₦airaland Forum

na only dey comment for this ya post?
if u make $900 every month, u no need come dey bombard naira land with your comments.
One don't need a prophet to tell that this your advert reeks of SCAM

Hello Nairalanders, this is my first gospel single track. Please listen, download and show me love.

Mods please help me push to front page.


The long awaited audio is finally here. The sensational gospel singer, Emmy Christman lives up to expectation as he thrills us with this amazing praise worship song titled “Sacrifice Of Praise”.

With no further ado, I present you Emmy Christman (Sacrifice Of Praise Crooner) & the production accolades goes to the genius "Ben Paul".

Kindly Listen & Download "Sacrifice Of Praise" By "Emmy Christman".


Download link:

https://soundreloaded.net/music/promoted/pr-music-emmy-christman-sacrifice-of-praise

Nativepriest:
what makes you feel your 75 year old mother is mentally ok?

hahahaha, this is too harsh.

The Atiku Abubakar’s NNPC privatization: What you need to know

Ahmed Adamu, PhD

Alhaji Atiku Abubakar made a proclamation that he will privatize NNPC if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatization and its effects, so that people will have a better understanding of the intent and the expected outcome of the privatization.

Allowing individuals to acquire shares in the NNPC with government retaining some of the shares will mean more funding into the corporation to carry out its commercial activities relating to the petroleum industry. The money to be generated as a result of the initial public offering of the NNPC will be used to build roads, railways, public houses and hospitals and to fix electricity problem in Nigeria. With individuals putting their money in the NNPC, wastages and corruptions will be reduced, and employment into the NNPC will not be based on nepotism, but based on necessity and competence.

Nigeria will not lose control of the oil and gas wells and reserves for privatizing NNPC; all natural resources will still belong to the federation, and the government decides how to equitably allocate ownership of resources and distribute proceeds from the common resources across the states and local governments. With individual Nigerians becoming shareholders in the NNPC, wealth will be redistributed among Nigerians, thereby reducing poverty. Foreign shareholders will bring foreign capitals into the country, thereby boosting our foreign reserves, improving Nigerian economic strength and strengthening the Naira. As we speak today, Foreign Direct Investment (FDI) in Nigeria has reduced by over 60% in the last two years. Now, Ghana has overtaken Nigeria on FDI scale. If NNPC is privatized, government will then have more revenue from taxing the NNPC for more infrastructural development.

Instead of leaving the NNPC in the hands of mafia, let it be listed so that Nigerians will benefit more. NNPC barely generates N2 trillion in a year, but if it is privatized, it can generate up to N13 trillion in a year, because of the resultant minimization of costs, leakages and wastages, and maximization of revenue.

The money to be generated from the equities (NNPC shares) and taxation on the earnings of the NNPC will be used to strengthen new economies in manufacturing, industrial and agricultural sector, so that we will not forever be relying on the declining oil and gas resources. Good to note that, individuals will not be taxed on their NNPC dividends, because Atiku Abubakar promised to end double taxation.

NNPC is one of the inefficient government institutions, with so much political interference, ambiguities, corruption, nepotism and low performance. It needs to be liberalized. Most government corruption originates from the activities that relate to the management of the oil and gas proceeds.

NNPC has been facing challenges in funding upstream operations and obligations, and was not able to raise its potential revenue. Not only in the upstream sector, NNPC failed to effectively manage the downstream sector, which is characterized by scarcities, inconsistent and uncompetitive fuel prices. Despite the abundance of petroleum commodities in Nigeria, the country’s largest import is from the petroleum products, which increases the supply and reduces the value of the Naira in the foreign currency market.

There have been allegations of fraudulent diversion of funds from sales of crude oil, and vague-accounted importations of petroleum products. Some people were alleged to have been paid billions of Naira by the NNPC for importation of nothing.

The NNPC has not provided sufficient refining capacity in the country, which is why greater percentage of Nigeria’s petroleum products are imported. All these happened because NNPC is wholly government owned. If it is a government property, people abuse it, and if it operates at loss or inefficiently, nobody cares, because no external interests are involved. We have seen cases where companies that lack capacities were awarded with oil blocks because they have linkages with the politicians, denying the qualified companies, which is why we have many marginal oil fields in the country. NNPC has lost its international goodwill, because of its inconsistency and political interferences, and this has caused doubt and high business risk in the Nigerian oil industry. Though an oil rich country, Nigeria is the world headquarters of poverty, which explains further the poor management of the oil resources in the country.

We have to ask ourselves these questions: “What is wrong?”, and ”What can we do?” A mere reform or removal of subsidy alone will not work. Even if the Petroleum Industry Bill (PIB) is to be passed into law, there will still be problems. For Nigerians to benefit from oil and gas resources, NNPC has to be profit-driven not politically driven, and the best way to do that is to privatize the corporation and allow individuals to buy its shares, so that the company can function like a commercial and profit-driven entity.

Government has numerous responsibilities and interests, and that’s why it cannot efficiently manage the NNPC alone. NNPC requires huge capital investment and independence to make it competitive to other international oil companies like Total, BP and Shell.

If NNPC is privatized, there will be more competition in both upstream and downstream sectors, which will bring down the prices of petroleum products. Privatization of the NNPC will enable the company to raise more capital to build brand new refineries in Nigeria, which will lead to low petrol price and relieve the Nigerian government from the exorbitant petroleum subsidy payment.

We have seen how privatization of the telecommunication sector resulted in huge investment in the sector, created more jobs, and made telephones available and affordable. This is what will happen when NNPC is privatized, petrol will be available and affordable.

As we speak today, majority of the oil and gas operation/production are carried out by private oil companies, especially Shell, Chevron, ExxonMobil and Total. NNPC produces only a small fraction of the national petroleum output because of its inefficiency, and yet spends so much on maintenance and other recurrent expenditures. NNPC owes these companies billions of dollars as outstanding Joint Ventures cash calls. This proves that private companies are more effective than public companies. Privatization of NNPC can see the Nigerian petroleum reserves and output doubled, and natural gas resources optimally harnessed.

As we claim to practice capitalism, the mainstay of the economy should be managed by the efficient private sector. The government should only be responsible for ensuring fair play and providing level playing field for investments to thrive. It is very unnecessary for Nigerian government to keep funding and managing NNPC, while funding infrastructural development and investing on new economies.

Privatization of national oil companies is a global trend and best practice. Nigeria won’t be the first to do it. Major global oil companies are privately owned; even national companies are now being privatized. BP Oil Company was owned by British government, but later, it was privatized, and it is now one of the leading global oil companies. Countries that have fully or partly privatized their national oil companies include Canada, France, Argentina etc. Even Saudi Arabia and Brazil are seriously considering privatization of their national oil companies. It is the best thing for Nigeria, as long as we want an economic paradigm shift and achieve real growth. And that is why Alhaji Atiku Abubakar will consult with experts to ensure smooth privatization of the NNPC, but the government will still retain certain shares of the NNPC. Once NNPC is privatized, it will be relieved from the bondage of the ‘mafia’.

The NNPC Asset Valuation will be done by impartial professionals, who are likely to come from diverse backgrounds and expertise, so as to arrive at the accurate market value of the assets, devoid of discounting, so that Nigerians will benefit optimally from the initial public offering. The privatization will take place in phases, and may take couple of years to be effected.

“Using a dataset of 60 public share offerings by 28 National Oil Companies, it is shown that privatization is associated with comprehensive and sustained improvements in performance and efficiency. Over the seven-year period around the initial privatization offering, return on sales increases by 3.6 percentage points, total output by 40%, and capital expenditure by 47%.” Wolf C. and Pollit M.G. (2008). Therefore, it is in the best interest of Nigeria to privatize NNPC as proposed by H.E. Atiku Abubakar. H.E. Atiku Abubakar will embark on inclusive engagement, awareness, consultations, and considerations before embarking on the NNPC privatization. Nigerians should welcome this development and support Atiku Abubakar when he comes to power to achieve this laudable intention.

Ahmed Adamu, PhD is a Petroleum Economist a
and University Lecturer. He is also the S.A. to Atiku Abubakar on Youth and Strategy

Kaymus:
na you go die! idot.

no worry, fulani herdsmen go soon kill your entire family, before december this year, mark my words
you will come back here to beg me

I am in total support of Atiku privatising NNPC.
The government has been running it for God knows how many years, what have we been able to achieve?
Isn't it a shame that at this level we still export crude oil for refining in this country?
Buhari came with his sweet mouth that he would build more refineries, 4years gone not even a block for foundation has been laid, all we hear is how his brothers keep awarding fraudulent contracts and siphoning money up and down. Even the frogged eye woman who stole money her 10th generation cant finish spending is still walking free outside the shores of the country.
NITEL was sold and we all enjoyed the benefits today, i can use a phone to place call and receive call instead going to queue on a NITEL payphone.

You just cant take away the business acumen from Atiku. That man is very versatile and knows his onions unlike Buhari who dont even know were his certificate is.
Abeg Atiku all the way jor.
If buhari mistakenly wins again, na die we dey for this country, God sef no go gree.

lol.

deepwater:
Actually not absolute.
Liquids are compressible, otherwise shock and sound waves would not exist.
Also. should liquid remain incompressible, Bermoulli would not have ASSUMED that fluid is incompressible in his bernoulli theorem in fluid dynamics.
Another principle worthy of note is the compressibility modulus....

let me stop diverting biko
who fluid dynamics epp for this election season

there is a difference between fluid and liquid
dont confuse the two.

liquid is incompressible except if it changes it state fro liquid to gas.

Naturallyme:
Don't bother to change anything. Engineering is engineering on the field. you only need to transfer the knowledge of mechanical to civil. they are related when it comes to design. in Engineering ,We have statics and dynamics. Civil is the statics. only few practice the engineering they studied in school. these days engineering has gone beyond civil mechanical and electrical

Thanks a lot, i appreciate.

Very interesting post.

I have question thoug would appreciate your help.


I have HND in mechanical engineering, but as God will have it I found myself in a civil engineering company, although this was as a result of my one year industrial training at the civil engineering firm.
Now I think I am in love with this civil engineering job, but my mechanical engineering certificate seems to be my only problem cause I have all the necessary experience.
My question now, is it possible to switch to HND civil engineering with my HND in Mechanical engineering?

Pls how legit is the website 20sureodd.com

Anybody ever transact with the guy?

I don taya for fake people

engribanga:
Hi Guys, am a regular odds trader who offers from 5-20 odds from variety of sports markets for prospective clients. I major in Basketball, Tennis, Volleyball and Ice Hockey.
Since there are lots of peps out there, i will be willing to drop daily Odds here and the selected games so you can have your choice. So i will be using bet9ja platform for my selections here so that the code can easily be used.

I wish you all a goodluck...

Oya dey drop am as e dey hot..

Following...

Diso60090:
Go and sleep broke ass nigga if you don't have the money fine we understand because you broke ass but if you have the money and you let her down 4uck you

Hahahahaja

I just fall from bed reading this your comment.

On top person money again?


Una for here no just get joy.


Hahahahaha

motta:
they havent met their match. FCB

Barca?

E go surprise u no worry.

The only club I can vouch will give city a hard time is PSG, barca na old story.

iamsirmichael1:
It has begun

3goals under 20mins.

Mancity don carry this UCL already.

Those guys ehhh...

Pls how do I rebet a game already played on Lionsbet?


cc: KingsArena

Ibrochaka:
bestfactor, is either you credit me or you delete my account from your system. I can't be begging you to fund me when I know that it is 99.99% sure that d bet am going to place will still cast!!!

No joy

iamsirmichael1:
Not tonight bro. I'm not too good.

Maybe tomorrow.

K. Thanks anyway

iamsirmichael1:
Carry your uncastable 10 odds and shove it up your ass. Only a fool would hiss at what he doesn't offer! You're a fool!

Forget dat guy jor, abeg I fit get safe 5odds for d night?

3.9odds

Game starts by 7:45pm

einsteine:
Village headmaster

Damarislopez:
can I play it

Of course u can, play it singles

Correct score

chidiezeh:
Bet9ja debited me after telling me transaction not successful when depositing...and it's not showing me query just showing me failed...what's the way out please

This has nothing to do with bet9ja, its ur bank.

Wait after 24working hours if the money is not reverersed then go to ur bank and complain.

iamsirmichael1:
3+ odds for the night.

6JHSRVD

You are good

danduchi:
Registered Username: danjenom
cc: IMOY register with #AccessBet sharply and also enjoy rewards

Kk, thanks

You can start this retail cooking gas business.

Get a good location that is a bit far from a cooking gas filling station, set up ur shop, and start selling cooking gas, u can buy dem from the company and resell to home users.