Bismarck Rewane Chief Executive Officer, Financial Derivatives. In this interview with Reuben and Kachi, he deep dives into Nigeria's role in the implementation of#ECO and the recent hijacking of the currency by #France.
The Nigerian Economy is projected to reach $1 Trillion USD on GDP by the year 2030, and France has no leverage on Nigeria, so they can't do anything to pressure Nigeria into signing the deal.
@@chrisoghenetegamaloney5799 Nominal Gdp. When you talk about Ppp Gdp Nigeria has already hit 1trillion Two hundred Million (USD) for A longtime you can confirm it on Wikkipedia or WorldBank Data Platform.
@@chrisoghenetegamaloney5799 The Nigerian Economy is under estimated because of infrastructural deficits she had long accumulated. We are not where we supposed to be at the moment regarding our SIZE in all Ramifications.
Nigeria must be held accountable of not activating a sensitive action to stop Franch country campaigning eco money for their selfish economies interests .
You can't hold the one who isn't ready to be responsible accountable. How do you even begin to do that when the person does not even know he has any responsibility?
I am really Baffled...when did The Eco become a France and Francophone project? ??...it was an idea cultivated by Ghana Nigeria and English speaking Ecowas countries. ..this is the Main reason why Ghana and Nigeria are surrounded by Francophone countries to thwart the Region's progress. ..I knew something was Fishy when it was announced in Ivory Coast by Quattara...who was put in power by France in a Bloody Violent coup...Francophone countries were suppose to break free off France...not Entrench and re-energise their colonial structures 👎👎👎
the problem is the CFA, frenchs africans countries are in a deep shit...this all started during their independance when they choose the CFA (French colonial african franc.) 1 euro = 662 cfa how can you declare yourselve independant with such a logic?
TheMuzikall the CFA is produced in France, the only way to sort this problem is for the francophone africans countries to produce their own money...but it can’t be ECO....ECO is not even the proper term...the proper name is ACU that stand fro AFRICAN CURENCIES UNIT.
*NIGERIA SHOULD NEVER JOIN ECO IF FRANCE IS INVOLVED WE ARE GOOD WITH NAIRA,, WHAT WE NEED TO GROW IS POWER AND INDUSTRIALISATION* Greetings from The Netherlands
Imagine NIGERIA using A currency that is guaranteed by FRANCE! GUARANTY in Economic Jargon means control and supervise the whole West African States currency , Especially when the Nigerian Economy/GDP will eventually attain over 1trillion USD in the near FUTURE
It must not be printed in France and must not be pegged to the euro due to long term psychological effect of how we Africans will continuously see ourselves as lower to the Europeans. Also, the name of the currency must not be ECO. It must be a name deriving from other African currencies like CEDI and NAIRA. So first two letters of CEDIS and first two letters of NAIRA. Which will be CENA. It sounds fresh, it sounds better and the look of it looks strong and inviting. If the new currency is printed in Africa, it will create jobs for at least 1000 direct and indirect jobs. The jobs will stop Africans going to die in the Mediterranean.
Guy don't try to bring different story here cuz NOT this 2 countries only makes west Africa ECO is the best name for the new currency if possible to be lunched , just immagine Ecowas, Eco its not nice. Lol
Another brilliant analysis from the true professor. I have been thinking about this too because looking at the European union currency members, they are all great countries, but Nigeria, Ghana and ivory Coast are the only countries in West Africa that could adopt a single currency but not tje rest. And even Nogerian inflations as the honorable just pointed out is put of control.
Mr Puppet Ouattara and FRANCE have Hijacked this ambitious ECO project, While it was initiated by the West African States. Nigeria should not allow FRANCE to meddle in this Project in all ramifications......
The Nigerian Economic Giant Sir Bismarck Rewane...Says it like it is ! No B.S just sound Economics!! Economics is not for the faint hearts... France 🇫🇷 is grossly underestimating Nigeria 🇳🇬!! Well the Rabbit 🐇 had the same attitude with the Lion 🦁King 👑!! 200 Million vs ?? France 🇫🇷 was intoxicated until it realized that Nigeria 🇳🇬 no be MuMu O! Game Over! One ☝️ Love ❤️ Africa United!!
Thank you my brother that's what bob marley said you can fooll some people sometimes but you can't fool all the people at all the time France wants to add the English speaking countries in west Africa to their this so called cfa they just want to change only the name but that will not walk we see the strategy the name of the currency is not important it's like the same game different ball in the field we are not sleeping no way
@@bambayasylla9907 But GHANA is sleeping ohhh They've fallen in love with the French trap No Wanda The French have been cajoling Ghana for some time now. Macron even openly asked Ghana to join the day he was making his speech in Ivory coast. GHANA has forgotten the real ECOWAS Eco
Cameroon is a sovereign nation and not a member of ECOWAS hence the reason Nigeria cannot intervene. Splitting a country is something you guys should handle internally using Constitutional means
@@bmmacoh3387 Whatever you choose to call it. All that is certain is that Nigeria only intervenes when there is political instability in any ECOWAS countries, which Cameroon clearly isn't a part of.
That words Africa unite is a wrong statement, Am saying this to all my Nigerian,and secondly we are not fool as those who claim to be smart, This time around is not for Africa stand for Africa, Well I believe Buhari know what to do, Ahhh I wish this time is the time of Obasanjo.
Also, remember: RFI (is French International Radio)...writing this after 50 years: How France armed Biafra's bid to break from Nigeria: www.rfi.fr/en/africa/20170525-how-france-armed-biafras-bid-break-nigeria
Yes...France is trying to trick Nigeria and Ghana into the financial "slavery " francophone countries are going through... Many francophone economists and activists are not satisfied with the cosmetic changes... and they vowed to continue the fight for economic freedom from France and they are warning Nigeria and Ghana not to join yet... In this article from Financial Times: www.ft.com/content/8894ad6e-2650-11ea-9a4f-963f0ec7e134 you can read: "France will nominate an “independent” representative to the regional central bank and will monitor reserves daily"
Also, don't forget, RFI (is French International Radio)...writing this after 50 years: How France armed Biafra's bid to break from Nigeria: www.rfi.fr/en/africa/20170525-how-france-armed-biafras-bid-break-nigeria
"We have no oxygen to give others"....regardless of our position we still have a role to play and if you don't, as you have now seen, France will affect the prospects of regional integration and in turn our bottom line. There are now clearly "2" ECOWAS which can turn into an even wider split. You have to bring together the non-Francophone countries as direct allies and put it to the French speaking ones to fall in line. This should be our most important foreign policy. We seem to have none. All these sayings Bismarck is remarking is not his job. Leave political speak for the politicians and focus on economy.
Some of these francophone Countries are still confused. They think they are French! They envy and oppose Nigeria and even support Morocco from North Africa to join Ecowas and antagonize Nigerian influence. Meanwhile, when they are in trouble, it is Nigerian lives that are placed on the line for them.
Original Landlord they are fools periods ,,. Little boy from France using their heads , their ancients president can even comprehend in front of the French
I guess we are already indirectly doing that if the purposed currency swap with Sierra Leone will count as something m.guardian.ng/business-services/nigeria-sierra-leone-plan-currency-swap/
Sorry but Nigeria is a disgrace when it comes to Pan Africanism. Nigeria stands to gain a lot from closer regional integration but Nigeria needs to be bold and take a lead.
@@kofihenaku9724 that's the problem. Nigeria needs to sort itself out quickly but I don't think there's any denying that they should be at the forefront of closer integration instead of being dragged all the time. Nigeria has to work for West African economies to work. It's that simple and therefore we all have a vested interest to see this happen. All Nigerian presidents spent far too much time and effort just managing their internal fault lines to the detriment of Africa. We need the blurring of borders. We do not need new states in Biafra and the like but rather we need less of Nigeria, less of Ghana, less of Ivory Coast, less of Senegal etc. We need a stronger ECOWAS.....
@@Klopp2543 I am COMING to KENYA to find out for myself... I heard foreigners are running the economy..of KENYA...IF IT'S true AFRICA HAS LONG WAY TO REAL INDEPENDENCE..SAD INDEED...THE YOUTH OF AFRICAN NATIONS ARE OUR HOPE CONSIDERING OLD ABOUT TO DIE LEADERS RUNNING AFRICA TO THE GROUND....LOOK AT DEPLORABLE HOUSING AND INFRASTRUCTURAL NON EXISTENT ON THE CONTINENT..
The lady should stop interrupting in the middle of a response and remain composed without excessive impressions. Great insights indeed. Keeping us in the diaspora in the loop.
The problem of Nigeria in ecowas is that Nigeria is not seen as a reliable country by the other ecowas member states especially the french speaking countries. And we are seing an example of that with the closure of the nigerian border without warning.
Lololol....the Dumbest thing I have Ever heard...it's obvious you don't know what you are talking about....Ghana and Ivory Coast are no 1&2 for Cocoa in the World...Nigeria is an Opec member...Not to mention Gold Diamonds Bauxite....why do you think France is Clinging on???...or I 4got to mention all the Uranium in Niger and Mali....if ECOWAS gets their house in order it will be an Economic Powerhouse. ..
All the hypothetical analysis of what might be is a load of nonsense. Africa will never be free if we have this continued double-talking. Who is Bismarck?
You guys don't know what you are talking about. Please do better research on this issue. Simple, Nigeria doesn't know what to do. It can't manage your economic. Big for nothing.
@@derickemmy997 my family is well fed. You have a failure country on hand. Tribalism tension, religious killings terrorism, fraudsters, thiefs and scammers are your characteristics of your country. And there are no end. You should be concerned greatly and that's the reason for your people seeking refuge all over the world. See your life. Big for nothing.
Everyone have choice. The Ghanaian government did not take time to study and make sure that the currency is not printed and control by the French government because of their choice they put Nigeria in the red line to make a difficult choice you can never trust the French government.
My Special salute🤚🤚 from Gambia to 9ija the most wisest and powerful people on the planet all Nigeria needs today is good governance I'm sure Nigeria will never accept this kind of rubbish I swear to God I'm a Gambian but everytime I ask myself if Nigeria could stand up today Africa will be the most powerful continent in the world may God bless 9ija and bless Africa ✊🏿🌍
France is trying to trick Nigeria and Ghana into the financial "slavery " francophone countries are going through... Many francophone economists and activists are not satisfied with the cosmetic changes... and they vowed to continue the fight for economic freedom from France and they are warning Nigeria and Ghana not to join yet... In this article from Financial Times: www.ft.com/content/8894ad6e-2650-11ea-9a4f-963f0ec7e134 you can read: "France will nominate an “independent” representative to the regional central bank and will monitor reserves daily"
The francophone countries are CLEARLY not serious about economic independence yet. Without Nigeria, the eco is no more relevant than the CFA. No Nigeria, No Party! Opening Nigeria to French exploitation like the francophone countries is too high a price to pay for regional economic integration IMO. These countries have to decide if the fear of Nigerian economic dominance of the region is more scary than perpetual subjugation by the French.
Exactly. I totally agree. The Eco is potentially weaker than the CFA since it is not backed by France. The only difference is that Ghana has committed itself to French intrigue. GoodLuck to them.
@@je9625 Exactly! Ghana must ensure REAL changes are made with the Eco or it becomes vulnerable to France. The political elites of these CFA countries are more loyal to France than the rest of West Africa anyway
Not true. Like the AFCFTA, by the time Nigeria joins, they won't be part of making the rules, the rules would have been made for them. Nigeria would benefit most from a single currency & had they championed and adopted the original ECO this wouldn't be the situation. The EURO worked alright without the big economy of UK. The CFA worked without the big economies of Nigeria & Ghana. The ECO will work with Ivory Coast setting the rules without Ghana & Nigeria. It just wouldn't be what was envisioned. In fact all 14 members except Nigeria can make it work if they so desire as long as they stay disciplined and no one pulls a Greece on them. Honestly Nigeria is very far from meeting the conditions, so them adopting it is very far into the future hence the decision to go without them. It was originally the Anglophone West Africa starting and francophone joining. Instead francophone has started it and Anglophone are standing outside looking in, feeling left out. Macron really pulled a fast one on them.
@@NanaBaah I largely agree with you. Nigeria has the most to gain but sacrificed the leadership to Ivory Coast. Nigeria is far from ready and posses a big risk to the rest of the countries due to a volatile economy. As things stand most of these countries cannot meet the conditions anyway. The Eco without Ghana/Nigeria with the continued French involvement is toothless and does not provide the competitive gains envisioned. Can you honestly say ''this'' Eco gives true economic independence to the Francophone countries? And why would Ghana adapt a currency still guaranteed by France and vulnerable to French interest in a way it previously wasn't? France is still the elephant in the room and unlike the Euro there is no risk of interference from former colonial powers. The Euro might not have had the UK but they had Germany and France which are the largest economies in Europe and bedrock of the currency. Macron's divide and conquer seems to be working.
Funmi Sotuminu but how about the rant of the Benin president talking about them moving their treasures from the French as in the whole of the Francophone doing so.. is history now swept 🧹 under carpet.,?
When Nigeria solves its electrical problems, manufacturing problems ie making its own cars, trucks etc, computers, cell phones, laptops etc making its own agricultural equipment etc etc. And then develop all of its needed industries the Nigerian economy will grow to equal india then japan and China. Ghana, Sierra Leone and Liberia must follow Nigeria's lead.
Mr Rewane is singing like them! Our solution is clear....Nigeria and Ghana must take Control of the ECO..Print the ECO and peg it to African Gold...and tell the World that Africa is For Africans ...and we value our Sovereignty......We have investors like Dangote to move Africa forward.......Wake up my People
And if you think Nigeria alone is economically powerful and sufficient, think again. Lybia was very rich country but see where it is today. We must be united and always talk about what will unite us. Let’ s not talk like the colonial power. But let ‘s talk like the true Africans who are eager to give and to sacrifice for the unity of our own good Thanks
@@ominiekwe7241 what will control do with a market value. If the country in question got weak investment in technology, weak religious mind, and still controlled by the colonial masters? Libya was attacked because they were getting more advanced in science and technology.... the planet is still shifting and transferring her consourceness to the planet.... I am now on mental physical
Also, remember: RFI (is French International Radio)...writing this after 50 years: How France armed Biafra's bid to break from Nigeria: www.rfi.fr/en/africa/20170525-how-france-armed-biafras-bid-break-nigeria
The fundamental issue with this discuss is that the economic policies of floating the ECO will be marred by foreign influence if the Anglophone speaking regions of the Ecowas do not create a formidable and strong trading bloc with their Francophone counterparts and force the ECO to be align with other strong currencies of the world. This means integrated free trade agreements, equal pricing of goods and services across the region, export guarantee of all products from the region to during external trade and finally the strategic harmonisation of the single western african currency with the future Single African currency.
@rdokoye my brother France has put war in Congo that can't stop so that the can steal all the want so please don't mention them I know the have more resources than Nigeria but look at what is happening there war after war
All them old African and Nigerian so-called leaders of the last five decades needs to step down, with their foolish thinking and stop the corruption, that’s the problem, all that oxygen rubbish analogy shut up!!!
We Ghanaians don't have anything against Nigerians, we are all seeking for the best. The border closure cannot last for so long but the eco could last long so that is what we have to think about.
It's a big disappointment for the government to accept quickly to join it instead of having a sit-down meeting with Nigeria to find out what will be the best interest for both States . Is never a wise idea to allow a different country that have history of colonizing people to print and control your money I'm surprised the Ghanaian government allow this.
I thought Ghana was wiser Ask yourself this questions Where will Eco be printed?? in France The currency is pegged to 💶 A country cannot have monitory policy when it doesn't control it's currency. The Eco today isn't the same Eco of the ECOWAS Be very careful
@@Kingsspeaks I know it's really tough for the average Nigerian to understand this. Ghana is a panafricanist by birth. It is pro-african emancipation. It will always jump to any scheme, system that it can sense will support african peoples, even if its own people do not directly benefit in the short term. It's a value system we're brought up with since our founding president, Nkrumah - who founded the OAU/AU - when Ghana was not even able to support the Union of Africa yet. But slowly it helped show the rest of the continent how to break free from the colonial shackles. Today, it now host the new African Free Trade Area idea that is set to change the game for continental trade and the first to ratify it too. The reason why the current administration quickly moved to announce its support for Ivory Coast's leadership on the Eco is to absolutely show solidarity quickly to Ivory Coast in the face of France and the rest of Africa and the world, that the decision is GOOD in principle and that Ghana WILL also join it to support the principle. Ghana understands, perhaps more than others, that independence and union building is a process. It knows that the Francophone countries can't just be cut-off from France in one stroke. And that we can together, as more join, cut-off France in the medium term as we build our own reserves and the west african monetary zone. I won't be surprised that Ghana & Ivory Coast talked and planned this announcement and show of solidarity ahead. We feel very close to Ivory Coast and are aligning our economies since Nana Addo met with Quattara - from cocoa to finance. You say Ghana's government should have consulted with Nigeria first but can't see that Ghana now sees Nigeria as not as significant with your stance on border closures, etc when trade was at its peek between Ghana and Nigeria - Nigeria didn't even as alert the second largest economy in ecowas when it took its action. Personally, I think Nigeria should care less about itself and it sustaining its own economy first but see that the quicker we could break down these artificial barriers and trade more with eachother, the quicker ALL of Africa will benefit more and lift more african populations out of poverty, including Nigeria. Nigeria should see Africa as what will help it more this century and not British Shell or any other neo-cololonist. Romanticizing for an economic union for decades and still procrastinating when opportunities come your way, shows you don't really get it or know how to get there. This is generally how Ghana sees Africa and the African diaspora. It thinks of itself less.
@@dan.S5050 I'm glad you're mentioning the original founders of the African Union the spirit and the determination of those people cannot be compared to present people of Ghana at this moment in time he's totally disrespectful comparing those to people now. A few years ago the Ghana government signed an agreement to put US military base in Ghana Kwame nkrumah will never allow that to happen, you still talk shameful that the present leaders of Ghana allowing French government and American government to dictate their policy.
We still don't realise our power and are trying to use western economics in an African market. A currency has no real value. Example, the dollar has no real value but derives its value from oil (petrodollar), that is why america will distabilises any oil producing country that doesn't conform to the "American Interest". Same can be said for British pound. Hence, the value of the ECO should be pegged to the resources of West Africa, ie: OIL, Gold, Diamond, e.t.c. That means any company that trades in exportation within the region will have to trade with the ECO at a pegged price. That also means West Africa needs to control its resource being mined, thereby controlling the market price. hence controlling a fraction of the world market. Pegging the ECO to the EURO is "stupid" considering the EURO is also another currency with no true value
Our leaders should be critical on the issue of Eco. The unity and success of African continent would substantially depend on every single step they take today in terms of policy making and implementation. Let us always remember that Europe is still in war with our Africa Continent by involving us in the implementation of their policy. Any policy from Europe can mostly favour Europe and NOT Africa. Africa should wake up and do everything that can help Africa. Eco has come to recolonize Africa. Counties that have welcomed Eco as a good news should look at it again. Congratulations to countries that have not accepted Eco.
Mr Rewane certainly displayed a remarkable brilliant analytical and agile mind. However, I was most struck by one example he harped on consistently, and which resonates most powerfully with me. The analogy of the oxygen mask in an airplane in times of turbulence. You must, first of all, fit your oxygen mask properly and rest assured that you are safe, before attempting to help another person, when in an aircraft facing turbulent situation. Even if it’s your most loving son. Overcome unnecessary emotions. Rational decision must be the overriding factor to succeed in a turbulent environment. He maintains continuously, that must be the path Nigeria should thread, which is thoroughly consistent with my own personal thinking and conclusions. As a country we have to put our house seriously in order first, before adopting any economic policy framed by France or jumping into the fray to compete or helping others. Yes, framed by France! Because, ultimately, France is the invincible hand - puppeteer or mastermind - behind the arrangement and pronouncement. The voice of Jacob, but the hand of Esau! Nobody may want to be upfront about it, but France stands to gain immensely from all of this, as they’ve always done with their Fracophone appendages. The more reason Nigeria must take her time and be very careful to study every line of the proposal with a fine-tooth comb. And I slightly differ with Rewane’s position on the main beneficiaries of the economic well-being or for that matter, potential prosperity, of the west African subregion. I’d rather it’s the smaller west African countries than Nigeria. Especially if we can put our house in order and manage our economy more efficiently. With all due respect, imagine a Togolese economy that can hardly muster a national consumer base of less than one million customers, gaining access to a potential Nigerian market of over one hundred million customers. The outcome would obviously speak for itself! Ditto for almost all other countries in the west African subregion. So, the Nigerian economy, if efficiently managed and when in full throttle, could easily be compared to the American or modern Chinese economy, in the future. It’s potentially huge and would be very inviting if it’s consumers attain a commensurate hefty purchasing power. And investors will do anything to gain access, if we eventually know what we have on our hands and how to manage it efficiently in the future. This doesn’t mean I contest the fact that Nigeria will not equally gain, especially per economies of scale, to a larger market through the expansion that’ll materialise from a common currency establishment, as Mr Rawane asserted. But just a different take than his. Overall, Mr Rawane exhibited a fine nimble mind. Kudos!
You are very right about the beneficiaries. As you've rightly said, at present I don't think Nigeria is the beneficiary. I appreciate Rewane. He has spoken really. In his examples, he said Nigeria will benefit more, he referred to Dangote, Banks. Those benefits will not properly trickle down, it will only make a few Nigerians richer. Yes, those big guys will create more jobs if they have access to other African countries but their selfish Capitalist minds will influence many decisions. Until our small scale businesses can benefit from this, Nigeria should not be involved in it. If our small scale businesses can easily access loans, skills, facilities, infrastructures, it will boost their abilities to expand sales to Togo,Benin,Ghana,etc. That will trickle down faster on our economy than Dangote, Globacom, UBA.
As a Nigerian I have to say this...as long as we keep electing president who's not knowledgeable about how an economy should be run, putting in the right mechanism & policies we will remain in a static as a nation. We have economic experts & policy shapers but mediocrity is killing us as a nation.
I don’t understand why some black peoples have such bad self-esteem. If your currency is PEG to someone else’s, their goes your control over your Currency.
In discussing economics and the french colonied one should never seperate the eonomic dependence of France on the ruthless exploitstion of it's french colonied. This must be the central point of conversation to determine the most decisive way of stopping the continuation of the plantation owner of people and resources. By having a discussion of French involvement in Africa as if it iis a rational affair will reach no rational conclusion. You all are dealing with METHODS OF MADNESS of both leaders of these colonies which they really are and France. And all African leaders who sta d by and allow Africa to be so internationally ridiculed should also be considered as iinsane.
@Diaspora Afrikan Renaissance Channel - Why? answer:Mentacide ,see Dr Bobby Wright or Professor Amos N Wilson for details, RIP / title: Change Your Consciousness / ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE--_5qR8p3bE0.html
The English speaking Nations must reject France, continue to grow their economies and population together in a synergistic way as well as continue to link and grow politically, legally, militarily and trade wise with the so called francophone Africa Nations. The strength of the close proximity to Nigeria, Ghana, Sierra Leone, and Liberia and liberated former french colonies will pressure these former colonies to form a TRUE African currency.
i am not sure that the issue is that of currency convertibility. a regional currency is about promoting intra-regional and intra-african trade and cohesion. France has jumped in the fray and STOLEN a half-done job through her puddles in West Africa. we haven't even spoken about the risks involved in currency unions. France has buckled many of these colonial states. i see that their inflation is an average of 1%, which, for small developing economies, is a disincentive to production. This may mean that those countries are still dependent on France for most of their needs. Nigeria should first stress France for the theft, and remain out of this now-bastardised Eco by every means. Go back to run your economy well and make your currency strong. What has the guarantee of France to CFA done for those countries? Even though i dont think we should denigrate them. How can Bismarck say Togo economy is less than Festac? what is in Festac anyway?
Bismarck is all over the place. One minute Nigeria is not ready for the Eco and the next minute we are the largest economy?? You are contradicting yourself a lot that i'm not sure you know what you are talking about.
Our penny will not be deposited in French treasury. Let the other french speaking west Africa contries go ahead and remain enslaved to france. The people i pitty on earth all are french colonies in Africa, they are not allow to drink water without france permission...
The whole Western Africans countries should use Eco but should not be any interference of the western Europe. Ghana, Nigeria, ivory cost Senegal,Mali,Guinea Conakry,Cameron and Burkina Faso,Benin and Togo should stand strong for Eco in west Africa. No France.
The woman who is the co anchor of this segment is extremely irritating. She has not been trained well. You do not act as though you are having a private conversation with someone, where you can express yourself, be intrusive, and complete the person’s sentences when you are on camera. Many of the people on Arise news where not actually trained as journalists, but were put in front of the camera for various reasons.
An entire nation brutally enslaved and no one talks about it, France leaving Arabs coming as our new Masters, with the bilateral agreement made with the Arabs country's, we are the largest economy in Africa and still talk about Investors, without infrastructural development, the nation needs accelerate economic development, as economic growth alone is not enough.
There are interested in fragmenting Africa and becoming weaken. Why do countries fighting to expand and unite? It's to pool resources, industrialize and strengthen it self.
Nigeria have no excuse in this west African Eco,what we want Nigeria,Ghana,Senegal,ivory cost,Mali,Cameron,Niger etc.have to take over and make sure no more interference from the European. European did it when they want their Euro even Russia,China and America never involved. Why when it come to Africa we Africans always like looking else were.
I don’t understand why people in the comment sections are attacking Nigeria. Lol, Nigeria knows it’s flaws and understands that it is in no position economically to just rush into this ECO without proper considerations, yet people are bashing Nigeria for not acting rash, but then if Nigeria joins now and acts rashly and the whole thing fails Africans will start shouting, that African leaders don’t know how to run the country , abeg what do you guys want from them, I was pretty impressed that Nigerian leaders weren’t just going to go along with it and act out of instinct.
Exactly. Any monetary union in West Africa will end up having Nigeria dominating the smaller countries. Nigeria will be like Germany, you can make good money off of your neighbors, however you will pay for the weaker ones just like Germany pays for Greece, Italy and Spain. The most important thing is that a monetary union is done with the consent of all WITHOUT France. Don't give your wallet to the devil.
@@003mohamud Well noted....Germany Dominates the EU bcos She has the Strongest Economy. ..so why France has a problem with Nigeria Dominating Ecowas is beyond me....which of the Francophone economy countries can you compare to Nigeria's? ??...Togo?...Burkina Faso?? Senegal???....France should just Clear Off!!!
They are one of the smartest nation of people I know intellectually they I am sure know what they are up against so we need to as outsiders watch and learn whilst giving them our blessings on their journey to full independence resist the temptation to criticise they have to do what they have to do trust them and embrace them with brotherly/sisterly love for their victory will be all ours to celebrate
y’all should understand how the EURO has started back in 1975...there was a money first called ECU...before the EURO...it was more of a basket of all europeans devises designed to become the EURO...The ECU never became a physical money. to understand that this ECO is not a real money...but a first step to the one united african money : the AFRO, the problem is that the french african country have their money produced in france...with all the neo colonialist tricks that relay to that.
In other words the Nigerian government is a complete failure if you say Nigerian cannot even manage itself. Talk less of adding the rest of west Africa..I am ashamed for Nigeria.
@david soul...get the facts right b4 U jump into baseless conclusions about Nigeria. This issue on the Eco is a very critical one that demands comprehensive insights devoid of enotions so as not to fall into a form of 21st Century Economic Slavery. That's if you get my point nah!!
And don't forget: RFI (is French International Radio)...writing this after 50 years: How France armed Biafra's bid to break from Nigeria: www.rfi.fr/en/africa/20170525-how-france-armed-biafras-bid-break-nigeria
@Tee Rice Yes...I want a maximum of Nigerians here to get and spread the message...This is a serious warning to Nigeria...Nigeria should be very careful with everything they do that involve France...Many francophone countries envy anglophone countries...They are trying for years to break free from France and its FCFA currency....Many of their leaders were killed because of that...
It means they have a lot of influence, but sadly though they do absolutely nothing with it. I mean it's like having a giant dog in your house, but when the burglars break in it just hides in the corner.
Bismarck Rewane, I have a question for you? How do you measure the economic performance of a country. Example: Nigeria: Rate of INFLATION, is one of the measurements. The rate if inflation according to you is 12%. If the rate of inflation in the USA is 12%, Trump, will not be running for re-election. Why is buhari, still your president?
