Guestlander:
Curse of the black gold. When a country relies too much on oil money. Like Nigeria, like Venezuela.

AishaBuhari:
The hunger in Venezuela is terrible, and its exactly what Buhari is planning for Nigerians

Guestlander:
Curse of the black gold. When a country relies too much on oil money. Like Nigeria, like Venezuela.

jaymichael:
This would have been Nigeria's situation if we had allowed "stealing is not corruption" to continue. We were on a dire straits times. Prudent management of very limited resources, plugging corruption loopholes and diversification efforts made us avert this crisis.

Gerrard59:


It's not oil curse. It's socialism and communism.

Yet another example why socialism cannot work.

Capitalism is bae!

AishaBuhari:
The hunger in Venezuela is terrible, and its exactly what Buhari is planning for Nigerians

Sunnah1:

Your father is the cow And your mother is the goat.

Useless9jagirls:

Arsenal vs spurs Goal goal

Sunnah1:

Your father is the cow And your mother is the goat.

Guestlander:


This current crisis is directly related to the drop in oil prices. Even advanced economies like Canada's Alberta felt it.

achi4u:
Oyibo man hardly get patients in any unbearable conditions, take Nigerians to the same country they're running away from and see us succeeding.

We're good in suffering

planetx:
Venezuelans are not oyinbo. Or at least the vast majority are not.

iamgenius:
Some Nigerians are about to pay some agents to get them Venezuelan visa right now. O ma she o

DaddyGngeess:



My broda that is very true oo, somebody called me from Lagos yesterday asking me about the visa self. What should i do now self, tell him what is happening there?

happney65:


Zoombie Spotted..Tell me did we buy Fuel at 200naira per litre all the while the opposition was in power?Fuel scarcity is currently going to its third month and you are opening your mouth and saying nonsense..States owe years in salary and yet you still blame a govt that left power almost 3years ago..The Economy is in Doldrums and yet,your buhari isnt at fault?

Let me school you a bit..Venezuala's problem is nothing but Socialism..Get that into your skull.Maybe you should go read the news well as you dont seem to know because you have been blinded by propaganda..Which other country in the world is currently experiencing what they experience except those at War?Answer me please?

Nonesense and Buhari..

Explorers:
Thousands of desperate Venezuelans are trying to enter Colombia in a bid to escape the hunger and soaring crime rate caused by the spiralling economic crisis.


Incredible pictures show the mass exodus of refugees crossing the Simon Bolivar international bridge trying to flee the political crisis threatening to engulf Venezuela.


Colombia along with its neighbour Brazil has sent extra soldiers to patrol their porous border with the country after officially taking in more than half a million migrants over the last six months of 2017.


The country is also tightening its border controls in a bid to stem the flow.


The dire economic conditions have led to lawlessness in parts of Venezuela's capital Caracas, with truck drivers subjected to 'Mad Max' violence as looters target heavy goods vehicles carrying food.





http://www.dailymail.co.uk/news/article-5374501/Mass-exodus-thousands-Venezuelans-flee-country.html
Lalasticlala, Mynd44

GuyfawkesAB:
Venezuela don cast.

Nigeria is very peculiar. We are almost in the same situation with them but we turning out better after oil prices picked up again, at least comparing both countries.

Same way we survived, albeit with pains the same economic situation that upturned Argentine economy and sent the entire country into deep recession they are still battling.

palearab:
This notting but propaganda from the Western Media's in collaboration from their governments, just beacuse the Venezuela President refuse to be a puppet and the opposition was back by Washington and Maduro knew about it then kickout the opposition from his Government and also jail some which they were release later.. Washington responded with series of sanctions and also use CIA to trigger protests...

sirley:

see, whether u like it or not
Buhari is really working

happney65:


Zoombie Spotted..Tell me did we buy Fuel at 200naira per litre all the while the opposition was in power?Fuel scarcity is currently going to its third month and you are opening your mouth and saying nonsense..States owe years in salary and yet you still blame a govt that left power almost 3years ago..The Economy is in Doldrums and yet,your buhari isnt at fault?

Let me school you a bit..Venezuala's problem is nothing but Socialism..Get that into your skull.Maybe you should go read the news well as you dont seem to know because you have been blinded by propaganda..Which other country in the world is currently experiencing what they experience except those at War?Answer me please?

Nonesense and Buhari..

Cromcruach91:
We are not as bad as Venezuela for the following reasons

1. We saved money. Venezuela's reserves are at $10bn and falling. Nigeria is at 40 billion and rising.

2.We don't import as much as they do. Venezuela imports everything including chickens, and toiletroll. Nigeria does not...even though we do rely a bit too much on importing stuff, it isn't as much as Venezuela.We make most of the toiletroll used in this country for example.

3.Venezuela subsidizes everything, ie govt sets prices for everything making it difficult for people to make a profit. I know Bubu is not a good economist, but apart from PMS, he won't tell companies like Nestle, Guinness, etc how much they must sell their products.

4. Venezuela has no import restrictions.In Nigeria, we have import restrictions, whereas Venezuela just imports everything, and sets the prices.

5.Venezuela did not implement forex restrictions. Nigeria did when oil prices crashed to $30 and below. Now, we have reserves, Venezuela nil.

6.Venezuelan oil is very expensive to extract.Mostly because most of it is offshore, and it has a high sulphur content.Nigerian oil has zero sulphur. And it is light, and is mostly produced on land.

In a way, we can commend Bubu for two moves made ...ie forex restrictions and growing the reserves. Domestic manufacturing we can thank Gowon for ...ie the National development plans.Diversification.. GEJ and even Bubu.

Explorers:
Thousands of desperate Venezuelans are trying to enter Colombia in a bid to escape the hunger and soaring crime rate caused by the spiralling economic crisis.


Incredible pictures show the mass exodus of refugees crossing the Simon Bolivar international bridge trying to flee the political crisis threatening to engulf Venezuela.


Colombia along with its neighbour Brazil has sent extra soldiers to patrol their porous border with the country after officially taking in more than half a million migrants over the last six months of 2017.


The country is also tightening its border controls in a bid to stem the flow.


The dire economic conditions have led to lawlessness in parts of Venezuela's capital Caracas, with truck drivers subjected to 'Mad Max' violence as looters target heavy goods vehicles carrying food.




I4501/Mass-exodus-thousands-Venezuelans-flee-country.html
Lalasticlala, Mynd44

Guestlander:


This current crisis is directly related to the drop in oil prices. Even advanced economies like Canada's Alberta felt it.

Gerrard59:



Yeah.... That's why we've Albertaians and Canadians alike running through across the border to the US and dying in the Atlantic in a bid to run to the EU.

Guestlander:


In your warped estimation, if Canadians are not crossing the borders in their thousands it means the fall oil prices had no effect on their economy. No be so?

Nigerians also are not heading to the borders in their thousands with their belongings on their heads, does that mean the fall in oil prices had no effect on our economy?

Must you always reach for the extreme in order to reach an illogical conclusion?

Gerrard59:


Do you agree that it's the socialist experiment by the Maduros that caused this crisis? Yes, low crude oil prices has its part, but Venezuela is not the only country that experienced low oil prices. A country that regulates what shopping malls sell and their prices? It's the South America's Zimbabwe!


Yet another reason why socialism is not workable!