Nigerian Expat

50 Reasons Why Nigeria Should Celebrate Her 50th Birthday

2010-11-04T13:47:00.000Z

This is the compilation of my Facebook status updates over the past 5 days.

Seven out of ten of her citizens live on less than N150 per day
otorcycles have become its major form of transportation.
Nigeria bagged the award for the highest mortality rate in the world.
Kidnap & Ransom business has expanded beyond the shores of the Niger Delta.
Almost every Nigerian has a diesel or petrol generator.
Kidnappers have been granted amnesty.
PHCN rules with the power of darkness
Nigeria is the most populous country in Africa.
IBB has returned to finish what he started.
Guiness book of records for the largest cake in the world.
It marks our freedom from colonial rule.
It is another public holiday.
Nigeria is the 2nd largest oil producer in Africa.
Stable petrol price of N65.
Our yahoo boys have gained vast international reputation.
Our house of assembly is vibrant & (physically) active.
Ribadu is back from exile.
Super Eagles participated in the last world cup.
Universities are no longer to charge for Post jamb.
The budget for independence day has been 'slashed' from N16bn to N6.6bn.
Police checkpoints have more than doubled nationwide.
Third term threat was averted.
70% of students who cannot speak good English have been screened out by NECO.
The city of Ibadan is competing with God for the title of: Same Yesterday, Today and Forever.
NTA is Africa's first television station.
Ghana's economy has benefited from the migration of Nigerian companies to Ghana.
Railway service has been efficiently replaced by tankers/trailers.
Nollywood has become world's 2nd largest film industry.
Nigeria has d 10th largest proven reserves of oil in d world.
Senator Yerima marries a 13yr old Egyptian for 100000 dollars.
Gas flaring continues thereby providing d only source of light in Nigeria visible from the sky.
Bagged water is the mainstay of potable water
George Weah was born on October 1.
Nigeria is Africa's largest importer of rice.
The refineries have been repaired and are ready to operate.
Nigerian senators are d highest paid legislators in d world. ($1.7million compared to $17400 for US senators)
Traffic Wardens now stop cars and ask for drivers licence and vehicle particulars.
Jonathan has agreed to run for president.
246336 people like Jonathan on Facebook.
The GSM networks in Nigeria are now 3G compliant.
Minimum wage has been increased from N7500 to N18000.(on paper)
The presidency is to acquire three new jets.
Dora Akunyili is the minister of information(no more importation of fake news).
Surgery can now be performed in the dark (in the absence of electricity).
You have no choice(the decision was already made for you).
The two-year ban on super eagles has been lifted.
The Roll Back Malaria initiative and mosquitoes have negotiated a truce.
There is internet connection to browse this page.
We are alive.
There is hope!

Happy Independence day!

On a serious note, I think this country needs prayers. We've grumbled enough (with little to show for it). I think it's high time we tried something else. Even if we cannot struggle for our rights, then let's pray for Nigeria. That's the least we can contribute. Once again, Happy Independence Day.

Ifeoluwapo Odedere is a young Nigerian Medical student who believes that Nigeria can change for the best if only we can stop complaining and come together take positive action.

To learn more about Ifeoluwapo, connect with him on Facebook or visit his blog page at: http://www.ifeodedere.wordpress.com

Article Source: http://EzineArticles.com/?expert=Ife_Odeder

I Chose Nigeria

2010-10-18T14:00:00.000+01:00

Every country has people who immigrate for certain periods of time for various reasons such as expat assignments, experience the country and return home but in this episode, Mo speaks to those who decided to stay. She speaks to Felicia, an American who decided to come live in Nigeria with 5 children after she divorced her African-American husband.

Automobile Brakes: Slowing Your Way To Safety

2010-10-13T09:35:00.001+01:00

Just imagine speeding down the highway in your Chevrolet Silverado. Just imagine the sun on your face and the wind on your hair. Just imagine the feeling of being one with your car and the road as well. Feels great, doesn’t it? This time, imagine trying to slow down your descent however finding out that your brakes do not work. Now that would be a great misfortune and possibly an expensive brake job.

An automobile’s brake system has been continually refined and redefined for over a century. Automobiles without brakes would not a great thing for drivers and passengers would be very much prone to accidents, collisions, and crashes. The modern automotive brakes system has now become extremely independent, dependable, indispensable, and very efficient. All these are due to the experiences of drivers and innovations of automobile experts.

The brake system of an automobile generally consists of disk brakes. They are mounted and installed in the front and rear ends of the automobile. The disk brakes, or also known as drum brakes, installed in the rear is connected by a system of tubes and hoses. These then link the brake at each wheel and connect them to the master cylinder. If a person looks more closely into an automobile’s brake system, he would be able to discover that there are other systems that are connected to this system. These other systems include the parking brakes, the power brake booster, and the anti-lock system.

If a person steps on the brake pedal what actually happens is that he is actually pushing against the plunger found in the master cylinder. By doing such action, it forces the hydraulic oil or brake fluid to go through a series of tubes and hoses to the braking unit at each wheel. The concept behind this is that hydraulic fluid, or any other kind of fluid, cannot be compressed. By pushing the fluid through the pipe, this produces the same action and reaction of like pushing a steel bar through a pipe.

However, the main difference between the hydraulic fluid and a steel bar is that the hydraulic fluid has the capacity to be directed through many twists and turns on its way to its destination while a steel bar has no capacity to do so. Upon going through its own maze, it arrives back to its original location and state so that it could be used once again. What is essential, though, is to keep the liquid free from air bubbles. If there are air bubbles in the liquid this actually slows down and reduces the vehicle’s braking system’s efficiency. If this actually happens, the entire braking system must undergo a bleeding where the air can be removed. Each wheel cylinder and caliper has “bleeder screws” that facilitate the release of any air in the fluid.

A great place to get any auto repair work carried out on your car is Dallas Auto Repair part of the larger RepairPal company. RepairPal gives you independent and unbiased repair estimates, userratings and reviews, plus advice you can't get anywhere else.

Nigeria, Are The Reforms Working?

2010-10-11T10:58:00.000+01:00

Until roughly two years ago, the breakneck speed with which Nigeria’s banking industry and capital market were growing was nothing short of spectacular. Investors, domestic and foreign, scrambled to get a share in the golden-eggs-laying goose.

Full article: http://www.africasia.com/africanbanker/afbnk.php?ID=3032

Opportunities For The Business Savvy In Nigeria

2010-09-30T10:01:00.000+01:00

However, infrastructure deficits, a lamentable security situation and inclement policies have combined to deter overseas companies from venturing into Africa's second largest economy. The installation of a democratically elected government in 1999 paved the way for radical reforms calculated to reverse this trend and boost both domestic and international investment in the country. For the business savvy though, Nigeria is a country teeming with business opportunity and potential.

According to TradeInvest Nigeria, a non-government agency that provides access to business opportunities in the country, the extent of its trade potential is unparalleled in the entire African continent. Lucrative investment opportunities exist across multiple sectors, including healthcare, tourism and leisure, agricultural and agro-processing, banking and infrastructure. The Nigerian Investment Promotion Commission Decree of 1995 allows foreign companies unrestricted ownership of businesses except in the petroleum sector, where investment is limited to production-sharing or joint-venture arrangements.

The range of prospects that Nigeria holds out for global investors is significant, especially considering the nation's long-term goals of accelerated economic development and inclusive growth.

Health Care

One of the most profitable business opportunities Nigeria offers is in the healthcare services industry. TradeInvest Nigeria especially highlights the private-sector investment potential in secondary and tertiary healthcare services involving research, capacity building, health management and information technology, all of which are currently lacking. The industry offers the added benefit of serving a social cause, which is significantly relevant in a country with deplorable human development indices. In this context, Nigeria's economic capital Lagos, a city of 17 million people, is a veritable gold mine of unexplored dimensions.

For the business savvy, Lagos is as close to a dream investment destination as any in the continent. Home to some of Nigeria's richest and strategically located on the coast, it is serviced by a large seaport and international airport that offer easy access to the entire West African region. The Lagos state government is well aware of the city's business potential and offers investors attractive trade incentives and tax exemptions. Relative political stability over the last decade and progressive policies have resulted in a boom for private enterprises in Lagos, most of which operate outside the ambit of government regulation and as part of the informal economy. Together with the fact that Nigeria is home to 148 million people, according to revised World Bank estimates for 2009, the scope for profitable foreign investment in Lagos and elsewhere across the country are immense.

Information Technology Opportunities

One of Nigeria principal infrastructure lacking is in the field of communications and information technology, which contributes in large part to its underachieved economic potential. While the poor telecommunications network is a serious bar to business expansion and proliferation for local and foreign businesses alike, it is also a high-growth sector for potential investment by global players. A case in point is VOIX Networks Limited, a Nigerian IT and communications technology products and services provider that is looking to expand with the help of overseas investors.

The company's mission of creating a more connected Nigeria has translated to a wide variety of products and services, including prepaid calling cards, wireless internet and cellular telephony. Despite the large-scale success of its operations, VOIX has managed to achieve only a fraction of its full potential in the absence of private investment to bankroll its expansion plans. Considering Nigeria's ambitious plans to generate sustainable economic growth through industry-wide development, telecommunications comprise a potential boom sector for private investment with uncharted growth potential.

Solar Power

Nigeria's most fundamental infrastructure deficit is in the field of power generation. Earlier this year, the government announced it is looking to attract $100 billion in investments for the power sector over the next five years1. Power supply is erratic and insufficient in most areas across rural and urban Nigeria, forcing businesses to operate on generators and face security concerns during frequent outages. The Lagos state government is once against at the forefront of efforts to rope in overseas investment in solar-power generation by announcing attractive terms of operation. Because of its tropical climate and equatorial location, Nigeria has tremendous potential not only to meet but overshoot its current electricity requirements through solar power generation.

For a country that has historically depended almost exclusively on non-renewable resources for revenue, this marks a substantial shift in attitude. Nigeria's hot climate and wide plains make it the perfect location to achieve massive solar power generation. The added benefit comes by way of employment generation for hundreds of skilled and unskilled workers required for the construction and maintenance of such power plants. There is little doubt that solar power, potentially, is Nigeria's sunshine sector.

Others

From fertilisers to agricultural equipment leasing services, steel production to catfish farming, chemical supplies to waste recycling - Nigeria holds within its borders a virtual cornucopia of investment opportunities for global players. The country's tumultuous history and record of outdated policies are slowly but certainly being overcome in the spirit of economic reforms and deregulation. There are still clear and present dangers that thwart substantial foreign investment from landing on its shores, the most prominent emerging out of militancy and terrorism in the Niger Delta region and civilian unrest elsewhere. Trade barriers, an investor-unfriendly tax regime and large-scale bureaucratic and political corruption still present massive challenges to any sustained effort for inclusive growth. Abuja's ambitious 2020 plans, initiated by former president O Obsanjo to take the nation to the top twenty world economies by that year, are contingent on acquiring massive private sector investment.

The fate of Nigeria's economic and human development goals rests primarily on its ability to create an environment that sustains foreign investment in diverse sectors. The real test of savvy, from this point of view, applies as much to the Nigerian regime as it does to the investors it desperately seeks to attract.

By Peter Osalor FCCA, CTA Partner Peter Osalor and Co Chartered Certified Accountants and President Successinyourbusiness.com

Article Source: http://EzineArticles.com/?expert=Peter_O_Osalor

Parties Seek March/April Dates For 2011 Elections

2010-09-28T14:38:00.000+01:00

Political parties backing the Independent National Electoral Commission (INEC) over the request for more time for the election went a step further yesterday, asking the commission to consider shifting the January 2011 poll to March/April 2011.

Full article: http://allafrica.com/stories/201009220569.html

ExPat Tax Tips - The Death Of Foreign Earned Income Exclusions?

2010-09-20T12:57:00.002+01:00

This article is from 2009 but will give any US readers an interesting read. On the other hand this may well have happened by now.

President Obama is tagging your Foreign Earned Income Exemption to help pay for huge federal budget deficits. He thinks to hide this motive behind recent White House announcements about U.S. companies, providing smokescreens such as: "I want to see our companies remain the most competitive in the world," and "...the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens."

The reality is that with tax gaps estimated in the $400 billion range, this administration is hard-pressed to come up with new sources of revenues to fill the deficit. It is estimated that offshore tax abuses cause the United States to lose approximately $100 billion each year in tax revenues. Recovering these funds represent a substantial portion of the annual U.S. tax gap, which is why President Obama has authorized an additional $128 million for the 2010 IRS budget, which includes the addition of 800 new IRS agents. Do not be fooled, they have declared war on YOU and are coming after YOUR money.

First, they are going after the companies you work for because they see companies operating abroad as a viable source of additional revenues. Currently, companies with overseas operations pay U.S. taxes only if they bring the profits back to the United States. They can defer paying U.S. taxes indefinitely if they keep the profits offshore. Obama's plan, which would take effect in 2011, cracks down on these loopholes so that companies would no longer be able to write off domestic expenses for generating profits abroad. It is estimated that this change alone would generate $210 billion in new taxes over the next 10 years, making a modest dent in the forecasted $1.8 trillion federal deficit. Rest assured, this administration will encourage any possible avenue to be able to bring these monies back into the U.S.

And, they are coming after YOU. The recently released IRS report on the 2006 tax year indicates that the Foreign Earned Income Exclusion might be another modest source for helping to fill the tax gap. In tax year 2006, about U.S. taxpayers living abroad reported approximately $36.7 billion in foreign-earned income and claimed nearly $18.4 billion in income exclusions. And that was three years ago. There are more Americans living and working abroad now than ever. Can't you just see the wheels turning in the minds of our government leaders? Removing the Foreign Earned Income Exclusion could add billions to U.S. tax coffers.

Perhaps you think they won't find YOU. The historic legal struggle that has cracked Switzerland's renowned reputation for banking secrecy is part of an on-going IRS quest to identify nearly 52,000 suspect offshore bank accounts. When the IRS increases their workforce by 800 new agents, they won't be hiring new college recruits. They have announced that they will be hiring the fancy attorneys and investment advisors that have helped hide those assets offshore. Now, multiply the number of suspected offshore accounts by the $10,000 or possibly $20,000 in allowable fines for non-reporting, and you come up with another modest number toward the filling of the U.S. tax gap. If you have been one of those 'tax evaders' thinking they can hide assets in offshore bank accounts, think again. The IRS is already searching for you, cracking the international bank privacy policies and gearing up to hire professionals to find you.

All of these items add up to making the American Expatriate look like a great big piggy bank to the current administration. While there will likely be a huge fight in Congress regarding closing the corporate loopholes, it is even more likely that the tax benefits associated with your Foreign Earned Income Exclusion will be taken from you. Fines for unreported bank accounts will soon become automatic bills. This means that for you, the individual American Expatriate, the stakes are high and getting higher if you seek to hide your income off-shore or evade paying U.S. taxes on that income.

What action do you need to take as an expatriate? Stay abreast of the latest information that develops about the foreign earned income exclusion. The best way to accomplish this is to work with a reputable advisor who will focus on keeping you out of the scrutiny of the IRS by keeping your activities well above board and within the law. Your advisor must be well-versed in the nuances of expatriate tax law, so check with your advisor about his/her expertise in this arena and be ensure you've chosen your advisor wisely.

Copyright (c) 2009 Nick Hodges

Nick Hodges, President of NCH Wealth Advisors, provides US expatriates with the best tools, strategies and planning techniques to help expats manage their tax and financial goals and dreams on a day-to-day basis regardless of their location. To claim your free gift, ExPat Life Portfolio Kit, visit his site at
=======> ExPatCFO.com

Article Source: http://EzineArticles.com/?expert=Nick_Hodges

Ways Of Supervising Your Building Projects In Nigeria

2010-09-16T13:41:00.000+01:00

To get a building constructed can be very easy if you follow these steps I will be explaining to you. Before you begin at all or planning to do anything is better you know what is involved on that thing, and in your plan know how much you are going to spend,and you need to know the numbers of people you'll be using so that you don't end up paying people on your site that didn't work for the day.

There are stages in building constructions that you must follow and requirements of labor varies but have it in your mind that anybody you bring to your site, work or not, they will have to be paid. And in case your first plan doesn't work you can try another one.

A lot of books are out there advertising new innovations on building, you may be surprised to find out that what you need right now are right in those papers , and you have more opportunities of alternatives.

The reputation of your professional or contractor; how honest is he and which of his past jobs can he point to? who can stand for him, or recommend him to carry out your job. Make sure this person is actually qualified for the job.

Whatever you estimate, our economy is besiege by unending inflation, you will always be expected to spend more at the end of the day, so earmark 20% of the estimate for your building for exigencies, though make sure you don't stretch your budget to the limit, or what is the essence of a shelter if you don't have money to provide food for you and your family?

It is important you approve your building plan because of future occurrences, the government can decide to turn your building to a road, what will you use to fight back or at least be paid compensation for your property. If you are a businessman with an approved plan you can turn your property as a collateral to obtain loan from the bank to help your business.

You and your contractor must have written agreement on a specific task he is to
perform and also documents amount you pay him and always let him sign under to confirm amount of money you have paid to him, if you fail to do this, the probability is very high that you'll quarrel over money with your contractor as the job progresses. I have seen several cases of this. If you feel what he's charging is a bit on the high side is better you price lower and find out how your building will reflect the amount of money you are paying. Though the cheapest price is not always the best and the cheapest at the long run may end up being the costliest.

The safety of your workers on site is very important to avoid disaster let your contractor stipulates his health measures for his workers especially in a large building.

When you are not sure of a step you are about to take, please don't hesitate to ask the professionals before you embark on it, it may ruin your plans when you don't seek advice, and local contractors and professionals can be of immense benefits also when you need them at short notice. Remember you are employing and creating a job by giving out your project to be managed by a professional who may actually be your friend, but in this case this is business and should be treated as such.

When purchasing materials, always go for the best quality and don't hesitate to ask for discounts, you will be shocked by the amount of money that will be returned to you.
When your contractor is offering you a deal that is too sweet to your hearing and too generous to your purse then you may be heading for disaster. Building work is not always as smooth sailing as some people will make you believe.

You can also save cost unknowingly when you build the biggest possible size you can afford as it will cost less if done at the initial stage rather than as extension later on especially when you are sure of your capabilities.

There is no need for being unnecessarily apprehensive to get your building completed very fast, be patient to watch out for favorable weather when building and also give room for waste management, so that you don't end up having no space for your septic, refuse and other wastes. Whatever kind of material you are purchasing make sure they will be ready when you need them and always make sure of the presence of services on the site before you purchase them.

Where you keep your materials is also important, are they safe? Using an artisan (bricklayer, carpenter, welder etc) to do the job of a professional like Architect, Structural Engineer etc. is not advisable on your site make sure everyone is qualified for the job at hand and don't allow any contractor to decide for you because you are the boss and pay only when the job is satisfactory however, don't cut corners because it will cost you more later.

You can get the best quality of materials in Nigeria, you may not need to go abroad for this, don't accept poor quality material or workmanship for your job.

Omion Emmanuel is an architect that has great passion for online marketing, He uses the medium to teach young Nigerians on how to effectively build,manage and supervise their building projects.

He is more at home with construction industry of his native country Nigeria.

He specialises in Residentials and Bank building design and Construction.

He is best called Nigerian online building management pro.

[http://www.buildingcontractorsecrets.com]

Article Source: http://EzineArticles.com/?expert=Emmanuel_Omion

Entrepreneurial Development In Nigeria

2010-09-15T11:40:00.000+01:00

While these statistics bide well for the country's economic prospects, they also serve to reaffirm the vital importance of entrepreneurial development in achieving that potential.

Past Entrepreneurship Developments

People of the Ibo community in Nigeria are considered one of the oldest entrepreneurs in history, their expertise stretching back to times before modern currency and trade models had developed elsewhere on the planet. In the more recent past, Nigerians adapted their natural talents to evolve traditional businesses and crafts that have sustained most of the country's rural and urban poor for the better part of the last half century. While the oil boom of the '70s brought in billions of petrodollars, most of the country's population remained untouched by the new-found prosperity, thanks to widespread political corruption and catastrophic economic mismanagement. Because of these and other factors, the World Bank estimates that 80% of oil revenues benefited just 1% of the population.

Most of Nigeria's current woes trace back to a historic overdependence on oil to the negligence of all other sectors, including customary trades and agriculture. Decades of non-inclusive policies alienated the vast majority of Nigerians, plunging the country into a miasma of extreme poverty and ravaging civil and political strife. The climate of economic stagnation spawned a mammoth informal economy that continues to sustain the bulk of Nigeria's 148 million people. It is a measure of Nigeria's inherent entrepreneurial capacity that this informal, unorganised sector presently accounts for 65% of Gross National Product and accounts for 90% of all new jobs.

All these factors have tremendous relevance for Nigeria's future prospects, even more so considering the extent of official neglect and lack of assistance and infrastructure that the country's indigenous entrepreneurs have had to overcome. Harnessing the informal economy and leveraging its full potential is a prerequisite for Nigeria to emerge from the shackles of its Third World legacy.

The Future of Entrepreneurial Development in Nigeria

It is not as if Nigeria's hopes of economic superiority rest on individual optimism and enterprise alone. Right after the reinstatement of democracy in 1999, the government of former president O Obsanjo unveiled ambitious plans to take the sub-Saharan nation to the top 20 world economies by 2020. Abuja is also a signatory to the UN Millennial Declaration of 2000 for the achievement of universal basic human rights - relating to health, education, shelter and security - in a time bound manner by 2015. Both objectives present mammoth challenges for Nigeria in terms of reversing past trends and evolving innovative strategy for sustainable and inclusive growth.

The primary focus of Obasanjo's policies centred on accelerated development through entrepreneurial education (which he made mandatory for college students of all disciplines) and the creation of conditions favourable to a new business regime built on innovation and adaptability. The federal government has since initiated successive programmes aimed at promoting enterprises through widespread use of technology and socially relevant business models. The extent of success of these and other measures, however, is still a matter of debate.

According to the 2007 Gallup poll, 69% of respondents planning new businesses had no intention of registering their operations, indicating they would still prefer to be part of the informal economy. In light of Nigeria's long-term goals, this is certainly bad news.

Obstacles to Enterprise Development

Disinterest in the formal economy reflects the status of Nigeria's policies and tax regime, which have long been deemed detrimental to the growth of viable enterprises. Even more disturbing is the fact that this continues to be the case despite the energetic reforms process initiated after the return of democracy. It is more than evident that piecemeal measures are unequal to meeting the challenges that Nigeria has set itself up to.

The following are the most important obstacles facing rapid entrepreneurial development:

Absence of a pro-active regulatory environment that encourages innovative enterprise development at the grassroots level.
Significant infrastructural deficits (especially with regards to roads and electricity) and systemic irregularities inimical to small businesses.
The presence of administrative and trade barriers that curtail capacity building and inhibit access to technical support.
Absence of regulatory mechanisms for effective oversight of enterprise development initiatives, especially those in the MSME space.
Poor access to vocational and skills-development training for rural and urban youths involved in the informal economy.
Rampant political and bureaucratic corruption, together with the absence of social consensus on important macroeconomic policy issues.

More than 73% of Nigerians featuring in the Gallup survey conceded access to finance was the single-most important hurdle in the way to setting up successful enterprises. More telling is the fact that about 60% of respondents claimed that current policies, despite the government's focus on enterprise development, do not make it easy to start a business in Nigeria.

Some Additional Factors to Consider

Forbes Magazine recently sat down with Lagos Business School's Peter Bamkole to discuss the current obstacles facing aspiring Nigerian entrepreneurs. The interview outlines three major problems:

Constrained access to local and international markets that stunt entrepreneurial expansion and proliferation.
Severe infrastructure deficits (mainly of power and electricity) that hamstring both new and existing businesses.
Inadequate access to finance and the absence of a credit policy that addresses the specific needs of enterprises.

The road to Nigeria's emergence as an economic superpower is muddy and treacherous. More than just optimism, it calls for clever economic manoeuvring that will help turn the country's fortunes around for good.

Peter Osalor is a multi-skilled director, chairman of trusts, proprietor and consultant. Peter Osalor has been a successful entrepreneur since 1992 when he formed Peter Osalor & Co and which has since grown to a very large client base with a turnover of millions. He is currently a fellow of the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in Nigeria (ICAN). Peter is also a member of the Chartered Tax Advisors and the Chartered Institute of Taxation in Nigeria (CITN).

He is a business mentor for Princess Trust in the UK. He is a member of the Inter Governmental Committee of ICAN and also a member of BCBC, which represents Black Church Membership of Christians whose responsibility is to ensure that the Christian businesses are not left out in the business opportunities arising from the 2012 Olympic Games In London.

Currently he is one of the professionals behind the Entrepreneur Revolution and Africa Entrepreneurs (http://theafricanentrepreneurs.com/). His TV program called success in your business (http://www.successinyourbusiness.com) has become a massive hit in Nigeria.

Article Source: http://EzineArticles.com/?expert=Peter_O_Osalor

The Case For Privatisation And SMEs In Nigeria And Sub-Saharan Africa

2010-09-14T13:28:00.001+01:00

In the first five years of this decade, 37 countries in Sub-Saharan Africa together raised more than $11 billion through privatisation programmes. Although the bulk of this corpus was raised in low-value transactions in competitive sectors, the figure puts the region next only to Europe and Latin America in global privatisation trends. While Africa, Ghana and Zambia were among the top contributors, Nigeria takes the undisputed lead. Africa's third largest economy contributed more than 70% of the $975 million generated between 2004 and 2005, most of it through a single deal involving the disinvestment of a major port operation.

Across Africa, privatisation had become the guiding principle for countries trying to develop dynamic private sectors and expand their economies. Yet, countries continue to face tough challenges in terms of disappointing social indicators, deficient infrastructure and huge productivity shortfalls. Essentially, the continent's integration into the global economy had been held back by extreme poverty, especially in the Western regions where it continues to vitiate attempts at sustainable development.

Nigeria has managed to lead the pack in aggressive privatisation in Africa based on the realisation that it is the only relevant and economically viable means towards rapid and inclusive growth. Since the return of civilian rule at the end of the last century, Nigeria has also prioritised poverty alleviation based on sound macroeconomic policy interventions. The thrust of its endeavour has been on curbing state expenditure and involvement in direct economic production, mobilisation of resources and promotion of local and foreign investment. However, given its overwhelming dependence on oil exports and the gross mismanagement that marked successive decades of military rule, Nigeria faces a dizzyingly uphill climb.

While its intention for economic reform has never been in question, Nigeria's track record in handling privatisation deals has been rather chequered. The broad parameters of its initiative drew on past successes elsewhere in the world, from the UK to Russia, and from Europe to the USA and Asia. Nigeria's formal introduction with the concept came about with the Privatisation and Commercialisation Decree of 1988, an initiative mandated by the IMF-funded Structural Adjustment Programme. In 1999, the Bureau of Public Enterprise (BSE) was set up by federal government enactment to prepare and implement the government's privatisation policies. Embarrassingly, a number of the first privatisation deals ended in fiasco.

The government of former president Obasanjo sold off two refineries to a private consortium, but the sale was later overturned by the administration of Late President UM Yar'Adua over allegations of wrongdoing. Subsequent efforts to privatise refineries have had to be stalled because of policy loopholes. Disinvestment of the Nigerian public sector telecom monopoly NITEL ended in disaster when the company suffered huge losses and failed debt obligations, forcing the government to retake control earlier this year. The now defunct national carrier, Nigerian Airways, likewise failed to take off despite several attempts at commercialisation. Besides indicating ineptitude in policy and implementation, these instances, more importantly, serve to highlight the extensive failure of big business in Nigeria.

In the US, small firms with less then 500 employees account for 99.9% of the country's 24 million business. SMEs in the European Union together provide 65 million jobs or two-thirds of all employment, while 90% of all Latin American businesses are micro-enterprises. Nearer home in Kenya, 2003 figures reveal SMEs contributed 18% of national GDP. Considering global trends in the last several decades, the arguments in favour of SMEs over large enterprises are simply overwhelming. Rapid enterprise development in an atmosphere conducive to private sector growth is the only way Nigeria can hope to achieve it MDG commitments or its indigenous Vision 2020 goals.

The benefits arising out of privatisation are too crucial for Nigeria to ignore in the context of its long-term growth plans:

Depending on prudent implementation, privatisation can help strengthen capital markets by widening local ownership through reservation of shares for citizens.

Many governments have successfully reduced national debt by raising money through disinvestment and related instruments, curbing the need for subsidies and tax concessions.

Privatisation engenders healthy competition that helps expand markets, establishes best practices and improves production and service standards.

World Bank research confirms substantial performance improvement in private enterprises with the removal of administrative constraints typical of public sector operation.

Developing countries like India and Brazil with strong commitment to free markets have succeeded in acquiring massive foreign investment by privatising public sector monopolies.

Foreign direct investment in Africa jumped from less than $1 billion in 1995 to $6.3 billion in 2000. Although this makes for a healthy increase, the flow of investment into Nigeria and the rest of sub-Saharan Africa remains curtailed because of local restrictions. The region lacks competitive markets and consistent regulatory frameworks that provide the right atmosphere for privatisation. Considering its past experiences, it is imperative that Nigeria formulate effective public sector reforms before pushing ahead with any further sale of public assets. Moreover, such measure must be undertaken as part of a larger effort at promoting economic efficiency.

The privatisation of utilities and large public-sector infrastructure tends to throw up even harder challenges. Nigerian lawmakers must be particularly concerned about strengthening institutional mechanisms that regulate market operations. This entails reinforcement of administrative and legal systems, capacity building of implementation agencies and reduction of corruption and political interference. The failed disinvestment of Nigeria's flagship RORO Port in Lagos is a case in point when it comes to demonstrating the pitfalls in the privatisation process in this corner of the world.

The three separate facilities at the Lagos port that handle an estimated 180,000 tonnes of annual cargo was under private operation for a number of years. The owners showed huge salary expenditure to explain dismal profits averaging just over $40,000 annually, forcing the Nigerian Port Authority to resume control. Within a year and without any further investment, profits had jumped back up to over $1 billion.

Although shocking, such incidents suggesting massive corruption have regularly punctuated Nigeria's economic recovery. Some estimates go so far as to say that 70 Kobo of every Naira the federal government spends is absorbed by the very bureaucracy that it meant to deliver it. Whatever the direction of its privatisation policies, governance in Nigeria is as much in need of radical reforms as its economy!

Peter Osalor is a multi-skilled director, chairman of trusts, proprietor and consultant. Peter Osalor has been a successful entrepreneur since 1992 when he formed Peter Osalor & Co and which has since grown to a very large client base with a turnover of millions. He is currently a fellow of the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in Nigeria (ICAN). Peter is also a member of the Chartered Tax Advisors and the Chartered Institute of Taxation in Nigeria (CITN).

He is a business mentor for Princess Trust in the UK. He is a member of the Inter Governmental Committee of ICAN and also a member of BCBC, which represents Black Church Membership of Christians whose responsibility is to ensure that the Christian businesses are not left out in the business opportunities arising from the 2012 Olympic Games In London.

Currently he is one of the professionals behind the Entrepreneur Revolution and Africa Entrepreneurs (http://theafricanentrepreneurs.com/). His T V program called success in your business (http://www.successinyourbusiness.com) has become a massive hit in Nigeria

Article Source: http://EzineArticles.com/?expert=Peter_O_Osalor

Ordinary Life Insurance Policy Is Not Enough For Expats

2010-09-10T10:18:00.000+01:00

Life or death is not a question of choice in fact how sooner or later it happens is the question of destiny. No one can predict when death will strike, that is why securing your future even at the time of death is of prime importance for the sake of your family members and your loved ones. Purchasing a life insurance doesn't mean just a good thought on investment or doing a favor to the financial market but it is one of the best ways of assuring your freedom even during unforeseen times. If you are an expat or planning on becoming one the necessity for procuring an expat insurance equals to the quest for the Holy Grail.

Availing a life insurance policy protects your future and frees you from financial liability you're your outstanding debts- mortgage, credit cards balances and other loans. Some plans also cover the part or whole of medication expenses incurred during your treatment from serious ailments or before the death. With a life insurance plan in hand, your family and children will not bear the brunt of unpaid taxes for your estates or properties and other settlement costs. All these sounds good! How about being away from your country and you meet the most unthinkable--death, untimely? A thought that run chills down your spine. Are you prepared for that? If not, then it is the right time to know where you fit.

In general, there are three types of personal life insurance namely- the Term Insurance, the Whole Life and the Universal Life depending upon the term of payment, benefits or features and the duration of policy. Taking an expat insurance is the best option for an expatriate before moving on to another country. The terms and conditions of your ordinary life insurance policy may invalidate the cover once you become an expat. Life insurance for international travel are formulated on the basis of the country you live in and the secondly the nationality you belong.

Insurance companies take into account various criteria like mortality and morbidity of the country in question. Then accordingly, they calculate your liability based on - place where you live, the work you do, your age and medical history. These factors allow them to come up with possible time of death and chances of contracting disease or other critical illnesses specific to the region of your migration. The morbidity and mortality while you are within your country is apprehensible however, the predictability for the same reduces when you are in a different country. And, this is the reason why most insurance companies refuse to take the risk when the insurer moves out the country unless you have an expat health insurance or an expat life insurance.

So, don't sit back on your ordinary insurance if you are planning on becoming an expatriate. overseas life insurance is the life-saver in foreseen times and place, secure your life with an expatriate insurance. Remember, Time and tide waits for no man, so why wait and put your life at greater risk.

Consult a professional qualified financial advisor for the most suitable coverage for you. Expat Global Medical is a leading expatriate insurance provider which specializes in delivering quality expat life insurance coverage at competitive prices and with great benefits.

Expat Global Medical is a leading expat health insurance providing health insurance to travelers around the world. We offer all kind of expat insurance services like overseas life insurance, expatriate medical insurance and much more.

Article Source: http://EzineArticles.com/?expert=John_Michel_Cane

Battling To Preserve Nigeria's Rainforest

2010-09-06T15:11:00.000+01:00

According to the World Resources Institute, Nigeria is home to 4,715 different types of plant species, and over 550 species of breeding birds and mammals, making it one of the most ecologically vibrant places of the planet.

But Africa's most populous country also has an appalling deforestation record, one of the fastest in the world.

Full Article: Battling to preserve Nigeria's rainforest - CNN.com

Report Sees Demographic Disaster In Nigeria Unless It Creates Jobs For Young People

2010-09-06T14:59:00.001+01:00

A report, “Next Generation Nigeria - ‘Dividend or Disaster’”, commissioned by the British Council says Nigeria could reap an enormous economic dividend in the next 20 years if it creates opportunities for its young people – but faces a demographic disaster if it fails.

Full story: http://www.businessdayonline.com

Africa Look To Nigeria For Leadership

2010-08-20T15:30:00.000+01:00

Mr. Sharaf Nageeb, the out-going Egyptian ambassador to Nigeria, recently spoke extensively with journalists on his experience, achievements and challenges during his tenre in the country. Daily Trust brings you some of the highlights. What have been your achievements during your three-year stay in Nigeria?

Full article: ‘Africa look to Nigeria for leadership’

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2010-08-03T14:27:00.002+01:00

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Nigeria Relapsing Into A One-Party State?

2010-07-26T14:41:00.000+01:00

The recent development in Nigeria where elected leaders or representatives of the people cross over to another party, with the people's mandate, is both alarming and unhealthy. Most of the political leaders - Governors, Ministers, members of the House of Representatives and the Senate, local government chairmen, councillors, etc were voted based on their party manifestos. Defecting with their votes to other parties therefore, should be seen as a rape of their mandate.

The beauty of democracy is in checks and balances which is provided by the opposition parties. Where there are no checks and balances, there is the tendency for the ruling party to become dictatorial. And when there is dictatorship the people suffer unjustly. This is what PDP is driving the country into - becoming a one-party state, where there would be no one to oppose her.

Our politicians are indirectly telling us through their conduct that either they do not understand their party manifestos or they lack integrity. Whichever the case, they cannot be trusted with the people's mandate since they are not honest enough to protect the people's votes.

They have also shown that they are in politics simply for their selfish gains and not because they want to represent us. They only see politics as business and so they jump to any political party that offers the best bargain. The last gubernatorial election in Anambra state exposed some of these avaricious politicians; notable amongst them was this particular woman who contested on the platform of one of the parties she thought could easily secure the people's mandate for her. As soon as it was announced that Peter Obi had won the election, the next week she ran back to the Peoples' Democratic Party (PDP).

Politics in our country has become exploitative: people now use the smaller parties to secure a mandate and then run to PDP where they think they stand the chance to personally gain more. They use the people's mandate to negotiate for their Ambassadorial, ministerial and other appointments. If we allow this ugly trend to continue in our national polity, sooner or later our nascent democracy would be destroyed by these selfish, dishonest, shameless and greedy politicians.

Recently the former governor of Abia state, Mr. Orji Uzor Kalu went back to PDP (after ruling under the platform of PPA). He was accepted at the national level, but the state refused to accept him back because they understood he was coming back for selfish reasons. If other states would emulate Abia state, the political harlotry in our nation would be checked.

The declaration by the national house of assembly that everyone has the right to cross over to another party irrespective of whether he is carrying the mandate of the people on another political party platform is not helping matters. The house of assembly should realize that this declaration is moving the country in the wrong direction where our national political boat would soon capsize. They are elected to make laws that would suit the nation and not their political party. The country belongs to all Nigerians and not to PDP alone; they should therefore make laws that posterity would applaud and not condemn. Everyone should stand up to condemn this development that is threatening to destroy our nascent democracy and take us back to the military era.

Joseph Ezie Efoghor is a professional nurse with years of practical experience. He writes on variety of topics which you may find beneficial to you. For more on his write-ups visit http://politicalfield.blogspot.com.

Article Source: http://EzineArticles.com/?expert=Joseph_Ezie_Efoghor

Nigeria And Switzerland Negotiate Immigration Pact

2010-07-19T12:50:00.000+01:00

Nigeria and Switzerland have taken further steps to review the existing immigration ties between both countries to address issues of illegal migrants, repatration procedures and investment inflow.

Full Story:THISDAY ONLINE / Nigeria news / African views on global news

Wrapped Up: World Cup 2010 | 5: The Final

2010-07-13T12:57:00.000+01:00

Football Federation Leader Fired After President Suspends Team Over World Cup

2010-07-05T15:21:00.000+01:00

The Nigerian Football Federation fired its two leaders Sunday, trying to appease the West African nation's president.

In a statement, the federation's executive committee said it fired president Sani Lulu and vice president Amanze Ugbulam, as well as a member of the federation's technical committee. The statement said the committee wanted apologize to all Nigerians over the team's lackluster performance at the World Cup

That performance prompted Nigeria President Goodluck Jonathan to suspend the national team from international competition for two years.

Full article: http://allafrica.com/stories/201007050590.html

Nigeria's Brain Gain - CNN Video

2010-06-30T15:23:00.000+01:00

Nigerian expats repatriating to take advantage of opportunities in Nigeria and Africa's growth despite global economic downturn.

The CO2 Reducing Vacheval

2010-06-29T11:24:00.002+01:00

‘Nigeria’s Private Sector Is Arguably One Of The Most Enterprising In The World’

2010-06-28T12:14:00.000+01:00

While the lack of infrastructure has been fingered as the bane of organisational growth and development in Nigeria, the Managing Director of Lekki Concession Company Ltd., Mr. Opuiyo Oforiokuma, says the Private Public Partnership scheme will help address the problem.

Full story: The Punch:: ‘Nigeria’s private sector is arguably one of the most enterprising in the world’

Stress And The Expat - Handling Culture Shock And Cultural Adjustment Of Living Overseas

2010-06-24T16:55:00.001+01:00

Have you been posted abroad by your organization or company? Or maybe you have decided to follow a dream or work for a cause outside your homeland?

Whether you're living and working overseas by choice or by assignment, you will at times experience some form of stress from culture shock or adjustment to the new culture.

Cycles of stress can start with the process of packing and shipping household belongings as you begin to leave the familiar behind.

When arriving at your overseas destination you may experience stress when you find yourself surrounded by unfamiliar sights, sounds, smells, new ways of thinking, and new rules of the foreign land.

Culture

There will be stress to some degree when coping with a new culture: a new language which you may or may not be able to read, write, or even speak; new foods with unfamiliar flavours and textures or from unfamiliar food sources; new styles of relating, working, and playing; the relative welcome or exclusion of foreigners by the local residents; new and different social rules, laws and taboos.

Environment

The environment of the new country brings its own potential sources of stress caused by the possible differences from home: temperature; weather and climate; relative reliability of services such as electricity, water, telephone, internet connection, garbage pickup; relative safety of the new location; the degree of cleanliness of air, water, streets public sanitation. Also the degree of poverty or affluence of the local population, compared with foreign residents; the quality and availability of health care; the degree or lack of "the rule of law"; the degree of public order whether things work or not in the new location; differences in religion and religious practices; the volume, amount and types of sounds in the new locale-music, public announcements, automobiles, and animals; and the attitudes towards time in the new country can be sources of stress.

Signs of Stress

If you are already living overseas, you may be saying to yourself, "I'm doing all right. I'm handling life in this new place. I don't have any culture shock."

This may be true, but keep in mind there is no signpost clearly showing, "THIS is culture shock." These stresses can build up over time and can have a range of negative emotional, physical, and mental effects.

Emotional Effects of Stress

tress can reveal itself emotionally in increased mood swings; annoyance or irritability; feelings of anger or loss of temper; feeling of overwhelm, "too much is happening" or "I don't know what to do first"; feeling of emotional flatness, a lack of enjoyment of things you used to enjoy; desire to be alone or feeling of resistance to going out in public or meeting new people. Also feelings of powerlessness, pointlessness, or irrelevance of your life or work overseas; loss of confidence; feelings of aloneness, loneliness, or isolation from friends and family; and of feeling left behind by life, circumstances, and events in your home country; feeling anxious or worrying about your future; feelings of frustration, often from trying to accomplish things you could easily do in your home country.

Habits and Behaviours

Stress may cause or increase changes in habits: increased use of alcohol, tobacco, caffeine, recreational or prescription drugs; increase in potentially dangerous behaviours such as risk taking; and decreased care for self, family or friends.

Physical Effects of Stress

The stresses of intercultural adjustment can also take a physical toll on your body, with possible effects as increased tiredness; sleep disruptions, such as difficulty falling or staying asleep, or feeling unrested or fatigued upon awakening; increased blood pressure; weight loss or gain; loss of appetite; increased physical nervousness; or worsening of a range of other health conditions.

Relationships and Social Effects of Stress

The stresses of living in a new land can negatively affect your relationships and your social life through the tendency to withdraw from other people, groups, or social events and through feelings of increasing distance or of being disconnected from friends, family, or coworkers.

Mental Effects of Stress

The stress of living in an overseas environment can have negative mental effects such as shortened attention span; increased difficulty with concentration or mental focus; increased forgetfulness; and difficulty making decisions.

Manage Your Stress

Now what can be done to help you handle the stress of culture shock and cultural adjustment that comes from living in a foreign country?

Gaining a sense of control of your emotions, your physical health and your life in general can make it easier to handle these stresses.

Anything that increases this sense of being in control of your own life circumstances can play a major role in handling the stresses of culture shock and cultural adjustment. Approaches helping minimise anxiety and fear and maintaining calm while encouraging physical health will be quite beneficial.

An individual living overseas may not be in absolute control of their immediate environment, the job and the manager, the surroundings, or the local culture. Although this may be true, adjusting your own response to stress is a powerful tool helping you maintain good health and balance in sometimes challenging circumstances.

Mental Skills for Stress Management

Develop an Optimistic Attitude

How often have you been given the advice to be optimistic? However, the very practical challenge can be: How do I do this?

Dr. Martin Seligman wrote in the 1990's about the structure of "learned optimism". He said keeping three things in mind can help you maintain optimism when meeting challenging situations:

What is happening is not personal. When things don't go your way, remember, "It's not about me."
This issue is not pervasive. When something does not work out the way you want, though you may not be pleased about this one part of your life, in truth there are many other parts of your life that are working very well. Often the vast majority of your life is going fine! "It's not about everything in my life."
This situation is not permanent. With challenges you may be facing at any particular moment, always know it will end in time. "It will not last forever." It may be helpful to ask yourself something like: "In a hundred years, who will care?"

Challenging situations arising from living or working overseas are not personal, not pervasive, and not permanent. Maintaining this perspective can help you develop a more optimistic outlook and can help you reduce stress.

I Will Find A Way

Another attitudinal tool for stress management is "I will find a way." This alone can help you through a range of challenges. Cultivate the attitude: "No matter what is happening, I will always find to way to handle it somehow." Remember, even though you may not know "how" this challenge will be met at a particular moment, staying focused on "I will find a way" can actually help you discover how to sort it out. Developing this attitude this is another way to help you handle stress.

Get Close to the Good; Get Far From the Bad

By learning to cultivate a healthy and appropriate sense of distance from people and events, you can greatly reduce your stress.

Where appropriate, cultivate a healthy sense of detachment from the people and events you perceive as negative or challenging. This can be a good way to help reduce unwanted reactions of anger, frustration, irritation, overwhelm, resentment, hurt, sadness, etc. By developing this feeling of distance, you can more easily put things into perspective: "Don't sweat the small stuff."

Of course, this does not mean becoming detached from the people you really care about, family and friends. Developing greater feelings of closeness to the really important people in your life can also greatly help to reduce stress and increase your enjoyment of life.

The aim is not the absence of the emotional reaction. Instead, it is to feel more in control of your emotional reactions to the people, events, and environment around you, and by doing so, feeling more in control of your life in general.

Stress Reduction Habits and Routines

The following suggestions can help maintain good physical health and manage stress.

Keeping well hydrated throughout each day is important. Ensure adequate intake of water every day. Tea, coffee, soft drinks, etc. do not count toward your daily water intake.
Moderate the use of tobacco, caffeine, and alcohol.
Take action to ensure you get enough high-quality sleep: sleep deeply each night and awake feeling refreshed and revitalised.
Get regular, moderate exercise such as walking, swimming, or bicycling.
As much as possible, cultivate regular habits and routines.
Take regular breaks throughout the day, week, month, and year to recreate, relax, and rejuvenate. These can range from a few minutes in length to regular days off or regular vacations from the usual routine.
Cultivating a network of friends locally, as well as keeping in touch with friends and family in your home country can also help you enjoy life more and manage stress better.

Get Support When You Need It

If all of this makes sense to you, but you have not been able to make important changes in your life, then look for ways you can get help or support in person, by telephone or on the internet from a medical doctor, counselor, therapist, pastoral counselor or support group.

Hypnosis Works

Finally, consider utilizing coaching or hypnosis to help when it is time for a change. Hypnosis is currently being used worldwide for anxiety, fears, sleep problems, stress reduction, stop smoking and other negative habits, and many other applications.

Lance Castille is a consultant, coach and hypnotist. He has lived and worked abroad since the late 1980s and has advised and worked with organisations and individuals from a wide range of backgrounds, professions and nationalities. Currently he is the director of Phnom Penh Hypnosis, the first professional hypnosis service in Phnom Penh, Cambodia. For more information on hypnosis for stopping smoking, handling stress, cultural adjustment, or other issues contact Mr. Castille at http://www.PhnomPenh-Hypnosis.com

© 2009 Lance Castille - All Rights Reserved Worldwide.

Article Source: http://EzineArticles.com/?expert=Lance_Castille

Far From U.S. Gulf, Nigerian Thieves Mop Up Oil Spills

2010-06-21T15:09:00.000+01:00

Nigeria (Reuters) - Using two large yellow tubes to funnel polluted water into his small wooden boat, Nigerian teenager Daniel Muukor helps to "mop up" the latest oil spill in the creeks of the Niger Delta.

Full story: http://www.reuters.com/article/idUSTRE65E1NB20100615

Nigerian Crude Oil - Grades Of Nigerian Petroleum

2010-06-16T10:37:00.000+01:00

The crude oil of Nigeria is divided into two classes. They are sweet and light petroleum. It is mostly low in sulphur. Under OPEC, Nigeria is the biggest manufacturer of light crude oil. The light oil of this West African nation is alike in composition to the petroleum drilled from the North Sea. It is usually referred to as bonny light. You can find other grades of Nigerian black gold like Brass River, Qua Iboe, Escravos blend, Pennington Anfan etc. It is identified based on their export depot.

The biggest country that imports Nigerian petroleum is the mighty United State of America. Out of the 100% of oil which the US imports yearly, Nigeria supplies about 10% of the whole US oil imports. This makes up 40% of Nigeria oil exports. It is the fifth biggest market of oil imports for the great United States of America.

You can find up to 6 petroleum export depots in Nigeria. They are mainly owned by multinational oil companies. The major oil companies in Nigeria are Chevron, Shell, Mobil, Texaco, Agip etc. BP is yet to discover the potentials of Nigeria's crude oil. It is believed that shell has two oil terminals while the remaining four is owned by Chevron, Mobil and Texaco respectively. The forcados depot is owned by Shell. It has the capacity of amassing about 13 million barrels as well as the close by Bonny depot. Mobil controls the Qua Iboe depot located in Awka Ibom state Nigeria. Chevron operates the Escravos terminal situated at Delta State. It is capable of storing up to 36 million barrels. Agip runs the brass depot located in Rivers state. It has a storage capacity of up to 3 million barrels. Finally, Texaco runs the Pennington depot. Its storage capacity is not known.

Modo Oil is a crude oil intermediary company. It has access to genuine crude oil sellers in Nigeria. If you want to buy Nigerian crude oil through a genuine seller, you should try Modo Oil. Check it out at http://crude-oil-sellers.com/

Article Source: http://EzineArticles.com/?expert=Osite_Modozie