₦airaland Forum

Venezuelan Ambassador to Nigeria Enrique Fernando Arrundell could not have offered his advice on Nigeria’s management of its petroleum resources at a better time. [/b]The anchor of government’s argument is that higher prices would draw foreign investors to the down stream sector of the industry.

[b]This editorial was originally published by Vanguard Newspaper on December 4th 2009.


Professor and Minister of Information Dora Akunyili had solicited Venezuelan investments for our refineries.

Mr. Arrundell’s response was without diplomatese. He launched a profound lecture on Nigeria’s oil and gas.

“In Venezuela, since 1999, we’ve never had a raise in fuel price. We only pay $1.02 to fill the tank. What I pay for with N12,000 here [in Nigeria], in Venezuela I’ll pay N400. What is happening is simple. Our President [Hugo Chavez] decided one day to control the industry, because it belongs to Venezuelans. If you don’t control the industry, your development will be in the hands of foreigners.

“You have to have your own country. The oil is your country’s. Sorry I am telling you this. I am giving you the experience of Venezuela. We have 12 refineries in the United States, 18,000 gas stations in the West Coast. All we are doing is in the hands of Venezuelans.”

“Before 1999, we had three or four foreign companies working with us. That time they were taking 80 per cent, and giving us 20. Now, we have 90 per cent, and giving them 10. But now, we have 22 countries working with us in that condition.

It is the Venezuelan condition. You know why? It is because 60 per cent of the income goes to social programmes. That’s why we have 22,000 medical doctors assisting the people in the community. The people don’t go to the hospital; doctors go to their houses. This is because the money is handled by Venezuelans. How come Nigeria that has more technical manpower than Venezuela, with 150 million people, and very intellectual people all around, not been able to get it right? The question is: If you are not handling your resources, how are you going to handle the country?

“So, it is important that Nigeria takes control of her resources. We have no illiterate people. We have over 17 new universities totally free. I graduated from the university without paying one cent, and take three meals every day, because we have the resources. We want the resources of the Nigerian people for the Nigerians. It is enough! It is enough, Minister!”

Do Nigerian authorities not know the truth? Is the answer really in deregulation?

Professor Akunyili must have been too stunned to address the issues the ambassador raised. “There has been trade between the two countries actually, but we do not have many Venezuelans setting up manufacturing outfits in Nigeria.”

I want you to use your good office to send a message across to your people that Nigeria is a goldmine for genuine investors. We want them to come invest just as other investors are doing in the telecoms sector, she said.

https://venezuelanalysis.com/analysis/4998/


Enrique Fernando Arrundell, former Venezuela Ambassador to Nigeria (picture below)

If you are not handling your resources, how are you going to handle the country?
“So, it is important that Nigeria takes control of her resources.

He was feeling cool and dishing out unsustainable free this free that socialism.
In less than two decades, everything reversed in Venezuela!

Socialism failed Venezuelans and today, the Bolivarian Government of Venezuela does not even have control of their own resources and are now under colonization with ravaging poverty.

Humpty-Dumpty fall indeed.

We deregulated our downstream and enabled fresh private capitals to flow into our oil and mining sector, today it should be Venezuela that must come to Nigeria and take lessons from us

God bless Nigeria and all Patriots who made sure that we don’t head the way of Venezuela and Ghana with the currency denomination nonsense experiment proposed by Soludo then.

All the enemies of Nigeria will lose las las. They always lose.

Strangely, US would take the oil and use the money gained for the "common good" of the people of Venezuela.

Another name for that is SOCIALISM.

Venezuela made a big mistake 'controlling its resources'

n Venezuela, since 1999, we’ve never had a raise in fuel price. We only pay $1.02 to fill the tank. What I pay for with N12,000 here [in Nigeria], in Venezuela I’ll pay N400. What is happening is simple. Our President [Hugo Chavez] decided one day to control the industry, because it belongs to Venezuelans. If you don’t control the industry, your development will be in the hands of foreigners.

“You have to have your own country. The oil is your country’s. Sorry I am telling you this. I am giving you the experience of Venezuela. We have 12 refineries in the United States, 18,000 gas stations in the West Coast. All we are doing is in the hands of Venezuelans.”

1. First, that cheap fuel led to the wreckage of their largest refinery...went from 900000 bpd to 100000 bpd.

2.Yes, they owned 12 refineries in the US, through a company that is now in trobule financially.


3.NIgeria did the same as Venezuela. NNPC originally started out as a nigerian oil company, we took control of our refineries, and then....we made the mistake of making everything that came out of the refinery 'cheap'




There is nothing wrong with a country taking over its oil companies, and petroleum sector. It's a good thing. But if taking over means that you are now going to be selling stuff at 'prices that the poor can afford'....that means that you are going to end up with a shitty oil industry...like Venezuela and even Nigeria did.

And please don't mention 'sanctions'. Rossyia and China were doing business with Venezuela all this time. The problem was that the PDVSA could not pay them the kind of money they needed to help them improve things because cheap fuel.


Again, we can take over all our industries and all, but don't then come and sell it at 'cheap prices'. Because the people who make stuff needs to be paid, in full, the people who help bring in stuff needs to be paid.

The USSR did the same thing....controlled everything for the benefit of the protelariat...and by 1979, were codedly borrowing money in large amounts from the same imperialist powers.

Usa says Venezuela should only purchase American products. If America is not worse than leviathan who is? Humanity cannot move forward if America is not sidelined. Disgusting, no respect for sanity and law. Nothing anyone will convince me in this life and the next that this devils mean well for anyone. All this is connected to the Epstien files. Their atrocities are so massive they rather invade a country to distract people. Bunch of pedophiles

President Trump, please come and help us in Nigeria before Tilimbu finish the country patapata.

Gas flaring here is worse

zinaunreal:
Usa says Venezuela should only purchase American products. If America is not worse than leviathan who is? Humanity cannot move forward if America is not sidelined. Disgusting, no repeat for sanity and law. Nothing anyone will convince me in this life and the next that this devils mean we'll for anyone

+
Its so cringe-worthy. Cry-worthy.
A huge shame to the world.

Jacoban20:
President Trump, please come and help us in Nigeria before Tilimbu finish the country patapata.

Gas flaring here is worse

My friend close that your mouth

Rubbish.

It’s only a matter of time.

Nigeria will be recolonised by the West again.. because they can, and there’s nothing you can do about it.
People love to ask why African countries fail after colonialists leave. Most answers hide behind victim mentality... blah blah blah.

What about our military, police, and internal security?
Our schools, universities, hospitals, and broken health system?
Our roads, power, and basic infrastructure?

Were colonialists or so called imperialists still in charge when all of that collapsed?

And let’s not even talk about modern technology... AI, robotics, advanced manufacturing. We are light-years behind.

Here’s the hard truth:
If you can’t succeed as a country, you will become a vassal state to a global power. That’s how the world works.

“Sovereign nation,” my #ss.

You can hate the West all you want... but the phone in your hand, the internet you’re using, and the antibiotics that stopped you from dying last week…
Na dem make am.

zinaunreal:
Usa says Venezuela should only purchase American products. If America is not worse than leviathan who is? Humanity cannot move forward if America is not sidelined. Disgusting, no repeat for sanity and law. Nothing anyone will convince me in this life and the next that this devils mean well for anyone. All this is connected to the Epstien files. Their atrocities are so massive they rather invade a country to distract people. Bunch of pedophiles

USA always will , like all countries, act in its own interests. Thats' why Nigerians should always treat any help from any superpower or power nation with a big pinch of salt. No, a big sack of salt.

nairalanda1:
USA always will , like all countries, act in its own interests. Thats' why Nigerians should always treat any help from any superpower or power nation with a big pinch of salt. No, a big sack of salt.

This one don pass act on interests. This is even 100x worse than why world war 1 took place. The United States is a criminal entity and cannot hide its evil because new travels faster than light in this age of smart phones. Thank God for this new era of information. They have seen that information cannot be suppressed anymore so they have decided to come all out as the devils they really are

Babatunjo:
Rubbish.

It's only a matter of time.

Nigeria will be recolonised by the west again.

No, not going to happen

Colonialisim was a drain on the UK's finances. Of all its colonies, only one made a profit for the UK, and two 'broke even' (one of them was Ghana by the way). World War 1 and 2 made the drain on resources worse.

Plus UK cannot do colonial rule again. Not only would it go bankrupt, it would even collapse. Money will flow into the colony like a drain, and any attempt to enforce taxes to make back the money would be met with revolts by Nigerians.

Colonies ain't comming back. They cost too much.

Flangelo12:
Strangely, US would take the oil and use the money gained for the "common good" of the people of Venezuela.

Another name for that is SOCIALISM.

Lols .

Their supporters won't see it this way.

All these ideas can come together and only what works should be sustained. Just like those in some Arab states would say they don't pay taxes but they forget what the group running their government will do is take from other avenues and somehow, it would still affect you as you can't be totally exempt from the ripples....

zinaunreal:
This one don pass act on interests. This is even 100x worse than why world war 1 took place. The United States is a criminal entity and cannot hide its evil because new travels faster than light in this age of smart phones

LOL..every country is like the USA. (Does not excuse what they are doing now). That is why we have the UN...which helps mittigate, but not completely prevent , hegemon games. (if not, US would have long since done far worse).

US should pls come and run Nigeria too. Our politicians are d only people benefiting from d country resources and they are not up to 0.005% of d population

A jobless political office holder son will worth 2 Trillion Naira while a working class man don't worth 2m.

When is Donald Trump coming to Venezuela this country? Maduro the tax collector to the US and free us

I watched a documentary of Venezuela some years ago on CGTN,it was a story of a country totally bankrupt. I would have doubted if it was from a western media.
Hugo Chavez good intentions backfired massively

nairalanda1:
LOL..every country is like the USA. (Does not excuse what they are doing now). That is why we have the UN...which helps mittigate, but not completely prevent , hegemon games. (if not, US would have long since done far worse).

🤣 United nations is like a Nigerian security guard asked to guard a bank. Donald Trump cannot wedge a full scale war because he knows the military will not follow his disgust , even congress

Too lazy to read
Summarise it??

Jacoban20:
President Trump, please come and help us in Nigeria before Tilimbu finish the country patapata.

Gas flaring here is worse

See Sl@ve

So many ignorant people in this country.

I hope all those who are suddenly knocking socialism feel the same way about paying in full for university education and paying in full for nepa bills. not picking and choosing

FreeStuffsNG:
If you are not handling your resources, how are you going to handle the country?
“So, it is important that Nigeria takes control of her resources.

He was feeling cool and dishing out unsustainable free this free that socialism.
In less than two decades, everything reversed in Venezuela!

Socialism failed Venezuelans and today, the Bolivarian Government of Venezuela does not even have control of their own resources and are now under colonization.

Humpty-Dumpty fall indeed.

We deregulated our downstream and enabled fresh private capitals to flow into our oil and mining sector, today it should be Venezuela that must come to Nigeria and take lessons from us

you really know how to laugh at yourself.

It Took the U.S About 2 Hours to Pick Maduro in Venezuela.

How long will it Take Them if They Want to Pick Tinubu in Nigeria?

Nigeria is lead by terrible gangsters and that is why they can't get things right even if they know how to get them right. If we keep waiting for the Nigerian current crops of politicians to bring the desired change then we will all wait forever.Did we not see the loots of a former attorney general of the federation? If such government official could steal such amount of money then we are finished as a country because his likes are doing the same but his crime was only exposed because he didn't dance to the tune of the powers that be. Nigerians have to stand up and take their country for the betterment of all. In the next general elections we must drop religion and tribal sentiments as we choose competence over mediocrity.

FreeStuffsNG:
Venezuelan Ambassador to Nigeria Enrique Fernando Arrundell could not have offered his advice on Nigeria’s management of its petroleum resources at a better time. [/b]The anchor of government’s argument is that higher prices would draw foreign investors to the down stream sector of the industry.

[b]This editorial was originally published by Vanguard Newspaper on December 4th 2009.


Professor and Minister of Information Dora Akunyili had solicited Venezuelan investments for our refineries.

Mr. Arrundell’s response was without diplomatese. He launched a profound lecture on Nigeria’s oil and gas.



https://venezuelanalysis.com/analysis/4998/


Enrique Fernando Arrundell, former Venezuela Ambassador to Nigeria (picture below)

I am not saying it is good to increase fuel price indiscriminately neither do I support another country taking control of your resources

BUT nobody should take economic advice from Hugo Chavez, that guy basically ruined Venezuela's economy to the point where people were queuing to buy tissue paper - it was that bad.

And when you consider that Venezuela's oil output is about 60% of Nigeria's while their population is less than 20% of Nigeria , then you realise as bad as Governance in Nigeria is, we are still better managed than Venezuela

FreeStuffsNG:
If you are not handling your resources, how are you going to handle the country?
“So, it is important that Nigeria takes control of her resources.

He was feeling cool and dishing out unsustainable free this free that socialism.
In less than two decades, everything reversed in Venezuela!

Socialism failed Venezuelans and today, the Bolivarian Government of Venezuela does not even have control of their own resources and are now under colonization.

Humpty-Dumpty fall indeed.

We deregulated our downstream and enabled fresh private capitals to flow into our oil and mining sector, today it should be Venezuela that must come to Nigeria and take lessons from us

You really don't understand politics, if you were privileged to lead the country, you will destroy it with over sabi.
Wishes are different from reality.
Hugo chavez wanted to run America street, forgetting America na "senior man".
You actually think Saudi Arabia
is that stupid ,I laugh in swahili.

Sanctions destroyed venuezela all you wrote is bs!

nairalanda1:
Venezuela made a big mistake 'controlling its resources'



1. First, that cheap fuel led to the wreckage of their largest refinery...went from 900000 bpd to 100000 bpd.

2.Yes, they owned 12 refineries in the US, through a company that is now in trobule financially.


3.NIgeria did the same as Venezuela. NNPC originally started out as a nigerian oil company, we took control of our refineries, and then....we made the mistake of making everything that came out of the refinery 'cheap'




There is nothing wrong with a country taking over its oil companies, and petroleum sector. It's a good thing. But if taking over means that you are now going to be selling stuff at 'prices that the poor can afford'....that means that you are going to end up with a shitty oil industry...like Venezuela and even Nigeria did.

And please don't mention 'sanctions'. Rossyia and China were doing business with Venezuela all this time. The problem was that the PDVSA could not pay them the kind of money they needed to help them improve things because cheap fuel.


Again, we can take over all our industries and all, but don't then come and sell it at 'cheap prices'. Because the people who make stuff needs to be paid, in full, the people who help bring in stuff needs to be paid.

The USSR did the same thing....controlled everything for the benefit of the protelariat...and by 1979, were codedly borrowing money in large amounts from the same imperialist powers.

pak:
Nobody should be taking advise from chavwz

Their understanding is very limited or probably clouded by hate for America.
Nature chose Venezuela 🇻🇪 to be king of south America, just like nature chose Nigeria 🇳🇬 to be the leader in Africa but corruption and poor leaders not allow us unlike Saud Arabia that remains the leader of the entire middle east.

Antoeni:
It Took the U.S About 2 Hours to Pick Maduro in Venezuela.

You're clearly ignorant on what it takes for that kind of operation. It took them years of planning! They had failed in previous missions until now that they had serious collaborators in the security of the country.

Maduro is not a commoner like you

nairalanda1:
Venezuela made a big mistake 'controlling its resources'



1. First, that cheap fuel led to the wreckage of their largest refinery...went from 900000 bpd to 100000 bpd.

2.Yes, they owned 12 refineries in the US, through a company that is now in trobule financially.


3.NIgeria did the same as Venezuela. NNPC originally started out as a nigerian oil company, we took control of our refineries, and then....we made the mistake of making everything that came out of the refinery 'cheap'




There is nothing wrong with a country taking over its oil companies, and petroleum sector. It's a good thing. But if taking over means that you are now going to be selling stuff at 'prices that the poor can afford'....that means that you are going to end up with a shitty oil industry...like Venezuela and even Nigeria did.

And please don't mention 'sanctions'. Rossyia and China were doing business with Venezuela all this time. The problem was that the PDVSA could not pay them the kind of money they needed to help them improve things because cheap fuel.


Again, we can take over all our industries and all, but don't then come and sell it at 'cheap prices'. Because the people who make stuff needs to be paid, in full, the people who help bring in stuff needs to be paid.

The USSR did the same thing....controlled everything for the benefit of the protelariat...and by 1979, were codedly borrowing money in large amounts from the same imperialist powers.

right, which is why I wonder the type of argument communism presents to capitalism, yet communism needs capitalist funds to maintain its ideologies how is that even sustainable?

nairalanda1:
Venezuela made a big mistake 'controlling its resources'



1. First, that cheap fuel led to the wreckage of their largest refinery...went from 900000 bpd to 100000 bpd.

2.Yes, they owned 12 refineries in the US, through a company that is now in trobule financially.


3.NIgeria did the same as Venezuela. NNPC originally started out as a nigerian oil company, we took control of our refineries, and then....we made the mistake of making everything that came out of the refinery 'cheap'




There is nothing wrong with a country taking over its oil companies, and petroleum sector. It's a good thing. But if taking over means that you are now going to be selling stuff at 'prices that the poor can afford'....that means that you are going to end up with a shitty oil industry...like Venezuela and even Nigeria did.

And please don't mention 'sanctions'. Rossyia and China were doing business with Venezuela all this time. The problem was that the PDVSA could not pay them the kind of money they needed to help them improve things because cheap fuel.


Again, we can take over all our industries and all, but don't then come and sell it at 'cheap prices'. Because the people who make stuff needs to be paid, in full, the people who help bring in stuff needs to be paid.

The USSR did the same thing....controlled everything for the benefit of the protelariat...and by 1979, were codedly borrowing money in large amounts from the same imperialist powers.

If i follow your demonic logic, the Venezuelan medical and educational system thats is cheap too just like fuel there, should be going down because it was artificially made cheap. Demonic logic at best.
Is USA not doing welfare(societal subsidy)? Why havent they crashed too?

This your hatred for blackman enjoying subsidy, you must be closely in partnership with the forces holding the black man down