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NACCIMA Proposes Naira For ECOWAS Single Currency - Business (5) - Nairaland

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ECOWAS To Implement Common Currency In West Africa – Official / NACCIMA Proposes Naira For ECOWAS Single Currency / Ecowas To Introduce Single Currency By 2020 – Ekweremadu (2) (3) (4)

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Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Infamous(m): 12:46pm On Aug 18, 2014
pelvicky: Tank God ooo,,,
if our currency will be valued,we must remove the #1000 note,,,nd #500 shd be d highest denominatn

Nigeria is the giant of africa,,,they must agree
its even too high. It should be 100 naira as our highest denomination just like in the US. #Adaptthegood #leavethebad
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by daveP(m): 1:08pm On Aug 18, 2014
iamord:

Do u embark on stuffs like this without seeking your brothers consent?
pls enumerate further. I have two ways im looking@ ur question.....
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by sddddjja: 1:19pm On Aug 18, 2014
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 1:39pm On Aug 18, 2014
1stola:
mumu!
How is Ghana economy stronger than Nigeria's
shameless people.
Did you people earn that rate? 1 $ = 3 cedi
After removing 3 (000) from your initial useless money.

no you re the fool, what u read was a sarcastic statement made by someone who claimed he is educated. thats why i put it in quote.
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 1:40pm On Aug 18, 2014
solara:


I believe U are the Illiterate. With the bolded U mean Ghanian economy is also stronger than Japanese economy because 1 CEDI = 28.28 Japanese Yen.

ewu!!!

that was a sarcastic statement. did you see quote?

go back to nursery school

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 1:41pm On Aug 18, 2014
Tunjasko:

it z NONSENSE cos dere z no way Ghana Nd their folks would agree

then i will take ghana out
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Tunjasko(m): 1:47pm On Aug 18, 2014
donnypool:

then i will take ghana out

hw would u take Ghana out....dey are part of ECOWAS
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 1:50pm On Aug 18, 2014
Tunjasko:

hw would u take Ghana out....dey are part of ECOWAS

military action just like

russia vs ukraine
USA vs iraq, lybia, syria etc
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by webizone(m): 1:52pm On Aug 18, 2014
slightlyMad:

seun needs to ban users like this before they start increasing in numbers.
they are making the site look trashy

Scornful females that makes the world a painfully complicated place, everyone deserves a chance to be heard.
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 1:59pm On Aug 18, 2014
Nigeria.. Fast Growth with little Development. no wonder boyz are not smiling.
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 2:34pm On Aug 18, 2014
Rexxie:
apart from the francophone's cfas,which other african country's currency has lesser value than the naira? Are you saying countries like ghana,sudan,s.sudan,angola,old time zimbabwe,gambia,....thrive more and better in the manufacturing industry and export sector more than you guys do in nigeria? Truth is nigeria,like china, has no reasons whatsoever,economically,to have,till now,a devalued currency.
The gambian dalasi seems the strongest in w/africa and should be given top priority..am sorry but seriosly,naccima mustnt pollute the hub with their 'model' naira.
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 2:59pm On Aug 18, 2014
donnypool:

military action just like

russia vs ukraine
USA vs iraq, lybia, syria etc

Funny guy.. U feel being in power makes everything possible.. You watch too much cartoon and hollywood movies..wake up.. There is already eco Money on the line. Forget about this plan cos its going no where

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 3:01pm On Aug 18, 2014
daveP: pls enumerate further. I have two ways im looking@ ur question.....

From. The way u put your post.. Its Like all other west african countries are irrelevant to u.. So u just go ahead and. Implement it whether they like or not . Of which they will not cos. There is alredy eco money on the pipe..why derail it for cos of some peoples personal gain. Its immature for the people that. Thought of this idea to even suuggest such
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 3:04pm On Aug 18, 2014
iamord:

Funny guy.. U feel being in power makes everything possible.. You watch too much cartoon and hollywood movies..wake up.. There is already eco Money on the line. Forget about this plan cos its going no where

ok when i become president we will see
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 3:09pm On Aug 18, 2014
donnypool:

ok when i become president we will see

With this your thinking.. U won't even reach local gov chairman b4 they kill u
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 3:17pm On Aug 18, 2014
iamord:

With this your thinking.. U won't even reach local gov chairman b4 they kill u

lmao kill me? if i am going into nigerian politics, before i even start contesting i would ve used my underground sniper to make public movement difficult for those criminal

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by fairheven: 3:17pm On Aug 18, 2014
Adindupeter: "Nigerian currency for over 30 years. In 1980 what
was the exchange rate? It was between 50 and 60
kobo to the U.S. Dollar. When SAP was introduced
it was N4.2 to a dollar in 1986".

Look what our past leaders (Northern Generals) did to my beloved country. And a general from the 80's want to rule us again. I don't like the idea of devaluing currency but do it if it's necessary..

Mention one currency that has not depreciated since 1986?

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 3:20pm On Aug 18, 2014
donnypool:

lmao kill me? if i am going into nigerian politics, before i even start contesting i would ve used my underground sniper to make public movement difficult for those criminal

Hehehe! I feel u..when that happens u won't need water to wash face to let u know u r in the real world. Good luck on your. Escapades
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 3:52pm On Aug 18, 2014
For this proposal to work, trade and monetary policies across the ECOWAS region would have to be harmonized.

It would be interesting if Southern, Eastern, Central, West and North Africa each have their own regional currencies. That would make intra-African trade much easier.
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Lamasta(m): 4:07pm On Aug 18, 2014
Let's wait and see
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by slightlyMad(f): 4:14pm On Aug 18, 2014
webizone:

Scornful females that makes the world a painfully complicated place, everyone deserves a chance to be heard.

Stingy IT consultant or should i say broke arsse photoshop cut and paste artist
your mates are buying ad spaces, you are here messing up the site with you ugly ads
your very own banner ad needs help from a professional artist sef
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by solara: 4:40pm On Aug 18, 2014
donnypool:

that was a sarcastic statement. did you see quote?

I need to go back to nursery school

Mr. Know it all


Ewu!!!
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 5:20pm On Aug 18, 2014
solara:

Mr. Know it all


Ewu!!!

son of a miserable goat
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by solara: 5:23pm On Aug 18, 2014
donnypool:

I am the son of a miserable goat

shocked Stay away from drugs boy!!!
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 5:49pm On Aug 18, 2014
solara:

My daddy is a goat and i am his son


i know he is
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by DobleO7: 5:57pm On Aug 18, 2014
raumdeuter:

What was the exchange rate when PDP took over governance in 1999 and what is it now?

What was the pump price of Petrol when PDP took over governance in 1999, what is it now?


You must be obsessed with PDP...Wallahi
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by tomiobj(m): 5:58pm On Aug 18, 2014
CFCfan: The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) arm of the Organised Private Sector (OPS) has called for the adoption of Nigeria's "Naira" as the single currency for ECOWAS sub region.

NACCIMA said that for this to happen, first, the Naira should be revalued for it to be at par with the American dollar as it was in the 80s.

In a chat with Vanguard, John Isemede, NACCIMA Director General, pointed out that the much talked about economic integration has been elusive for years because the requirements for the convergence can't be met by the participating countries.

He argued for instance, "our import cultures have not allowed economic integration and taking orders from other people to run our own country. Again, how can we achieve the economic bloc? We are talking of the Common External Tariff which will take off next year; we are a sub region and not a custom union. For us to be a custom union, incentives, VAT, import duties, tariff and non-tariff must be the same thing.

Today, VAT in Nigeria is 5 percent, Benin Republic 20 percent; Ghana 17 percent and if we now have all these, why will the borders not be porous and smuggling not be booming because there is a big advantage of routing your goods through Nigeria at 5 percent. How can we achieve free movement of goods with the differences in VAT.? "

In view of this, he said "If we can develop our economy internally like what happened in the 80s, today the naira can become ECOWAS single currency. I can give you the exchange rates of the Nigerian currency for over 30 years. In 1980 what was the exchange rate? It was between 50 and 60 kobo to the U.S. Dollar. When SAP was introduced it was N4.2 to a dollar in 1986.

"So all we have to do is to work on our own Naira because in the past, people were traveling with the Naira to abroad because the Naira was more or less the single currency in West Africa. If the value of the naira today is N50 to the US$, a lot of experts in America would come back to Nigeria because the value of the currency. If you are mighty, other economies will run after you," he said.

According to him, Ghana Cedis and the CFA may not qualify for the single currency because they are overvalued and have been depreciating for almost 20 years; how can they meet the convergence?

"In fact, we cannot wait for this people because there can never be a convergence. It can't work. The CFA today is a member of the Euro because when France decided to surrender the French franc to Euro the CFA automatically became Euro; if you are doing business with francophone countries if you invoiced your goods in dollars and pounds, they may not pay you because their currency is not tied to dollar and pound. But if you invoice your goods in Euro, you get your money in jiffy because their currency that was once tied to the French franc is now tied to the Euro," he said.
http://odili.net/news/source/2014/aug/15/331.html


Too long tho. Next time shorten your post. If naira is on par wif other currencies. So we would have to start using coins.....very disgusting




But if naira is nigerian and nairaland is nigerian. And they make naira west African. So what does that make nairaland
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by solara: 6:02pm On Aug 18, 2014
donnypool:

Please help I keep bleating

STFU YOU RETARD!!!
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 7:33pm On Aug 18, 2014
solara:

My dad, always fvck my a'ss grin, thats why i love him


lmao fu'cked up family

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by solara: 8:03pm On Aug 18, 2014
donnypool:

Just had sex with my Dad... My ar.se.hole hurts... I'm from a fu'cked up family

Who the hell are U U need a room in Yaba left undecided

1 Like

Re: NACCIMA Proposes Naira For ECOWAS Single Currency by Nobody: 8:07pm On Aug 18, 2014
solara:

Who the hell am i i need a room in Yaba left undecided


you should get there asap
Re: NACCIMA Proposes Naira For ECOWAS Single Currency by iamord(m): 8:49pm On Aug 18, 2014
tomiobj:


Too long tho. Next time shorten your post. If naira is on par wif other currencies. So we would have to start using coins.....very disgusting

Ok


But if naira is nigerian and nairaland is nigerian. And they make naira west African. So what does that make nairaland

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