It can happen in Nigeria too. FG only relies on oil.

Yet they claim oil is useless. But buhari remains oil minister.

strrev:
Let CBN keep using reserves to crash the dollar

Venezuela 2020 Loading

get sense small...didnt u hear dat one reserve has risen by 5billion dollars

Wahala. And this is a country that was used as an example for Nigeria when times were good.

f

LMAO!!!
America, well done oh!

Incredibleme:
OP no dey compare Venezuela to Nigeria abeg. Oil reserves is all they have. Nigeria has a lot of potential...

Why not? They also have tons of gold, coal, iron ore, diamond among others. They also have human resources just as Nigeria. So why can't we compare? How come people compare Nigeria and America and it is acceptable but comparison with Venezuela is not allowed?

that's scary

awful i tell ya....we arent down to our last 200bill$$$ ...and we talk shittt everyday ....everyone plays for blessings,you dont know you were blessed at a point

Most Nigerians are not reasonable to that level.

nairaman66:
Nigeria getting there soon!

A fool at your age is a fool forever

abescom:
Like a yoruba adage says "orun yabo ki se oro enikan" continue to wish the country bad, we will all benefit from it when it finally happens.

Dude, in as much as I am a Nigerian, we all shouldn't run from the truth! The years of proliferate wastage and plundering of the nation's resources does have implications!

Nigeria as a country has failed its citizens especially the common man. The only people who would cry are the ones who benefited from the largesse! I believe you fall into this category.

abescom:
Why not? They also have tons of gold, coal, iron ore, diamond among others. They also have human resources just as Nigeria. So why can't we compare? How come people compare Nigeria and America and it is acceptable but comparison with Venezuela is not allowed?

Don't mind them! Most Nigerians live in self denial..

nairalandfreak:
So? APC and their stylish excuse

nawao

jegz25:
oloshi

Keep living in self denial.. Nigeria is as poor as Somalia!! We just have a better attitude! No need to insult you dude

10 billion
Or million?



10billion seems like alot to me

Adeniyimi:


A fool at your age is a fool forever

Stay blinded afonja!

nairaman66:


Dude, in as much as I am a Nigerian, we all shouldn't run from the truth! The years of proliferate wastage and plundering of the nation's resources does have implications!

Nigeria as a country has failed its citizens especially the common man. The only people who would cry are the ones who benefited from the largesse! I believe you fall into this category.

I fall into that category because I am a blogger and honestly can't lie, the last two years has been great for me. But how is that my fault? If you are implying I am into politics, you are dead wrong.

And to be honest, you are right thing our past leaders have failed us massively. But all we can do is to keep praying for the country AND doing our part to help the country. Wishing ills on the nation won't help you and won't help me.

If because I earn in dollars I wish the country bad, is my dollar not going to get converted and used to buy stuffs here? Only irrational minded and stupid people will wish the country bad because they THINK they are immune.

strrev:


Ode oshi,

your mumu country only relies on oil (abi nor be the same oil we and venezuela dey sell ) and you're here making mouth, you go feel am soon

oniranu...russia,libya,iran etc also rely on oil

OP, we should be grateful that we are not the worst yet, abi? At least we are better than some people, abi?

Something dey worry you for head!

That was GEJ's plan for Nigeria but God disgraced him

Those moro.ns who see stealing as nothing can learn one or two things from this

2black1:
I think we should be grateful that Nigeria's case is not this bad.
Venezuela's foreign reserves down to only 10billion dollars!


http://money.cnn.com/2017/03/01/news/economy/venezuela-cash/index.html

SMH @bold.

joey150:
10 billion
Or million?



10billion seems like alot to me

Not when you're neck deep in foreign debt

martineverest:
oniranu...russia,libya,iran etc also rely on oil

Ewure Obuko , dey try read news, even those 3 countries dun feel am

abescom:
I fall into that category because I am a blogger and honestly can't lie, the last two years has been great for me. But how is that my fault? If you are implying I am into politics, you are dead wrong.

And to be honest, you are right thing our past leaders have failed us massively. But all we can do is to keep praying for the country AND doing our part to help the country. Wishing ills on the nation won't help you and won't help me.

If because I earn in dollars I wish the country bad, is my dollar not going to get converted and used to buy stuffs here? Only irrational minded and stupid people will wish the country bad because they THINK they are immune.

Adeniyimi:


A fool at your age is a fool forever

uchelouis45:
You will get there soon. Idiot!

abescom:
Like a yoruba adage says "orun yabo ki se oro enikan" continue to wish the country bad, we will all benefit from it when it finally happens.

Country Rank Reserves Rank Reserves Rank Reserves Source/Date Reserves
Venezuela (see: Oil reserves in Venezuela) 1 298,350 1 300,878 1 300,900
Saudi Arabia (see: Oil reserves in Saudi Arabia) 2 268,289 2 266,455 2 266,600
Canada (see: Oil reserves in Canada) 3 172,481 26 4,118[4] 3 172,200 Natural Resources Canada, end 2014[5] 171,000
Iran (see: Oil reserves in Iran) 4 157,800 3 158,400 4 157,800
Iraq (see: Oil reserves in Iraq) 5 144,211 4 142,503 5 143,100
Kuwait (see: Oil reserves in Kuwait) 6 104,000 5 101,500 7 101,500
UAE (see: Oil reserves in the United Arab Emirates) 7 97,800 6 97,800 8 97,800
Russia (see: Oil reserves in Russia) 8 80,000 7 80,000 6 102,400
Libya (see: Oil reserves in Libya) 9 48,363 8 48,363 10 48,400
United States (see: Oil reserves in the United States) 10 39,933 10 36,685 9 55,000 ENI, end of 2015[6] 43,629
Nigeria (see: Oil reserves in Nigeria) 11 37,070 9 37,062 11 37,100


Venezuela had more prospects than Nigeria in terms of developmental goals etc. But because of corruption it became a country that never was!

NOTED.

abescom:
Must everything be seen as an APC excuse nitori olorun? You see glaring fact presented to you but still can spew this rubbish.

When are you repenting?

Won't u allow liepod kids learning the art of wailing?

Even the advanced wailing liepods try to avoid news inimical to their senseless wailing and u are wasting time on a wailing apprentice.

kulikuli45:
They shd go and farm.

All hands to the plow.

Massively cut down dependence on food imports, and save foreign currency for essential and locally unavailable drugs.

There case is not like Nigeria it solely depends on crude.So it is not that simple.