Who has read the latest comment by Ivorian President, Alassane Ouattara, that the Eco would be delayed for 5 years. This is the second time he would ambush ECOWAS and I was scratching my head as I read it, see the link below.

It is very clear that Alassane Ouattara is out to sabotage the Eco. This was very clear right from the initial change of the CFA to Eco. He attended the Niger summit 2020 and fooled everyone that their programme is in line with the wider goal.

What suprises me is why ECOWAS and Abuja would continue to allow the foreign agent named Ouattara to sabotage its programmes. His comment delaying Eco for 5 yrs is another ambush like the first one he did.

Please ECOWAS is bigger than one country. There are 15 countries in the bloc and over 300 million people. One country should not be allowed to derail the goals of ECOWAS.

Rather than allow Ouattara to continue to mess ECOWAS about, we need to remove Ivory Coast from the Eco programme. A temporary removal of Ouattara would save 14 other countries the stress of his betrayal. When Ivory Coast gets a new president, they can rejoin the Eco.

I urge ECOWAS leaders get firm with Ouattara. He cannot toy with 15 countries. No way. The Preasident of ECOWAS commission, Jean- Claude Kassi Brou, is Ivorian, but he must protect the community. He is there for all 15 members.

Until Ouattara is temporarily removed from the Eco programme, we are dealing with a foreign agent hell bent on sabotaging the aims of ECOWAS founding fathers. We must not tolerate it. President Buhari, Nana Akufo Addo and Jean Claude Kasi Brou must get rid of Ouattara. This does not stop Ivory Coast but ensures that the programme is free from sabotage.

Please ECOWAS must stop Ouattara from messing us about. Remove him from the programme. We are not fools here.

https://www.cnbc.com/2020/09/29/west-africas-new-currency-could-now-be-delayed-by-five-years.html

Ivory Coast must not use the Eco. They can continue with the CFA but Ouattara must not be allowed to sabotage the programme.

Comments please.

Comments please

Smh

Op I stand with you ooo, I'm even tired of the delay self,either they should trash the Ivorians and get on with it,or kukuma lock up the Eco matter abeg, besides they're even at more advantage in the Eco than Ghana and Nigeria.

PriestDaniz:
Op I stand with you ooo, I'm even tired of the delay self,either they should trash the Ivorians and get on with it,or kukuma lock up the Eco matter abeg, besides they're even at more advantage in the Eco than Ghana and Nigeria.

Trashing the Ivorians is best. Remove them from the programme. Simple .

The writer seems to have little understanding of what it takes to have monetary union.

Go and do some research on the euro zone consisting of developed economies. Not to talk of West Africa.

Babanah:
The writer seems to have little understanding of what it takes to have monetary union.

Go and do some research on the euro zone consisting of developed economies. Not to talk of West Africa.

What does it take please? Tell us?

I am not talking about economics, I am speaking about overt sabotage. It is very clear to smart people. Wake up.

The ivorian leader and french president has sabotaged the effort of the ecowas on the new currency. Thatbus the major reason Nigeria pulled out of the one currency for west Africa.

FieldMarshall06:


What does it take please? Tell us?

I am not talking about economics, I am speaking about overt sabotage. It is very clear to smart people. Wake up.

It’s all about economics my friend, within the euro zone Germany has the strongest economy. It’s uses it’s economic muscle to support the zone.
Most of the borrowing is bankrolled by Germany.
Within the euro Zone you also have stresses and strains, between the more advanced countries like Germany, the Netherlands and France and the southern countries like Spain and Italy.

To get into monetary union there are a number of huddles to cross, bring public sector borrowing within a similar range among member countries. There is the need for interest rate alignment before you can head towards monetary union.

The euro is strong because of the economies behind it Germany France Netherlands etc. Which economy within Ecowas is strong enough to back the proposed West African currency?

Why do we need ECO pls
Lubbish

Babanah:


It’s all about economics my friend, within the euro zone Germany has the strongest economy. It’s uses it’s economic muscle to support the zone.
Most of the borrowing is bankrolled by Germany.
Within the euro Zone you also have stresses and strains, between the more advanced countries like Germany, the Netherlands and France and the southern countries like Spain and Italy.

To get into monetary union there are a number of huddles to cross, bring public sector borrowing within a similar range among member countries. There is the need for interest rate alignment before you can head towards monetary union.

The euro is strong because of the economies behind it Germany France Netherlands etc. Which economy within Ecowas is strong enough to back the proposed West African currency?

So what has your point got to do with my topic. Am talking about Ouattara ambushing Ecowas and you are writing crap. Smh.

Don’t be rude gentleman.

.

Babanah:
Don’t be rude gentleman.

I can tell from your writing you are not Nigerian.

Are you Ivorian ? Or are you in anyway connected to that country ?

Who told you it's only one Country's decision? It's a Cold War between Anglo and Franco West Africa


Alassane Ouattara is only doing his Master's bidding. It would be difficult for West Africa to achieve common currency when France still control Francophonis Fiscal policies.

Babanah:


It’s all about economics my friend, within the euro zone Germany has the strongest economy. It’s uses it’s economic muscle to support the zone.
Most of the borrowing is bankrolled by Germany.
Within the euro Zone you also have stresses and strains, between the more advanced countries like Germany, the Netherlands and France and the southern countries like Spain and Italy.

To get into monetary union there are a number of huddles to cross, bring public sector borrowing within a similar range among member countries. There is the need for interest rate alignment before you can head towards monetary union.

The euro is strong because of the economies behind it Germany France Netherlands etc. Which economy within Ecowas is strong enough to back the proposed West African currency?

Lol nairaland conspiracy theories are the dumbest on the internet. In their minds the project isn't delayed because none of the member countries met the requirements they layed out but because the french boogieman. Lol ignorance mixed with delusions of grandeur are the cause if this madness.

Blue3k:


Lol nairaland conspiracy theories are the dumbest on the internet. In their minds the project isn't delayed because none of the member countries met the requirements they layed out but because the french boogieman. Lol ignorance mixed with delusions of grandeur are the cause if this madness.

So the project was delayed when Ouattata and Macron changed CFA to Eco, without Ecowas.

You are just a stupid fool.

FieldMarshall06:


So the project was delayed when Ouattata and Macron changed CFA to Eco, without Ecowas.

You are just a stupid fool.

Mumu stop exposing your foolishness to the world. Macron didnt change anything. Them changing the name of their currency doesn't matter in the slightest. If they call it zeni, beri or dollar it doesn't stop you from implementing anything. The fact is none of the countries except togo in 2019 met critea to for eco currency as stated by Nigerias finance minister you mentally challenged conspiracy theorists.

Ahmed, noted that Nigeria had nonetheless continued to record progress towards meeting the macroeconomic criteria, particular as it regards its debt levels.

Specifically, the minister said Togo remained the only country that has met the convergence criteria within the last two years, a development which makes it difficult to operationalise the proposed currency union, which is already christened as 'ECO'.

The four primary criteria to be achieved by each member country are: a single-digit inflation rate at the end of each year; a fiscal deficit of no more than four per cent of the Gross Domestic Product (GDP); a central bank deficit-financing of no more than 10 per cent of the previous year's tax revenue, and gross external reserves that can give import cover for a minimum of three months.

On the other hand, the six secondary criteria to be achieved by each member country are: Prohibition of new domestic default payments and liquidation of existing ones; tax revenue should be equal to or greater than 20 percent of the GDP; wage bill to tax revenue equal to or less than 35 per cent; public investment to tax revenue equal to or greater than 20 per cent; a stable real exchange rate, and positive real interest rate.

More sensible comments please . Haven't got time for games.

Lol you clowns are so ignorant it's crazy. None of the countries except Togo met the criteria in the first place. The pandemic has made this goal harder. It's not frances fault you guys could achieve your goals after 20 years on talking about it. Who cares if the former CFA countries arent in the monetary union immediately? Not every country in the eurozone is in it. If they haven't met criteria to join there's no need crying.

Nigeria should focus on meeting the establishes criteria instead mumu conspiracies. Nigeria along with bigger economies in the region will be carrying the project anyway.

??

Allasene Quattarra was imposed by the French with the help of Obama to do exactly what he is doing today! Goodluck Jonathan was Nigerias president then and he supported the invasion..This is one of the most alarming foreign policy disasters of the otueke misfit, who acted like a deer in the headlights when faced by the western gang up in Ivory coast. The man was imposed military by the French. The French army, with the support of one Obama, the so-called first black American president, invaded Abidgan, went straight to the presidential palace and removed Gbagbo even before the electoral courts made the final pronouncements. Many west Africans didn't see the dangerous precedent being set.... Gbagbo was taken to the Hague, where a spurious charge of "crime against humanity" was rightly thrown out.

Although not convicted, they are still holding him while leveraging on their massive media power to drive home the propoganda that the stooge Quattarra, is the people's choice. Quattarra has always been a French lackey, right from his days as the ivorian prime minister. Southern ivorians know this and voted massively against him, leading to a North/South dichotomy in ivorian politics.. Jonathan made several very dangerous foreign policy blunders deu to his acute naivety. The other one was in Libya where no matter how hopeless the situation, he shouldn't have sided with the Europeans. Today, Boko Haram is being armed and financed majorly from Libya, while Quattarra whom he supported is so anti Nigeria with his regional fiscal/monetary policy allignments with the French, you start to wonder what Jonathan saw there to allow the French violate the sub region so blantantly under his watch..

Rugaria:
Allasene Quattarra was imposed by the French with the help of Obama to do exactly what he is doing today! Goodluck Jonathan was Nigerias president then and he supported the invasion..This is one of the most alarming foreign policy disasters of the otueke misfit, who acted like a deer in the headlights when faced by the western gang up in Ivory coast. The man was imposed military by the French. The French army, with the support of one Obama, the so-called first black American president, invaded Abidgan, went straight to the presidential palace and removed Gbagbo even before the electoral courts made the final pronouncements. Many west Africans didn't see the dangerous precedent being set.... Gbagbo was taken to the Hague, where a spurious charge of "crime against humanity" was rightly thrown out.

Although not convicted, they are still holding him while leveraging on their massive media power to drive home the propoganda that the stooge Quattarra, is the people's choice. Quattarra has always been a French lackey, right from his days as the ivorian prime minister. Southern ivorians know this and voted massively against him, leading to a North/South dichotomy in ivorian politics.. Jonathan made several very dangerous foreign policy blunders deu to his acute naivety. The other one was in Libya where no matter how hopeless the situation, he shouldn't have sided with the Europeans. Today, Boko Haram is being armed and financed majorly from Libya, while Quattarra whom he supported is so anti Nigeria with his regional fiscal/monetary policy allignments with the French, you start to wonder what Jonathan saw there to allow the French violate the sub region so blantantly under his watch..

You are very correct. Jonathan goofed on Libya and Ivory Coast. That man is a shame.

And many Ivorians are anti-Nigeria.