Danwakae:



You are off points


Read those two communique abi letter again

Danwakae:



You are also off point...


That's not the point of the OP
...go check again

gloriaunobi:
That's not my problems but how do I migrate to Canada

APCNig:

[s]
The Chair of ECOWAS is not which country is made the Chairman, the real Chair is which country can control others even without saying a word. When Nigeria closed its boarders didn't you see all ECOWAS countries crying including those very far from us and not sharing boarders with us?

When J.J. Jameh the Gambia ex-President lost election and refused to vacate his seat. All ECOWAS heads of States appealed to him, he ignored them. All ECOWAS heads of states deployed military personnel to Gambia, J.J. Jameh still ignored them. But when Major General Muhammadu Buhari deployed Nigeria's military jets to Gambia, the guy picked race and ran with his tail between his legs. That's what makes the ECOWAS Chair.

Can you recollect how many times Nigeria has given huge money as handouts to several ECOWAS countries? Uncountable times. Therefore, if Nigeria rejects this France introduced Eco currency, ECOWAS will have no choice than to reverse its decision, else, Buhari will starve all ECOWAS citizens to death with hunger and starvation and France and that baby President married to and sleeping with his grandma will not be able to help them[/s].

Daviddson:
I'm not understanding. Does it mean the countries making up ECOWAS didn't vote on the adoption before the ECOWAS president or whoever was in charge, made a public declaration on it? This is quite silly.

And BTW Nigerias response is more mature - though both are still foolish responses, because it seems like it came as a shock to them.

post=85374543:
Nigeria never told ECOWAS that they are interested in a single currency up till this moment.
That has been going on for years now.
So won't they reply them that they will get back at them?!
Nigeria’s naira is often seen as the likely anchor currency for ECOWAS, due largely to country’s sheer economic size and political importance.
This role would be akin to the one played by the German deutsche mark in the period leading to the introduction of the euro.
Our Conclusion : The Eco will clearly not be the panacea for West Africa’s myriad problems, including high levels of unemployment, especially among the burgeoning population of youth and the increasing numbers of the poor.
The lessons from the eurozone highlight continuing challenges among a group of highly developed countries with very strong institutions.
ECOWAS will do well to heed these lessons.
Also, efforts by member states to strengthen domestic macroeconomic frameworks are important.
Concerted efforts must be made to reduce the inordinate bureaucratic delays that severely constrain exports and imports at the border.
Launching the single regional currency, the “Eco,” by December 2019 is, at best, an expensive distraction that the people of West Africa can ill afford at this particular moment.
We stand with Nigeria.
Shame on the OP that brought this rubbish here, whatever his mission was and bigger shame on the illiterates typing jargons everywhere.
Lazy tins!






It is always good and refreshing to know that we still have reasonable and intelligent people like you guys on this forum.
Compared to the illiterates and pessimistic wailers that have nothing upstairs but just take side with anything that can make the country look bad.
Ireedeemable and pathetic tins they are.
No wonder Cownu called them whatever he addresed them has!

APCNig:


So you expect Nigeria to just accept it? You must be dreaming. Nigerria is West Africa, no Nigeria, no West Africa. We closed our boarders and all West African countries are crying and weeping. So, we take the shoots and as the Chairman, we speak last. If we Nigeria do not accept it, ECOWAS will have no other choice than to also rescind its decision, else we will muzzle ECOWAS to death. And with Major General Muhammadu Buhari on the seat, Nigeria can kill the whole ECOWAS economically.

dc23:
Essentially the decision to rename the CFA, Eco is to publicise the proposed currency and create a groundswell of support from ordinary people.

Yes, the CFA/Eco is still central banked in France, nothing has changed. What the francophone nations and Ghana are waiting for is the setting up of an Ecowas central bank. You would realise that Nigeria headquarters the group and currently chairs it. The current administraton is dragging it's feet, but in time there is every intention to sideline Abuja and make progress as was done in the Africa Free Trade Agreement signed recently.

Nigeria may be the most populous in Ecowas, but definitely not bigger that the collective union. A quick study in light of AFTA would show that Nigeria numbers pale in comparison to Cairo and three other capitals.

Now, to address, the politics of importation. Could you pause and think, before the border closure, WHAT EVER DID YOU BUY THAT WAS MADE IN GHANA, BENIN, TOGO or Mali? I suppose the answer is nothing. The reason us simple the multinationals like Guiness, Unilever, Cadbury and Nestle have factories in every country anyway and produce locally.

Closing the border only affects ordinary peasant businessmen importing or exporting traditional food stuffs like coconut, ugu, crayfish etc. And more seriously Nigerians who do business in Ghana who import machine and auto parts from Lagos to stock their shops. Indeed, many of them are very grateful that since Nigeria opened the border to exports only, Ghana and other nations didn't retaliate by refusing entry.

In conclusion, if you can't remember using a Ghana product before the closure, then it's not definitely not pinching anyone there.

Nigeria would definitely overcome this problem post Buhar administration when more educated and exposed leaders take the helm.

Happy New Year.

Nukilia:

Can you just stop misinforming people as if you know anything about economics

Stalwert:


It will be highly unfortunate if this is the case. The French remain the worst of colonial powers, they refuse to let go. Please you got links on this.

alamarmeen:



you can google why Nigeria will not accept the eco currency..
u can rephrase the question to reflect what u wish to know.. and also the are some video analysis on YouTube.
i think there is one this morning on allafrica.com

sammyj:
Yes there link to it. I read it on this forum

Built2last:
See your government.

Unfortunately nobody is reviewing anything they will tag along

KingGBsky:


With all your epistle, is the Nigerian currency any better? Compare it with Ghana. Nonsense.

mvem:
I think you should ask yourself similar question.

gloriaunobi:
That's not my problems but how do I migrate to Canada

APCNig:


So you expect Nigeria to just accept it? You must be dreaming. Nigerria is West Africa, no Nigeria, no West Africa. We closed our boarders and all West African countries are crying and weeping. So, we take the shoots and as the Chairman, we speak last. If we Nigeria do not accept it, ECOWAS will have no other choice than to also rescind its decision, else we will muzzle ECOWAS to death. And with Major General Muhammadu Buhari on the seat, Nigeria can kill the whole ECOWAS economically.

Spatta:
The Nigerian reply is one reason being a Nigerian under an illiterate is regurgitating, Actually, I detest the name Nigeria because it is according to myth a combination of Nigga and Area, a name imposed by the Colonial masters just like Yoruba, which was imposed on the Yoruba by the Hausa, meaning Bastard
You can tell that the government of Nigeria is clueless and unashamedly vision-less especially under this regime of a tyrant
Look at how Ghana responded intellectually
Compare it with how illiterates in the Despot's government responded to a serious economic advantage

Nukilia:


Fake news!

Stalwert:




Will do

EzeIgbo1:


Oga na Ghana I dey type from and Naija currency strong pass their own hands down.

Removing zeros from s currency does not make it strong. It rather weakens its purchasing power. This Is why 50 cedis cannot even buy anything here compared to what 4k can buy which is the equivalent of 50 CEDIs in naira.

Don't mention cedi near naira again abeg you

post=85374543:
Nigeria never told ECOWAS that they are interested in a single currency up till this moment.
That has been going on for years now.
So won't they reply them that they will get back at them?!
Nigeria’s naira is often seen as the likely anchor currency for ECOWAS, due largely to country’s sheer economic size and political importance.
This role would be akin to the one played by the German deutsche mark in the period leading to the introduction of the euro.
Our Conclusion : The Eco will clearly not be the panacea for West Africa’s myriad problems, including high levels of unemployment, especially among the burgeoning population of youth and the increasing numbers of the poor.
The lessons from the eurozone highlight continuing challenges among a group of highly developed countries with very strong institutions.
ECOWAS will do well to heed these lessons.
Also, efforts by member states to strengthen domestic macroeconomic frameworks are important.
Concerted efforts must be made to reduce the inordinate bureaucratic delays that severely constrain exports and imports at the border.
Launching the single regional currency, the “Eco,” by December 2019 is, at best, an expensive distraction that the people of West Africa can ill afford at this particular moment.
We stand with Nigeria.
Shame on the OP that brought this rubbish here, whatever his mission was and bigger shame on the illiterates typing jargons everywhere.
Lazy tins!






It is always good and refreshing to know that we still have reasonable and intelligent people like you guys on this forum.
Compared to the illiterates and pessimistic wailers that have nothing upstairs but just take side with anything that can make the country look bad.
Ireedeemable and pathetic tins they are.
No wonder Cownu called them whatever he addresed them has!

APCNig:


So you expect Nigeria to just accept it? You must be dreaming. Nigerria is West Africa, no Nigeria, no West Africa. We closed our boarders and all West African countries are crying and weeping. So, we take the shoots and as the Chairman, we speak last. If we Nigeria do not accept it, ECOWAS will have no other choice than to also rescind its decision, else we will muzzle ECOWAS to death. And with Major General Muhammadu Buhari on the seat, Nigeria can kill the whole ECOWAS economically.

EzeIgbo1:

Oga na Ghana I dey type from and Naija currency strong pass their own hands down.
Removing zeros from s currency does not make it strong. It rather weakens its purchasing power. This Is why 50 cedis cannot even buy anything here compared to what 4k can buy which is the equivalent of 50 CEDIs in naira.Don't mention cedi near naira again abeg you

Awoo88:

I am not the saying something I don't understand. Are you one those paid peanut every month to support any action of thus government?

Destroyerofyeeb:
Stop wasting your time, Nigerians are ignorant as fvck.