Opera News

Opera News App

Eco Currency: "It is first and foremost for Nigeria to show the way" - Gilles Yabi

BLISSFULBLISS
By BLISSFULBLISS | self meida writer
Published 8 months ago - 1 views

Muhammadu Buhari was very clear a few weeks ago, when he mentioned in a series of tweets the intention of the countries of the Uemoa zone to replace the Cfa by the Eco before the other states of the ECOWAS. The Nigerian president has in fact let it be known that it is worrying "that a people with whom we wish to join a union take important steps without trusting us for the discussion ". He will add that he had bet enough on the single currency project "to let things be done for simple convenience and convenience".

These remarks by the tenant of Aso Rock had led to believe that the saboteurs of the single currency project came from Uemoa. When Rfi asked Gilles Yabi this Saturday if he shared the same opinion, the founder of the Think tank WATHI first let it be known that this is what is being said in the West African sub-region.

" Nigeria must be the locomotive "

"There is no doubt that the very Francophile Ivorian president has always defended the CFA franc... His statement in Abidjan during the visit of his French counterpart in December 2019, created great confusion between the reforms in the CFA franc zone which only concern Uemoa and the advent of eco.

But when we know the relative economic weights of the countries within the ECOWAS we cannot speak of the errors in the conduct of the single currency project while forgetting that there is only one great power in the ECOWAS, Nigeria ” continued the political analyst and economist. He is convinced that there is no prospect of accelerating such a crucial and complex single currency project without Nigerian impetus.

The country, he recalls, alone represents 70% of ECOWAS GDP. As such, the West African giant is a bit like the project's Alpha and Omega. “Nigeria must be the locomotive and its ambivalence on the single currency is obvious. Whatever direction to take, whether it be the outcome of the project, its postponement to a realistic date, or even its burial, it is first and foremost for Nigeria to show the way and to convince the other countries ” , estimates Gilles Yabi.

Content created and supplied by: BLISSFULBLISS (via Opera News )

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Igbo Governors Lunches Ebubeagu Regional Security

1 hours ago

9 🔥

Igbo Governors Lunches Ebubeagu Regional Security

Before The Sun Rise This Monday Morning, Say These Prayers To Unlock Your Closed Doors (12/4/2021)

2 hours ago

508 🔥

Before The Sun Rise This Monday Morning, Say These Prayers To Unlock Your Closed Doors (12/4/2021)

Check out Leo Messi's insane stats in his last 15 Laliga games for Barca

3 hours ago

23 🔥

Check out Leo Messi's insane stats in his last 15 Laliga games for Barca

Monday Prayer : You Will Have Enough Money To Spend This Week In Jesus Name

3 hours ago

2153 🔥

Monday Prayer : You Will Have Enough Money To Spend This Week In Jesus Name

After Gunmen Kidnapped This Teenage Boy In Ogun, Check The Millions Of Naira They Want As Ransom

8 hours ago

256 🔥

After Gunmen Kidnapped This Teenage Boy In Ogun, Check The Millions Of Naira They Want As Ransom

Check 3 Extra Way to Make Money at This Trying Time Regardless of One's Job

8 hours ago

1 🔥

Check 3 Extra Way to Make Money at This Trying Time Regardless of One's Job

Top 4 Interesting American Series That Are Yet To Be Complete Or Cancelled

8 hours ago

2 🔥

Top 4 Interesting American Series That Are Yet To Be Complete Or Cancelled

RAMADAN: Look out for moon on Monday, Sultan tells Muslims

8 hours ago

27 🔥

RAMADAN: Look out for moon on Monday, Sultan tells Muslims

Tottenham Hotspur 1-3 Man Utd: Player Ratings as ManUtd gain outstanding points

8 hours ago

42 🔥

Tottenham Hotspur 1-3 Man Utd: Player Ratings as ManUtd gain outstanding points

Uzodinma Reveals That Igbo People Do Not Want Biafra, See What He Said They Want

9 hours ago

284 🔥

Uzodinma Reveals That Igbo People Do Not Want Biafra, See What He Said They Want

COMMENTS

View all comments