₦airaland Forum

ntyce:
US intervene?

Did you not hear Trump's recent America policy?
They will no longer intervene, even in the middle east.
America has no interest in Africa of all places, West Africa with no resource they need.

coolcharm:
Nigeria is trying to prove what exactly?

A man whose house is on fire doesn’t go around chasing rats!!?

givedemwotowoto:
If they don’t intervene in strategic countries, Russia and China will take over and their influence weakens. It’s in their best interest to strategically position themselves all over the world. They have Israel in the Middle East, Japan and South Korea in Asia and so on.

HonNL:
Two loud explosions were heard in Cotonou, Benin, a few minutes ago, while Nigerian and French Air Forces are still patrolling the skies of the city.



Source




Source





Source






Source

ntyce:
Go and read what was released yesterday.
Trump's America no longer regards Russia as an enemy or rival.
They no longer go to fight for countries not offering anything to trade.
He only settled the war between DRC and Rwanda cos of minerals involved.

https://www.whitehouse.gov/wp-content/uploads/2025/12/2025-National-Security-Strategy.pdf

Go to page 29, and read about Africa.

givedemwotowoto:
Too much Cho Cho Cho, ignore the post and move on to people who reason like you

coolcharm:
Nigeria is trying to prove what exactly?

A man whose house is on fire doesn’t go around chasing rats!!?

SundiKeita:
thats not true cos cfa franc is jus a replica of the euro and doesnt need to devalue officially like it was in 1994... it masks the real economy and poverty in the cfa zone and everytime euros loses value citizens who use cfa franc get poorer.

zeuss:
I hope USA can see this? Our government has the capacity to act positively to overcome threats but have chosen to turn a blind eye to the real emergency in Nigeria. The only time they decided to deploy a jet in search the kidnapped students in Niger state that jet crashed and with it government rested and even celebrated the crash. But here they are sending three jets, three to save a democracy that means nothing to Nigerians.

grandstar:
I still stand by what I said.

When your currency is pegged, it is pegged to a certain currency.

The CFA has been pegged to the same currency at the same rate since 1994.

Are you blaming the French for the poverty in Benin republic? I am not saying the French are angels but blaming them singularly for the malaise of CFA countries is just wonderful.

SundiKeita:
again you are wrong, the cfa is a pegged currency to the euro so when the euro declines against say us dollars or other currencies, the cfa automatically devalues but the pegged vs the euro has stayed in place since 1994.
u r confusing devaluation from the pegged-euro not the actual devaluation which has been occurring when ever the euro loses value. its simply a currency dependency - Slavery 2.0 or Neocolonialism? u decide

finaly france, the parasite which leeches of Afrika - from 1945 to 2019 all countries using "colonial france Afrika" cfa currency deposited 50% of foreign exchange reserves in france, after 2019 thats now 30%. I believe the french call it a "colonial tax" for civilizing these Afrikan savages. 🙌🏾

grandstar:
Again, you are going the advanced route, and overtly technical.

Whether the currency it is pegged to rises or falls, it is still a peg.

The Naira was like $1- N200 in 2015. Buhari upon assuming office pegged it at around 199. It did not hold as the CBN did not have enough forex to defend it. At a time, it hit 550 by 2017 at the balck market but around 199 officially. It is now 1,500.

The CFA has had the same rate since 1994.

Your primary angst is your hatred for France.

Unfortunately for you, France did not stop them from growing. The Ivory Coast grew very fast in the 1960s and 1970s. For the last decade its economy has been growing about 7% annually.

France did not frustrate their development. Yes, I won't deny they have flaws but as you can see from the case of Ivory Coast, the fault can't be laid at their door.

It is the economic policies that will determine whether your economy does well or not. It is not the fault of France that it takes about260 days to register a new company in Guinea Bissau. It is not their fault that you need to pay a worker in formal employment 3 years salary in advance for them to be laid of in Burkina Daso. That is why it is only the government sector is practically the employer of all those working in the formal sector.

Many of these countries have copied the French style economy which is too statist and with too much red tape. In many of these countries, they have 3 hours work break. For countries that need neckbraking speed to pull their economy out of poverty, this is simply crazy. In China, most of the manufactured products are made in factories that practice 9-9-6 which is 9am - 9pm, and 6 days a week. This is a country where the per capita income is already over $10,000.

I don't support the Chinese hours, but it a strong signal to these Francophone countries that they need to do more.

I even just checked some CFA countries and they aren't doing too badly. I checked Benin Republic, Togo, Senegal and Chad. Benin and Senegal were really pulling their weight.

SundiKeita:
Ivory Coast is the exception, not the rule.
cfa franc’s stability comes at a heavy cost — 50% of reserves locked in france for 7 decades & since 2019 30%.
cfa franc been stable yet slowest growth, That “peg” drains resources that could fuel infrastructure, jobs, industry and social development at home.
saudi arabia to us dollar is pegged without saudi sending reserves to usa
In effect, every nation using the CFA franc has been subsidizing france and its people, while limiting their own capacity for growth and sovereignty.

My assertions are not driven by hate; they are grounded in evidence from economists and insiders. The notion of a “colonial tax” comes directly from experts such as Kako Nubukpo, author of Sortir l’Afrique de la servitude monétaire: À qui profite le franc CFA? (2016). Nubukpo is no outsider—he served as Director of Economic Studies and Research at the BCEAO (Central Bank of West African States), the institution that manages the CFA franc for the West African monetary union. His insider perspective underscores how the CFA franc system continues to constrain African monetary sovereignty and perpetuate dependency, regardless of isolated success stories.

HonNL:
Two loud explosions were heard in Cotonou, Benin, a few minutes ago, while Nigerian and French Air Forces are still patrolling the skies of the city.



Source




Source





Source






Source