Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,473 members, 7,816,118 topics. Date: Friday, 03 May 2024 at 05:28 AM

Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO (32573 Views)

Naira To Cfa Franc Exchange Rate Now Very Terrible / Medina Vs Jerusalem — Religious Tension Brews Over Renaming Of Oyo Community / June 12: Tinubu, Fayemi Rejected Renaming Of UNILAG After Abiola (Throwback) (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by FriendNG: 12:24am On Jan 17, 2020

The condemnation was issued at the end of a West African Monetary Zone meeting of ministers of finance and governors of central banks on Thursday in Abuja.

Nigeria and five other English-speaking West African countries have condemned the decision of their French-speaking neighbours to rename the CFA Franc as ECO.

The condemnation was issued at the end of a West African Monetary Zone meeting of ministers of finance and governors of central banks on Thursday in Abuja.

The countries that participated in the meeting are Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone.

The statement reads, “WAMZ Convergence Council wishes to emphasise that this action is inconsistent with the decision of the Authority of the Heads of State and Government of ECOWAS for the adoption of the ECO as the name of an independent ECOWAS single currency

“WAMZ Convergence Council wishes to reiterate the need for all ECOWAS member countries to implement the decision of the Authority of the Heads of State and Government towards the implementation of the revised roadmap of the ECOWAS single currency programme.

“WAMZ Convergence Council would be recommending an extraordinary summit of the Authority of the Heads of State and Government of the WAMZ member states will be convened soon to discuss this matter and other related issues."
http://saharareporters.com/2020/01/16/nigeria-five-other-west-african-countries-condemn-renaming-cfa-franc-eco?fbclid=IwAR2gTq1cj_d4yPH7gJ5LkRbNmJMkp2TyFZ40fcsxfdYXKVkoTUSwHmx1VNI

5 Likes

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Susu888(m): 5:50am On Jan 17, 2020
Abeg we really shouldn't be expecting much from most of these countries, they are still pawns controlled by their colonizers(France).

131 Likes 9 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by whytediamond(m): 6:23am On Jan 17, 2020
All these bullcrap about naming and renaming is not the solution to the underlying problem messing up Africa.

Currency renaming has nothing to do with the economic growth or development of a continent.

Getting to work or simply borrowing and implementing the templates used by countries that were in our position many decades ago but are now thriving is the only way forward.

It's a massive project but it's achievable. Other countries did it and came good. Why can't we face these challenges head on.

Imagine talking about naming and renaming of currency at this time. Africa na wah.

44 Likes 9 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by aylive02(m): 6:24am On Jan 17, 2020
Corrupt Nations

2 Likes

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by brainpulse: 6:24am On Jan 17, 2020
Where are the nuisance that condemned Nigeria for not rushing to support the ECo single currency initiated by France for West Africa
The pseudo economics dont know that the introduction was to undermine the economy of Nigeria and they are very dumb to realise that even when Ghana jumped into accepting, Nigeria took its time to review it.

131 Likes 10 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by OakConsultNG: 6:24am On Jan 17, 2020
Okay..

Meanwhile, register your Business, Church and Company with the CAC at discounted prices. Check our signature and page for more details.

Offer lasts for a limited period only.

2 Likes 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by feldido(m): 6:26am On Jan 17, 2020
Let them just use WAS as an alternative since ECO has been used

21 Likes 2 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by mubzynani: 6:26am On Jan 17, 2020
Nigeria should learn from UK.
They have been fighting for Btexit to enable them stabilize thier economy.
This single currency isn't the right call because if a member State's economy is not yielding it affects all member State

16 Likes 3 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Ebukawaylaid(m): 6:26am On Jan 17, 2020
Td
Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by calberian: 6:27am On Jan 17, 2020
Las las, the whole world will have one currency.

9 Likes 2 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by MrPresident1: 6:27am On Jan 17, 2020
angry
Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by RedBlackPepper: 6:28am On Jan 17, 2020
Left to me; there are several names ECOWAS can use outside ECO, let the francophone countries keep changing like chameleons. A name like COWAS even sounds more cool to me.

19 Likes 3 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by ADAMUdaCOWBOY: 6:29am On Jan 17, 2020
I thought Ghana wanted to accept Eco. So they rejected it because Nigeria rejected it. grin grin . Naija na big brother, no contention!

59 Likes 5 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by hemucology(m): 6:29am On Jan 17, 2020
Nigeria my country
Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Resrguru: 6:29am On Jan 17, 2020
West Africa interest should be on how to curb corruption

Meanwhile researchers should investigate the impact of the currency change on the West African economy.

Check signature for research grant

1 Like

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Abfinest007(m): 6:30am On Jan 17, 2020
they are still sucking france balls

4 Likes 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Lickpreeq(m): 6:31am On Jan 17, 2020
Biafra currency
iPod pigs
Afonja grin

1 Like

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Glycosunde: 6:32am On Jan 17, 2020
France nor dey ever gree say make u dey independent to them. To them na slave u b forever,hijacking anything wey go liberate d Francophone countries but make dem thank God say nor b dem colonize Nigeria bcus Nigeria for don show dem pepper. These francophone countries b like who nor get sense

54 Likes 4 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by frankmoney(m): 6:34am On Jan 17, 2020
Great move.... The parasitic French government must be resisted

18 Likes 2 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by TEYA: 6:34am On Jan 17, 2020
Copy copy Ghana . They only rejected Eco because we rejected it. grin

4 Likes 3 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by azikiweironsi(m): 6:34am On Jan 17, 2020
I thought Ghana was in support of ECO. While some haters rushed to the social media blaming government for studying the policy.

18 Likes 2 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by yomalex(m): 6:34am On Jan 17, 2020
na so
Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by azikiweironsi(m): 6:36am On Jan 17, 2020
I thought Ghana was in support of ECO. While some haters rushed to the social media blaming government for not taking the same decision as Ghana.

7 Likes 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Demurkelly: 6:36am On Jan 17, 2020
I honestly don't think renaming franc to Eco will in anyway affect our economy. We should strategize on how to fix our present state in this country than rambling Eco and franc

4 Likes 3 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by skkslar: 6:37am On Jan 17, 2020
Who cares currency when Africa is in darkness

1 Like 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Prechy08(m): 6:38am On Jan 17, 2020
these anglophones have showed they are smart, France hijacked the ECO thing to colonize the whole of West Africa.
Smarter Nigeria saw this coming and pulled out with it's other sisters.
with France there is no independence

51 Likes 3 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by loadedvibes: 6:38am On Jan 17, 2020
Nigeria when never solve her problems finish still dey talk for another country own

1 Like

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by IloveToMess: 6:39am On Jan 17, 2020
RedBlackPepper:
Left to me; there are several names ECOWAS can use outside ECO, let the francophone countries keep changing like chameleons. A name like COWAS even sounds more cool to me.

The name is not the problem but renaming their already existing franc to Eco is the problem here..

6 Likes

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by devigblegble: 6:40am On Jan 17, 2020
I just can’t stand that fuck1nG French people , very useless set of people like they keep kissing the French a55, Allassane ouattara of Ivory Coast your FATHER na thunder go fire his whole generation

23 Likes 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by Nobody: 6:41am On Jan 17, 2020
Nigeria can never buy that idea from France and France knows that.Other countries can follow the idea and buy it but not we.

We can't be tied twice & be oppressed... No way!

11 Likes 1 Share

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by AtomElect: 6:42am On Jan 17, 2020
RedBlackPepper:
Left to me; there are several names ECOWAS can use outside ECO, let the francophone countries keep changing like chameleons. A name like COWAS even sounds more cool to me.
Any name that has COW in it is a no no.

34 Likes 6 Shares

Re: Nigeria, 5 Other West African Countries Condemn Renaming Of CFA Franc To ECO by zolajpower: 6:43am On Jan 17, 2020
Good one from the 6 English speaking countries

5 Likes 2 Shares

(1) (2) (3) (4) (Reply)

Peter Obi Arrves Osun For Labor Party Presidential Campaign Rally / Jonathan’s Transition Committee Begins Sitting / How President Buhari Was Received In Kenya (photo)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.