Jacseyi:


They would fail. In fact, it would backfire in Jesus name

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!

KingGBsky:


I think I understand the basics of the Ghana cedis better now. It’s just a sham.

Destroyerofyeeb:
I hope Nigeria won't join to adopt that crap, cos obviously France has already hijacked the whole thing. Even ghana that is supposed to be smarter than these mumu francophone neighbors too have joined. God help west africa,i guess that's why France is sponsoring boko haram and taking advantage of our useless leaders to destabilize Nigeria cos they know Nigeria is the only thing stopping them from a total western africa domination.

Kwamecron:
We are not the same.

RisenPhoenix:


They were already sharing a currency together; the CFA. This rebranding to the 'eco' only serves to make the new currency acceptable to Anglophone W.African countries; putting them firmly under France's sphere, where only Francophone countries were before.

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!

obaaderemi:
You are the one who should read again. Do you expect Nigeria to just sign up to a new concept without weighing the pros and cons? There is nothing wrong with Ghana's response as well as Nigeria's.

Nukilia:


"Many Africans cheered and applauded when Ivory Coast's President Alassane Ouattara announced on Saturday "that, in agreement with the other West African Economic and Monetary Union Heads of State, we have decided to reform the CFA franc with the following three major changes: First, the name change of the currency from the CFA franc to the Eco."

His speech marked the official end of the French-backed currency CFA francs for the eight countries belonging to the Economic Community of West African States (ECOWAS). Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo currently use the CFA franc which has been criticized by many as a French relic from colonial times. Further, [b]France will stop holding "50 percent of the reserves in the French Treasury" and will withdraw "French governance" related to the currency. [/b]The Eco's value will be pegged to the euro, just like the CFA has been for more than two decades."

Source: https://www.dw.com/en/west-africas-new-currency-the-eco-rebrand-or-fresh-start/a-51784054

@emboldened

Destroyerofyeeb:
When I say Nigerians are stupid unpatriotic cvnts some people go dey vex. Their hatred for anything buhari has blinded them. France isn't gonna let go of their colonies easily.

slimthugchimee2:


Lol baba go and do research, you sound stupid, currency that fell so much that they just removed zeros from it

egbetokuns:

What do you mean. Do you want nigeria to say yes or what. I don't think you know your country. Let's forget about politics. God love us so much.

RisenPhoenix:


Further buttresses my point. Nigeria should consider this very well before joining the bandwagon. I applaud the government's caution.

Danwakae:



That's not my point but back to ur point



Have u forgotten what it took Nigeria to sign ??... Nigeria went through everything before signing it, and aggreeing to be part of it... There will be no crime if Nigeria refuse to be part of it but not after signing to be part...You even said visa on arrival, when we have many of them with even our Nigeria voters card, is it not the farmers that will suffer it ??... The govt is just contradicting it's self with different policies...how are which some of u are from the core north or stays here.

EzeIgbo1:


Exactly. Nigerian youths shout with zero content in their dumb skulls.

They want Nigeria to jump on it because White France said so?

Before the Euro came the British pound was the strongest currency in that region so based on this they rejected the euro. How did that affect UK? It never affected her. They still remain stronger that the euro per strength of currency

Nigeria has the economy of west Africa in her pocket and this is our strength. None of the west African countries can rise above Nigeria even with the adoption of the eco.

Their economy would remain the same, their exports same, their GDP same. The chief beneficiary to this eco move would be France because they are the puppet masters and would continue leeching off west Africa through this new method of colonialism

Nukilia:

Thank you intelligent one

karps:


For now the Nigerian Government has made the most sensible statement. Don't commit to any side and observe for now. The Government is on point...Don't forget to read up

EgusiShankly:
He's more than that

Ifakiland:

I guess you did read the letter from Ghana, Nigeria isn't the chair of ecowas

EzeIgbo1:


Complete and utter sham used to deceive and confuse their people

Nukilia:


This was the same way we told the whole world we were exercising caution with the African trade agreement.... What happened to it today? Haven't we signed it?

EzeIgbo1:


Is it Naira you spend in Ghana? Why are you deliberately being stupid to yourself?

Any money converted to the cedi becomes useless because the cedi is useless.

You spend more cedi to convert to less Naira and you spend less naira to convert to more cedi.

Which of the above shows the one that is stronger? You smoke?

obaaderemi:
Sign what?

Danwakae:



The currency what part of the plan from the onsets... If u don't want to be part of it , there is not crime in that , not after aggreeing to be part of it , we all know how long it took Nigeria to study it before Baba Buhari finally signed to join in Niger republic...if u don't want to join leave , it's not a crime ,,simple.

Stalwert:


Can't believe what I just read. I pray the French countries won't regret their move, especially as they haven't achieve the fiscal requirements to share a currency together.

Danwakae:



You are off points


Read those two communique abi letter again