post=79880676:
Nigeria, whose oil-dependent economy accounts for two-thirds of the region's GDP, would likely dominate a future monetary zone and has so far been sceptical about its benefits.

Economists compare the "Nigeria factor" to Germany's dominance in the eurozone, questioning whether sometimes disparate economies with varying levels of debt and deficits can successfully share the same currency.

The multi-year eurozone debt crisis, was proof that single currencies -- when badly implemented -- can have a catastrophic economic impact.

West African single currency should not necessarily be the top priority.

[color=#006600][/color] view on this : You should first improve the implementation of existing ECOWAS trading agreements, then improve the physical infrastructure,
The third more pressing issue would be the ability to trade in every country's native currency, without using a third currency like euro or dollars.

This suya seller go school oo

BruncleZuma:

your own is just to laugh

DameB:
What's the implication for Nigeria?

nigeria will benefit more than the rest

datigbogirl:
Wanna copy Euro why not call it Afro? Which one be Eco? Eco ko Eko hotels ni...

Because this is limited to west African countries

This is a very big shame to Buhari led administration if he accept Nigeria joining the single currency trash. Those doubting ulterior motive of Buhari in RUGA settlement and other agenda.....Hope you are watching. Where are the NEXT LEVEL WEST - Educated ones indeed

blank:
What happened to the WAUA? Was that not the same thing? It died a natural death now they have brought up ECO.

eco has been existing since Obasanjo era....

Barblow:
What about the enslavement of the francophone countries by France?

sad truth...Anglo west African countries are more powerful and economically stable than francophone.

Ugosample:


don't mind them


guinea
guinea Bissau
mali
niger
Liberia
Sierra Leone
all using the same currency with Nigeria

and Nigeria agreed to this foolishness?

Damn

learn to use sense B4 criticising

DameB:
What's the implication for Nigeria?

The implicitcation is that other fellow west African countries are way lower than Nigeria and the top reason for single currency is to facilitate trade which unfortunately cant favour nigeria here since the others involved are economically weaker than Nigeria

France won't like this

ECO
Economy of?

martineverest:
learn to use sense B4 criticising

lmao

I will not bother to type the demerits
I've done so in similar threads.

NIgerians sef

datigbogirl:
Wanna copy Euro why not call it Afro? Which one be Eco? Eco ko Eko hotels ni...

Cos it doesn't cover for the entire continent of Africa.

Ugosample:


don't mind them


guinea
guinea Bissau
mali
niger
Liberia
Sierra Leone
all using the same currency with Nigeria

and Nigeria agreed to this foolishness?

Damn

I think it will benefit Nigeria the more because majority of its users would be Nigerians n most goods bought with it would be Nigerian goods or goods brought into the region by Nigerians.

My question is-- how or why did France allow this to happen?

Awoken

fashrola:


This suya seller go school oo

Him dey do copy and paste,

Sometimes I google his comment and found it elsewhere exactly

martineverest:
sad truth...Anglo west African countries are more powerful and economically stable than francophone.

France is the reason why Francophone countries are not doing well,
This agreement will liberate them if West Africa succeed,


FRANCE WON'T BE OK WITH THIS DEVELOPMENT

ollah1:


The implicitcation is that other fellow west African countries are way lower than Nigeria and the top reason for single currency is to facilitate trade which unfortunately cant favour nigeria here since the others involved are economically weaker than Nigeria

Nigeria need to be restructured

post=79880676:
Nigeria, whose oil-dependent economy accounts for two-thirds of the region's GDP, would likely dominate a future monetary zone and has so far been sceptical about its benefits.

Economists compare the "Nigeria factor" to Germany's dominance in the eurozone, questioning whether sometimes disparate economies with varying levels of debt and deficits can successfully share the same currency.

The multi-year eurozone debt crisis, was proof that single currencies -- when badly implemented -- can have a catastrophic economic impact.

West African single currency should not necessarily be the top priority.

[color=#006600][/color] view on this : You should first improve the implementation of existing ECOWAS trading agreements, then improve the physical infrastructure,
The third more pressing issue would be the ability to trade in every country's native currency, without using a third currency like euro or dollars.

Smh!
Anyways, you have been noticed!!

You are dull and dumb after all

http://m.theindependentbd.com//home/printnews/205174

Kennydoc:


Cos it doesn't cover for the entire continent of Africa.

Euro is not used in the whole of Europe

What has Ecowas achieved since it was founded in 1975 except holding summits up and down.

10,000 eco... Imagine

fashrola:



You are dull and dumb after all

http://m.theindependentbd.com//home/printnews/205174

Hehehehehehehehehehehe?!!! U haff killed the suya man

A good one , Congratulations to them. But I have a little problem with the name ECO because it means “Economic Community Of”. Which is meaningless. If they called it “ECOW” at least the w could stand for WestAfrica.

By the way, did I see OBJ in that picture?

Benekruku:
Great.

The sleeping giant will rise one day.


I miss Ghadaffi!

Actually they are going to put enormous pressure on the naira.

AnanseK:
A good one , Congratulations to them. But I have a little problem with the name ECO because it means “Economic Community Of”. Which is meaningless. If they called it “ECOW” at least the w could stand for WestAfrica.

By the way, did I see OBJ in that picture?

E-cow is electronic cow and Buhari will like this name well

AdolfHitlerxXx:


If or when the ECO comes on board,

You will beg and wish for the days of Naira.

Seems you guys don't know how terrible the rest of the economies of MOST ECOWAS countries are.

is this what ur trying to say?
that those countries with lower currencies will make our naira aswell drop?

dingbang:
your own is just to laugh

I no get another choice o

Karatum:


Euro is not used in the whole of Europe

Euro isn't used in the whole of Europe, cos some nations don't want to use it, much the same way Nigeria and Ghana can decide they don't want to adopt Eco. Euro is not limited to any region of Europe.

ECOWAS is a regional body in Africa. It concerns only West Africa. European Union is not a regional European body.

If the common currency of West African nations bears Afro, what will happen when North, Central, East and Southern African nations decide to have their common currencies. Which names would they call them?

I know very little about economics but make no mistake.. This is all about the African Continental Free Trade Agreement. With the largest market in Africa, Naija cannot come and allow South Africa dominate them. Let's secure our region first, then go and face them @ d continental trade

Yahoo boi

DameB:


Ok. So what happens to the naira

The Naira would be replaced by ECO. Just as Germany replaced Deutsche Mark with Euro.