if venezuela can take back their oil why can't Nigeria?

Nigeria should benefit from its resources. educate me why this is not a logical solution?

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  • 1 decade ago
    Favorite Answer

    Venezuela is not taking anything back. They simply allowed other people to pay for their oil infrastructure - then stole it.

    Theft is theft.

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  • 1 decade ago

    Nigeria and Venezuela are at two extremes politically, culturally, and, I dare say, socially.

    Nigeria's oil is already in the hands of Nigerians. There is nothing to 'take back'. The oil companies are not fleecing Nigeria (except in the way that all large companies fleece us anyways). They pay a tax of 85% and the national oil corporation [NNPC] has a monster share of every single petroleum sharing contract or oil mining lease in the country.

    Nigeria doesn't seem to benefit from their resources because the channels of finance are corrupt thieves. The North is relatively well developed on oil wealth. The Niger delta from where the oil comes is deprived. That has nothing to do with Mobil or Shell but with the thieving governments in the center as well as the state governments. Further, Nigeria is anything but a socialist society like Venezuela wants to be. Nigeria is totally capitalist and pursues privatization of industries. Nationalization didn't work when it was attempted in the early 70s.

    The people (in the Niger Delta) themselves don't help matters. Corruption is almost accepted without question. They boldly defended a state governor who was arrested in Britain with 1.1M GBP in cash stating that it was "their" money that was stolen and Britain didn't have the right to arrest the governor - who, by the way, has no diplomatic immunity....go figure!

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  • bwlobo
    Lv 7
    1 decade ago

    The windfall of oil rent is an irresistible temptation for governments. Nigeria’s post-independence history would appear to be a telling confirmation of this. The ability of a small controlling elite to seize power and make deals with oil companies is just too strong for the forces of freedom and democracy to fight. Nigeria has, recently, been making steps in these fruitful directions, but the “oil curse” has continued to strongarm them, and no progress is made.

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  • 1 decade ago

    The people that "try to take their oil back" will be executed if other means do not work. An example is Ken Saro-wiwa. The corruption and mismanagement is so great that Nigeria might as well return to British rule. Puerto Rico will have a similar fate if it gains independence.

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  • Anonymous
    1 decade ago

    they can, if they want it bad enough.

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