manitobor: Adopt the naira? I laugh! NACCIMA is just trying to sound patriotic cos everyone knows that the Naira is the most unstable in the region.
Besides the Naira has the ugliest and lowest quality notes in the world. Look at 5, 10, 20, 50, 100 and even 200 Naira notes, so poor in appearance and quality. The polymer notes, most especially, are nothing to write home about.

They better consider the Ghana Cedi.

algorithmz: Nigeria has the potential to be among the developed nations of the world but that potential is under utilized by some vested interest.

omoredia: Front page access for the first time! The world doesn't sleep

Stephen344: I hope this will work out for the best because even some poorest countrie's currencies in the world has more value than naira. For example Jamaica, Haiti, Lesotho etc. Men what a drag. Ghana cedis is 3 to 1$.

manitobor: Adopt the naira? I laugh! NACCIMA is just trying to sound patriotic cos everyone knows that the Naira is the most unstable in the region.

They better consider the Ghana Cedi.

algorithmz: Nigeria has the potential to be among the developed nations of the world but that potential is under utilized by some vested interest.

blink182: Between this thread and mine, which was first published? I thought this news was not frontpage worthy.

https://www.nairaland.com/1858887/naccima-proposes-naira-ecowas-single

360command: arrogant statement! Every country has the potential just like Nigeria.

manitobor: Adopt the naira? I laugh! NACCIMA is just trying to sound patriotic cos everyone knows that the Naira is the most unstable in the region.
Besides the Naira has the ugliest and lowest quality notes in the world. Look at 5, 10, 20, 50, 100 and even 200 Naira notes, so poor in appearance and quality. The polymer notes, most especially, are nothing to write home about.

They better consider the Ghana Cedi.

Kossyne: Firstly, let me correct an impression. The real value of a currency does not lie in the quantity or denomination but in its purchasing power. If #1 can buy a shirt and $3 can buy the same shirt, then #1=$3 (ceteris paribus).

Now, the idea of making our currency strong or @ par with the dollar is a good idea, but as every other thing is done in this country, we are going about it the wrong way.

The first step is knowing how and why our currency got to its current pitiable state. The two major reasons are unfavourable balance of payment and government debt. Currency devaluation cannot be discussed in isolation without its sister "inflation". Solving one entails solving the other.

Stabilizing or salvaging the current state of the naira will not be achieved by using the naira as a uniform currency.


#1. The first step to achieving sustained stability of the currency can be achieved by encouraging exports and reducing over reliance on imported goods ( this will go a long way in reducing the BOP deficit)


,#2. reducing the amount of naira in circulation.

#3. Reducing Capital flight.

#4. Restruction our economy to be production oriented.

Finally, I doubt if this proposal will see the light of the day cause some top politicians who stashed millions of dollars away in foreign account will be on the losing side.

BedLam: I beg o! Them wan spoil market for yahoo boys

Stephen344: I hope this will work out for the best because even some poorest countrie's currencies in the world has more value than naira. For example Jamaica, Haiti, Lesotho etc. Men what a drag. Ghana cedis is 3 to 1$.

Kossyne: Firstly, let me correct an impression. The real value of a currency does not lie in the quantity or denomination but in its purchasing power. If #1 can buy a shirt and $3 can buy the same shirt, then #1=$3 (ceteris paribus).

Now, the idea of making our currency strong or @ par with the dollar is a good idea, but as every other thing is done in this country, we are going about it the wrong way.

The first step is knowing how and why our currency got to its current pitiable state. The two major reasons are unfavourable balance of payment and government debt. Currency devaluation cannot be discussed in isolation without its sister "inflation". Solving one entails solving the other.

Stabilizing or salvaging the current state of the naira will not be achieved by using the naira as a uniform currency.


#1. The first step to achieving sustained stability of the currency can be achieved by encouraging exports and reducing over reliance on imported goods ( this will go a long way in reducing the BOP deficit)


,#2. reducing the amount of naira in circulation.

#3. Reducing Capital flight.

#4. Restruction our economy to be production oriented.

Finally, I doubt if this proposal will see the light of the day cause some top politicians who stashed millions of dollars away in foreign account will be on the losing side.

Tonylyte:
Who is ghana to oppose naija? U dont knw who u are bro, wake up oh ye sleeping giant..ya cntry is the first and the only cntry in the world to liberate another country and restored total peace till date.

daveP: Thats the last thing some 'powers' would want to hear. If west Africa agrees, the French speaking countries would have problems from their oga @ the top. Its a good idea. Tired of seeing 2000+ trailers just stationary @ seme border cos of some tariffs.

Harrybanty: I don't think Naira should be used, they should use a new joint currency. You expect Ghana to give up their currency? Or the [size=80pt]illetrates [/size]of Liberia? They would say Nigeria also brought Ebola.

CFCfan: ^^
The key way to strengthen the Naira is for the manufacturing/export sector in West Africa to be competitive with other regions in the world.

greatgod2012: If it'll increase the value of our currency, then, i'm in support of it.

donnypool: so many illiterate in nigeria.

typical nigerian graduate. "Ghanian economy is stronger than Nigeria's because 1$=3 CEDI"

educational system has failed us