₦airaland Forum

[quote author=buharisbae post=46814263]yaff insult me are u now Happy? [/quote
sorry I didn't mean to [quote author=buharisbae post=46814263]yaff insult me are u now Happy? [/quote
sorry I didn't mean to

crazymommy:
Go and sell your dollars at rate of 400 naira as you predicted
...keep deceiving yourself with your delusional 15000$ cash with you...

lol

grandstar:
If government workers were the highest paid in South America, it exposes the reckless spending I spoke of. He actually doubled the size of an already bloated state staff.

The man ruined PDVSA. He sacked most of the company's competent staff who got better offers overseas to their well grounded knowledge in oil especially heavy oil. He then replaced them with loyalist. Production slumped heavily.

Also you claim that the money made was spent within the country. That is a fallacy.

He was dashing out aid in the form of subsidised crude oil to many South American countries.

Also, because of mismanagement of the economy, manufacturing and food production slumped forcing Venezuela to depend on imports especially from Colombia. A lot of their money was going to Colombia.

Also there was corruption, a lot of it even if it might not have been as brazen as that here. Also, there was massive capital flight from the elite who lost faith in Chavez economic policies. He actually nationalised many big private companies.

As for power. the country is suffering from severe blackouts. Investment my foot.

Most of the glory you spoke of was pre-Chavez.

You are praising well known charlatan

Dunno why I got banned for trying to post my opinion..

What's moderator's email or contact?

Venezuela compared to USA/Norway is a monster, but Chavez was unequivocally a disciple of mixed economy with huge social programs to benefit country's poor and needy unlike in Naija where poor folks are charged higher for everything.. Kerosene, cooking oil for the poor, is more expensive than diesel and PMS. If you compare Venezuela with Nigeria, we are the real charlatan! In 2014, Venezuela budgeted $87.3bn for a population of 30m while Naija budgeted $30bn for a population of 170m.
Sector allocation
Naija budgeted 10.6% for education which was about $3bn
Naija budgeted 5.7% for health which was about $1.5bn
Venezuela budgeted about 40% for social investments with education getting about $10bn-11.7% while health got about $7bn at 8%. Additionally, PDVSA is obligated to contribute towards education and health through a govt program " Fonden" to the tune of $8-10bn.
So Venezuela's budget is 3x more than Naija
It spends 3x more on education than Naija. It spends 5x more on health.
As per oil price, Nigeria has higher production cost than Venezuela. We also have lower output than Venezuela.
PDVSA subsidiary,
Citgo , has a huge operation in the USA which can fund Naija budget on annual basis. Their revenue in US alone is about $42bn. It owns 2 refineries in the US with a combined production capacity of 760k bpd.
Cab our NNPC refine 100k bpd?
PDVSA has refineries in Germany, Sweden, Bahamas, US Virgin Islands and Jamaica.
This comparison is between Naija oil wealth vs Venezuela's !

dantori:
I got 345 if you're interested contact me

dats my contact.... I need dollar at official rate or close to.

Hallenjay:
dats my contact.... I need dollar at official rate or close to 08131069327

this has been a while o

dantori:
this has been a while o

yes oooo....not my available

E be like everybody for this particular thread don die
Abeg where man pikin fit buy dollars at cheaper rate cos e dey pain me to consider Aboki as an option. I want open domiciliary account. Thanks

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