned the abbaya and other religious symbols in state schools. It's not discrimination, it's integration. They want everyone to feel equal and free, regardless of their faith.

unlike one country called Nigeria

ajepako:
Eeyah

Even on your "burnday" you still dey mess

Pele tie

Anyway God bless

Ogbanje of nairaland

dey there dey analyze English, no come inside now come chop food before Mynd44 and co go finish am

Una never see anything. All of una go suffer

Yinmu! Keep fooling the gullible

Chinjo2:
Happy birthday to you.
But wait o, are these audio food or real food?
Because I want to know if you got these food in this present day economy.

they are all real foods. Come to my office and enjoy with my colleagues. Life is for the leaving. Ajepako waiting to see you there

Things fall apart