West Africa's New Currency: The End of France's dominance in AFRICA?
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- Опубликовано: 28 сен 2024
- Will the introduction of one currency for all of West Africa spell the end of France's dominance in French-speaking Africa?
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You miscalculated your figures. CFA reserves account for 500 billion euros annually in Paris' treasury.
Another miscalculation: Africans aren't afraid of Nigeria. Most Nigerians don't fully understand the threat that is France, they don't even know that much of what they are fighting as boko haram are actually French sponsored insurgents.
A suggestion: A critical issue facing the African continent now is the growing influence and involvement of China. I have yet to find many Africans speaking out about this and it does Africa no good to allow only Westerners to be the voices heard calling for African caution with Chinese entanglements. Perhaps you would be a good person to take an objective view in a series of videos on China-in-Africa.
Are we looking at a future China-Afrique? Is there a danger of a new Cold War with new African proxies? Is China using old colonial strategies such as debt traps? Is China interested in nation building, market building, resource extraction, or does it represent something new? Would China support authoritarian leaders in Africa even if they abuse human rights, engage in genocide, corruption?
I have my own answers to these questions, but it's African answers that need to be heard far more.
From your perspective, these are not good odds at all. So it's a choice between French dominated economic union or Nigerian dominated economic union? Yeah I'd stick with France if it means handing over my country's economic policy to Nigeria. The CFRANCS, just need to band together and demand for a renegotiation with France to considerably tilt the scales in their favor. Maybe start by nationalizing those precious mineral resources.
Africa needs it own currency without ties to any other nations.
muammar gaddafi tried to do that....you seen what happened to him.
Africa is rich in gold and resources, that's they divided it into many "states". divide an concur *coughs in British* 😂
@@ffs784 Many of the "countries" you see throughout Africa are really the result of different tribes being forced together without consideration of their cultural differences...We had many kingdoms before the contest for Africa.
Cindy99765 I’m African my self. Well aware of what Some European and Arabs have done to Africa. My people still suffer from the skin colour ideology, while at the same time being poised with drugs and weapons.
We tried to defend our waters from the us and Europe dumping nuclear waste on our shores but some how we are the pirates.
@@ffs784 yup just like the situation in Somalia 100 of illegal ships pass by Somalia shore destroying and collecting everything in Somalia water specially the tuna in Somalia water Thailand comes there and other nations come to do weapon testing and black market sell for weapon and nukes in order to do that they keep corrupting the Somali leaders on top of that the Arabs brought us terriostim in Somalia group called alshabab working with al-Qaeda so ye the world did nothing for us but destroy Africa is time Africa to wake up and start educating ourselves other wise we will always be looked down as slaves
@@younge252 that what i was referring to, good to know that the info is now out there. one day we will go back, the region wasn't called paradise for no reason aka puntland.
I'm laughing so hard when he said "hopefully it will be better next year "😂😂😂oh lord did no one know what was coming
up until december, not even the chinese knew what was coming XD but yeah i guess that whole thing probably made this project a bit more difficult than it allready was.
@Man Antom my dude, if you dont know, just enjoy it, but you should know that its become trend to cover your mouth and nose and its totally acceptable end even expected to do so inside stores, other than that if youre the stay at home kinda person, its the time of your life now, tons of games are reduced in price and generally... try to avoid people.
🤣🤣🤣🤣
@@therealslimshady3662 4
@@marviasinclair6144 why are you quoting my grades i know im underperforming leave me alone ._.
I’m Nigerian, and although I think that the French currency should be changed, I don’t think everyone should change their currency to the eco. The economic climates of West African countries are too different to estimate a value of this eco currency, and it isn’t going to cause many issues.
Another thing that makes me uneasy is how the French. If the French have so much influence as this video entails, then changing the currency is only covering the problem up for a while, not solving it entirely. I’m going to do some more research as I’ve just been introduced to this topic, but this idea just makes me so uneasy for some reason.
Have faith in your people. The anxiety comes from the white people who sowed doubts in your mind in our abilities as a people. Have faith we can do for our selves. 😉
My man. We are not our leaders. I would like africa to finally get the economic growth and thought indepence it rightfully wants, also because maybe it will stop immigration into europe, finally ending lots of hypocritical policies by eu radical chics.
I'm italian, yet i hate france for precisely this reason.. We are in 2020, colonisation and unfair economic explotage must be stopped, plus if it gets the french in the dirt i'll laugh my ass off.
@@lorenzogiorgioni9001 you’re Italian, you don’t hate France for that reason lmao
@@SanLeMans LMAO
I do not think West Africans should be worried about any French political response.
1. Europeans, with rare exception, are rather convinced that the mistakes of their nations' past imperialism are regretable. There is even a certain amount of guilt in some sectors, particularly on the political left. The French people do not actively support imperialism.
2. The economic gains to France from its West African ties are not insignificant, but France also throws lots of money back towards Africa in the form of aid and development funds - quite a bit of which, I understand, has been squandered by certain corrupt leaders in certain nations over the years. This means that political support for maintaining those economic ties is probably quite weak.
3. France is presently confronting two major crises and will be for quite some time into the future. They are: (a) The rise of a far-right nationalist movement which does not have a majority but has more power than ever before - a movement that is fiercely anti-Islam and often anti-immigrant, and (b) the crisis to European security that a much more aggressive Russia now poses to the continent. In short, France is too busy to worry about any nostalgia for "la France Afrique" right now. In fact, maybe it would be easier for them to cut all remaining ties and obligations.
As at time of posting. I'm your newest subscriber and absolutely loved this video. This is my take, No matter the "consequences" it is long overdue that we relieve ourselves from French and all foreign financial strangulation. I live in the US and serve in the US Army. A while ago one of my colonels was talking to us and said the US doesn't get involve in Nigeria and Africa's wars and conflicts because "What does Africa bring to the Table?". I was so offended by that and stopped him right there. I pulled up statistics of all the countries that feed off of Africa and everything they take out from oil to gold, diamond and all sorts of natural minerals that sustains their engineering, medical and pharmaceutical industries. I gave them a historical lesson of our decades of continental exploitation and manipulation and told them a younger generation of African are coming and will change that. By the time I was done you could hear a pin drop if it did. They were all silent. My last sentence was "Africa doesn't have to bring anything to the table, Africa IS THE FUCKING TABLE"!!
Then I decorated you with the (Purple Heart) for your patriotic speech hai Africa
T. Jay - thank you for delivering that needed message, they get it all F**K Up - without AFRICA the world would not exist.
Speech my brother!!
Man I just like you for this. Long live Africa
I’m an African American and I got chills after reading your post. Thank you for this. Africa has been the fucking table throughout all of history.
Am a JAMAICAN- AFRICAN ,WE NEED TO UNITE AND BUILD AFRICA . AFRICA ONE CURRENCY.
Our Jamaican brothers and sisters are most welcome. Please feel free to come and join us in building our continent.
That's the ultimate goal.
Your right shouldnt be for west-africa alone.
@Moor Wakanda Really? Who built the Pyramids of Egypt to start with? Also there are many Black inventors. Read n learn my friend
Afrika, One Currency Indeed
IT IS EASIER TO WORK WITH YOUR BROTHER THAN WITH A STRANGER. “Christian Thomas”
Unless your brother is from another tribe and thinks youre bad for falling out the wrong vagina, while the US, China and Russia all give him money to hate and fight you so they can take things from him later when he's weakened and without a brother.
"a german observer"
Not in New York!
sadly your more likely to be taken advantage of and used by your brother than by an older wiser benefactor
Keep up the good work educating our people. Great video. You just got one new subscriber ☝️
Thank you! Your support is much appreciated! Please don't forget to click the notification bell so you can get all our new videos
@@NewAfricaSure i did 👍
@newsAfrica adoption of one Eco for all west Africa is not a good Idea at all. If this happens it will the beginning if poverty in Africa. Please my Franco phone west Africa leaders don't adopt this Evil currency proposed by the stupid and clueless Nigeria government. Nigeria was OK before sterling was barbiturated. But when the Naira came on board what happened. Now you people want to change from CFA to Eco. Please don't do it.if This will be the beginning of inflation and poverty in Africa.
The Europeans sock our blood,,, and call us fools,, ,,,,,, GOD bless the Eco,,,,
Two
Never really understood this until now !! is there something wrong with us Africans ...its great things are changing BUT why did we let this go on for so long ????
Daisy, yes, something is wrong with us!!! We must realize this and be vigilant to change.
daisy uyirwoth same here...only knew about this second colonisation by France thru the CFA last year...These Franco phone countries need to wake up. No former British colony will accept that kind of 'slavery' arrangement with a former oppressor.
daisy uyirwoth leaders who speak out against WS normally end up assasinated
@@nigerdeltamirrortv9311 The former british colonies DONT KNOW how France NEEDS her colonies.It is not the same for Great Britain.France will not leave its colonies without a big fight(I mean WAR!)
@stk stk I'm from the US and I don't know what that means
Greetings from Turkey
Africa must be free and independent!
I pray for your success.
Merhaba. Thank you
You're coming from an oppressive colonialist country as well so it's good to hear you speak in support
@@nosequiters Turkey is not oppressive anymore.
That is Western propaganda.
But yes, the Ottoman Empire was a colonialist empire.
But that is in the past.
What we seek are partners now, but the west is sabotaging it.
@@Doan84 Ottoman Empire never had colonies. These territories were directly annexed or were just puppets
I wish I knew more about monetary and economic policies to have a solid opinion on this.
However, if by adopting the ECO the countries can hold their future in their hands, then I'm in full support.
We need to be fully independent to craft future and be held accountable for our results.
#thinkbigforafrica
I really respect your post. It takes an adult to admit their limitations. Especially when it comes to various policies.
Then you posted a general but sound hope/wish/prayer. Props to you and your comment. A comment that too many, are too ego driven to post.
We need one currency for all of Africa. European nations is only interested in exploitation of Africa and African people let France return Africa's billions
"held accountable for [your] result",absolutely, when it mess up then rest of us can tell about it's not the white man who is caused the problem.
@Meg megie or really abuse girlfriend. The word "reltionship" would've sufficed.
While im still studying economics, i can tell you two big problems: 1)Because of the large spread of different performing economies(example, burkina faso vs nigeria), there would be strict polices to limit gov't spending in poorer countries, which would prevent them from growing as the other countries in union. 2) Like europe, there would be a centralized committee to oversee every countries central bank, where bureaucrats and elites would dictate the rules being set.
The end of the old currency is a good thing and there is a real chance these countries would trade more, leading to many countries having stronger economies and connections. They could raise the bar for the whole region, but as these countries are notorious for self-serving "civil servants", the risk of corruption is high as well.
Only time will tell if they benefit, which i hope. Africa must rebuild from within
No pain no gain it has to have a beginning for the greater good.
Go Africa, slowly we will get to the top, we’re on our way...
Aida Faustina But, ur politicians are corrupt. Africa have a potential to become a next superpower.
@Jay What's up?
We won't se a single Africa but 3, west africa, east Africa and central/southern Africa
The idea of a unified continent is impossible but as we're seeing now with the ECO and Eastern African federation is that Africa will be stronger but in separated countries
@@Azknowledgethirsty i don,t trust somme frence speaking countries like senegal they would never leave the fromage,whisppering will continue between them and france,saying to them you,re better then them,we shall back youup,every will see,hope this will not happen
Please wake up! Inflation will come, corruption will not come as its plenty there already! Look at this leaders, they not even able to have proper elections. No member state satisfies all three criteria for adoption, i guess its a good start LOL!!!
Nigeria is a good risk and closer to home.
Exactly what I thought.
Awww.. How cute. Our politicians can now rob us Nigerians and rob other African countries too ☺️
@@deadman4150 😂😂😂😂
Nigeria is a sell-out if they chose Nigeria then that's because like the commentator said they always find pliable leaders that they can manipulate in Nigeria so no I don't trust Nigeria and it doesn't make any sense for people to say is better to be ripped off by your own brother than a stranger it's better not to be ripped off at all
The idea is for all African to come together as one , , one president. It doesn't mean that the president have to be a Nigerians, president can be choosing from any of the country's. Like USA ..... To meet the conditions of one Africa we need Nigeria or Ghana because they have higher reserves, . Got nothing to do with controlling.
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
Much love, Africa. Take back what was stolen from you. You have the power.
I just came across your page, thanks for the education of our continent - I hope that one day, one currency can be used for the whole of Africa ✊🏽
✊🏿✊🏿
If Europe use Euros, shouldn’t Africa use Afros?
But it's the name of a hairstyle
The Aero is a better currency name tbh
One currency for ALL of Africa is a good idea
🌍ONE PEOPLE, ONE CURRENCY. ALL OF AFRIKA "UNITED AS ONE..🇪🇹
France is behind the eco. It is the CFA franc with a new name called eco.
Tim Tim no France is not , why do you think Nigerian will leave its monetary policies to France . You must be kidding. Ask about lafarge and Dangote cement battle .
Tim Tim so you think Nigeria will leave her monetary and go under France ?omg
@@timtim5933
I know you follow french speaking channels my Cameroonian brother, but I can assure you, contrary to what you might have seen on Francophone channels, France has no control over anglophone countries. Rather France seeks to position itself favourably in the new arrangement. Nigeria, in particular, will never sign a semblance of the Franc-Afrique which francophone countries have. And if Nigeria backs out, Ghana will follow. Eco is a positive development, primarily because of the involvement of the powerful anglophone countries involve. If that were to happen with the (political) Central African states, comprised of francophones, your accusation of merely change of appellation would have stood its ground.
Why are we so quick to trust others and not eachother??
Corruption is strong in africa
@@taventube2151 Believe it or not its no more corruption in africa than the rest of the world. Media wants us to believe that. Look at the snakes and foxes in america. They say one thing n do another all with a smile.
@@mrsbusiness1 do your people even have any control over the government
@@taventube2151 Nobody has control over there government. Look at what happens in the U.S. The people are just dragged along.
Bribery corrupción, the economic power of the African Elite. It's a formula that has worked almost in all countries of Earth
The entire Africa should have one currency. This is a start and I am excited and pray it works out.
Africa is too big and diverse for only one currency, but closer cooperation between every nation on the continent is the way out of neocolonialism.
Before seeing your comment I just said the same thing. If France is handing over their currencies over to Nigeria you better believe that Fred still has their hands in the pockets of some of the 13 countries that are still using the Franc
NO
We've got the Shilling used in East Africa
Grandsome are you African if not please be quiet. Africa will develop Africa
Like all things that appear advantageous we must be cognizant of the unintended consequences. Before implementing a single currency be sure to satisfy the three necessary criteria mentioned in the video. Also put in place institutions that will maintain regularly scheduled audits of the risk controls required to maintain the ECO as a viable single currency and market place.
Let our own blacks pple dominate ECO Nigeria
France will not accept it without a fight(I mean WAR!)
Daouda Ba which war in this modern era means there’s something to it if France so stupid to fight..
Sorry!!! I did not meant it that way.. Africa I should say
Daouda Ba we must take this idea out of our head
@@daoudaba1628 that's why fighting persists In Mali, Bukina faso where France is sponsoring terrorism to stop west Africa getting their ark together to forge a common ground.
The french African countries should just leave the CFA like Guinea did, why is Ghana and Nigeria forever saving west Africa
Don’t waste your energy, Nigerians has a problem controlling their own currency!
@@SuperKwame1 Exactly. it will a certain mistake.
Yes, it is a great idea, one more step towards an independent and economically viable Africa. We must not let those who have historically disrupted our continent disrupt our future. ONE love from America! ✌🏾
you are a idiot. move there.
FYI this is slavery, you'll see.
@@captainpinky8307 Ok thanks for the love ✌🏾
@@captainpinky8307 Stfu Neanderthal
We need to keep up this conversation
I just recently discovered your channel and I must say, I'm impressed. I understand the scepticism that people have for the Eco, but no matter how bad the negatives of the adoption of the Eco maybe, it will always be important and more beneficial to be a part of your economic decision than to outsource it to France or any other world power. Plus, the Eco will naturally facilitate trade in West Africa, something the existence of the CFA has hindered for so long. Great videos!
Great idea! I sincerely hope it becomes a reality. Sever all financial links to Europe. Bloodsucker! All the countries of the Caribbean should do the same too. Still have the queen's bust on our currency, yet we claim to be independent countries. Go for the Eco! I say.
Exactly ✊🏾
Yes, West Africans needs it’s own currency. GREAT START.NOW GET IT DONE.
This is not a West African thing.. this is Africa as a continent. We must have our own money.
Wonderful channel! Keep in your good work my man!
I had a long chat with a cleaner in a airport lounges in Stockholm. He told me about France controlling the currency of many African countries and that France would fall in the ranking of rich countries if this system was abandoned. I found this so interesting and here I am, a new subscriber.
I talk to people everywhere and get different inputs that help me understand the world a bit better.
The money deposited in France to support the stability of the Franc CFA currency isn't "French wealth". It's just a deposit, it still counts as reserves for the participating countries. It just happens to be stored in France to guarantee the fixed exchange rate (peg) to the Euro.
Look at Zimbabwe if you want to know what happens when a African country abuses its currency.
That's a good philosophy - talking to people gain to insight on the world. Change for the better always starts with knowledge! I wish to adopt that philosophy and dare to talk to people more one day
We don't need CFA or Euro
All leave us in Peace.
The eco is the euro, the outlook is the same and the name similar
As a direct descendent of 🇨🇲 i agree the Mother land should freed of colonizers and all they bring with them. (ECO) from now on! Lets make this happen AfricAn brothers n sisters.
I'm 100% in support of this idea. It's hight time Africans decide what's best for them, and use a single currency for the benefit of all.
you mean best for the corrupt politicians, leave that one thing under the white hand!
One official on CNBC said that over 70 percent of trade in Europe is intraEuropean and accounts for trillions. This video projects the Eco to increase intraAfrican trade from 10- almost 30 percent. The amount of wealth to be created will be unimaginable
My heart jump for joy when i hear about about getting one currency... am over joyed that usually make my eyes tear...uts the best this africa could do for mother africa.
But not change yet still now cfa been using till today
Dont worry in two years it will be a new CHINESE currency
Agreed!
@@keywill1728 true
Your right
Aristurtle: The philosopher u Neanderthals did more damage around the world than the Chinese. Y’all should parish as well
@@keywill1728 your the Neanderthal do your research before you talk
This is not a RUclips video ,this is a module in economics and politics degree . Thank you.
We should reject anything to do with France , including their language
Onesmus Muchemi are we gonna unlearn English too?
Thank you.
This is very educational.
Yes, Africa must unite and stop thinking as individual countries even if we have teething problems and suffer for it at the beginning.
It is the price to pay for self-determination.
Self-determination brings the ability to generate authentic aspirations.
Currently, Africa borrows aspirations from abroad, mostly the West.
Now, the lender of aspirations controls the dreams, thoughts, actions, destiny and existence of the borrower.
Yes, existence …That is how our young people drown in the Mediterranean.
Unless these countries are governed by elected government and established institutions to which the governments are accountable, it will end in catastrophe.
Yes but it's a catastrophe we need to face on our own to be free. Africa will never be free if we depend on american, Europe or china to solve our problems
@@eldermoose7938 not worth it.
thank finally someone who uses the brain, no member state satisfies all three criteria for adoption, i guess its a good start LOL!!!
Exactly that's the catastrophe waiting to happen because France handed the money over to Nigeria and they even said in this video that the only reason why France handed it over to Nigeria's because they continue to support Nigerian leaders who are cooperating with them. So Nigeria is a sell-out I thought so
It is good idea if it will be independent from any foreigner. But as it looks now, I think France is still trying to have a hand on it. Multiple invitation of Akufo Ado from Ghana and Buhari from Nigeria in France is not for nothing. My point is, this could be even worst if the new currency won't be independent because that will mean that not only France still keeps the french speaking countries under control but has now added Nigeria, Ghana and others. New currency means nothing if it cannot be independent. Many things are happening behind doors that the public is not aware of. The very fact African leaders are still not comfortable trashing FCFA despite opting for new currency is suspicious to me.
all Africa needs is one currency
The mere changing of currency is not the solution. The behaviours of the institutions are far more important than the symbolic currency change. Our institutions should be strengthened to stand the test of time; speak truth to power and hold corrupt politicians accountable
The adoption is 100% right
I hope that the central bank and the printing of money is done in Africa and backed by gold.
@Lorelei Haart That is true and the body count is rising as they keep pacifying the threat of change. The change that must happen calls for the crushing of the snake's head.
We are so proud of Africa.
It's time for Africa to walk in it's own light.
We are not part of the whiteman's burden...
Full support from poland. Just attention with the "yellow" and the red bear
Even if Nigeria benefited the most. who would you rather empowered France are Nigeria? I say let it be Nigeria. IF NIGERIA RISES ALL OF AFRICA RISE NOT JUST WEST AFRICA... THE LOVE THAT I HAVE FOR AFRICA AND HER PEOPLE IS ETERNAL!!! one love..
@Heru Behudety I am totally in support of what you wrote. Better have your big brother as ur slave master than someone outside the family.
Heru Behudety It's already happening...Dangote has built many factories in other African countries, Nigerian banks are all over Africa
Heru Behudety Nigeria is not America that likes bullying and throwing it's weight around....Nigeria has a pan- African policy already, which is Africa first before the world. That's why whenever there's crisis in any part of Africa esp West Africa, Nigeria is always ready to help eg Liberia, Sierra Leone, Cote D'Ivoire, Angola, South Africa (during the apartheid period) and many others; lots of human and material resources were spent on these efforts but what does Nigeria get in return for her brotherly role and support to other Africans? Insult, abuse, hatred, envy etc. We are mocked and abused and even taunted over some challenges we face eg- Boko Haram..Do you know some Africans are happy over this Boko Haram issue? That it might lead to full blown war in Nigeria? That's a fact, the bitter truth.. If Boko Haram was in a fellow African country, Nigeria would have offered support in fighting the insurgency; but no African country has shown concern much less assistance.
With that, no Nigerian wants our govt to spend any more of our resources on other countries again; we want to use our money to develop our nation, let others take care of themselves. ..It might sound selfish but we are just being pragmatic this time around- we are not interested in dominating- though whatever we do look like we are dominating, whether we like it or not esp the economy, entertainment, investments, sports etc
JamesKan big brother but not a slave family I’m a Nigerian n Nigerians are not so...
fifikhalifa barry better leadership with France their director idiot.. same Nigeria 🇳🇬 that want to take y’all fools out French neocolonialism but all get hate from some low lives..
We africans need not only our currency but our own world...
Yes One currency would be best for Africa, and working together circulating the same Currency will empower all of Africa👍, and many African American are still watching our Mother land, to see when to come home👌
The bilateral agreements between ecowas states is far richer than anything Europe can give
no member state satisfies all three criteria for adoption LOL
Nuff said.^^
Beats&Wheels no place in the world meets all 3 criteria. Not America, not China, not Russia.. so.. they couldn’t join either!
But... Each prospecting ECO member is only missing 1out of 3 of the criteria.
Nigeria for example.. they are only .5 away from that national GDP goal. And they will have all 3 criteria.
No other place or country in the world can say that! Even with more money being printed, Nowhere is even close to that!
@@clubbinmag3 Ummm, countries other than America, China, and Russia are able to have a budget deficit
@@clubbinmag3 Africa must unite🎶🎵🚢
Africa, the heart of the world, and the cradle of mankind. Deepest love and respect from Brazil, the largest African-descendant nation!
Yes change your currency even if nigerian it's still African.
Agreed. Time to take action.
I think the adoption of one currency is a good idea.
It will have great potential in boosting the exports!:) Some criterias, like inflation are too strict. But I think, it’s an egg or chicken case: the region badly needs this unpegged common currency, but it is hard to fulfil the criterias due to lack of money to structure the economy.
Africa is the future!! Best Wishes from India.
This was a great commentary on the continued French control over west African monetary policy. I just have an issue with your claim that Nigeria would be worse for Eco than Germany is for the EU. To my understanding, Germany’s strong economy has been carrying the economic weight of the Euro which has kept inflation low. Yet, nations like Greece might need higher inflation or a lower valued currency to increase their GDP. I understand how that can seem like a bad relationship for the people of Greece. I can also see how a stinger Nigeria economy could not be in line with the needs of a nation like Cote d’Ivoire. I want to know why you think Nigeria’s relationship in ECO could be worse?
The whole Europe have one currency (Euro) USA have US Dollars, UAE have Emirati Dirham, so United States of Africa must have Eco
I am in Europe and I don't use Euro.
@@grahamt5924 I think the name of the currency should be called Afriķ and not Eco
mike watson True!! I wrote similar thing in my comment. Similar mind
@@grahamt5924 if you are in a European Union country you probably use it.Are you from UK or a non EU country?
@@biliminsrlar5752 I am in England. There are other countries in Europe that dont use the Euro and after what this did to the Greeks, I would not recomend a common currency between dissimilar economies.
*_Domination by Nigeria is better than domination by France._* ❤🌍
Exactly
@@hyacinthdibley2420 why ? just because they are black ?
This is a dumb comment. Nigerians would rather immigrate to France than remain in Nigeria
@@Zz-lp8yr - Nope! Coz a brother teasing you is better than the neighbours kid beating you up.
@@deadman4150 - *_150 million Nigerians can't immigrate to France._* Who's the dumb one now? 🤔
Its a good start. But we need one African currency for all Africa
paul young that might not be necessary.
Go Africa good job
Great video. And I like the way you give information.
To respond to some of the comment under this video.
As a Nigerian i think that It will be vert difficult for diffrent contries of Africa to stabilize thier economy without forgine help. I don't say this because i'm pessimist, but because I know how our society(in africa) is still fragmented by historic matter and the greed/incompetence of the major part of our leaders can risk to cause more conflit than before if they afford to this currency.
Not all countries that will use this currency is going to benefict from it. Just like Italy, Greece and Spain in Europe (i know what i'm talking about, i live in Italy).
But is also true that we as aficans can't continue sinking with the millions of problems we have today.
That's why i really hope that i'm wrong because it will be a great opportunity for africa to try to have a stable economy. But it will be hard.
Africa could be seen in the future as on nation. The United States of Africa.
That's what I'm waiting for then after that I want to see more women involved in politics not just men I want to see their laws changed towards women because women don't have no rights in certain parts of Africa and that's the only thing that keeps me from wanting to move to Africa I'll visit but I'm not going to move until I got rights and protection because I don't want no man to have no power over my body and do whatever he wants to do the things that they're trying to do here in the United States that I will not stand for
@@truthfulrating5802 do you think the hood lums that run rampant in africa would care about a law they would still do it
I don't think that possible, the division of culture, relegion, language and tradition is to big.
The reason it work for the USA is because it start from a melting pot of Europeen culture and was a natural evolution .
At minimum a division for religion I could, 2 country:
- a muslim north
- a christian south.
Adolf Hitler who cares about what you accept.
Watch it happen sucker. You can’t stop what is destined to happen.
Tell France to go kick rocks. The whole of Africa is amazing and can come into its true identity and potential. Praying for you. Rise up ✊🏼❤️
Please wake up! Inflation will come, corruption will not come as its plenty there already! Look at this leaders, they not even able to have proper elections. No member state satisfies all three criteria for adoption, i guess its a good start LOL!!!
Wow! This is an amazing out come!
Africa must invest in Africa and its people, not the season to invest in France. Time to end neo-colonialism...
Print ~
"ECO" should and must be print in Africa to makes it valid and stable across the glob.
I love this channel very informative
It’s about dam time yay!!!
Best wishes and good luck to Africa from Central America!!
There needs to be one currency for the WHOLE of Africa as Gaddafi was moving towards before they killed him...
That’s the best thing u can do is have control over yo currency that means real freedom congrats I will be really really happy when Africa just shares 1 currency 💴 be so proud 💚✅
The single currency concept sounds great. However do you really think these leaders are in control of this new currency? Really?
Applause to the West Africsn countries who have made this bold move! You're truly showing your unity and have shaken off the shackles of imperialism!!!💕💯
Love this!!! If power does move to Nigeria I don’t see the issue. I would much rather Nigeria has power than France. We need to stop that and learn to trust one another. Good job west Africa.
I say YES! It is time for Afrikan people worldwide to claim our freedom. We are not currently free.
I pray they adopt the currency. If something bad ends up happening at least they will have tried it and africa as the youngest continent hat to try and fail. We lean from mistakes. We cannot be marionette of Europe, america and Asia forever. The European Union was not made in one day and not all countries passed all their requirements but they did it little by little.
Africa is the oldest in terms of the presence of intelligent people. The Moors of North Africa built the first university in all of then-illiterate Europe. The University at Salamenca is still in operation today. So, Africa has always has the resources to actualize. The problem has always been Europe because Europeans would have starved in caves, wearing pelts for clothing without the richness of Africa to feed on as vampires.
@@SlimDaddy9 lol.😂
Nigeria is the economic power house of Africa 🇳🇬
Uche Eze stop the division statement. At this point we want the word Africa the whole country not just different countries in africa
@@jeanwilliams-bowens124 ...that's what the Neo Colonists taught Uche😆😆😆..
Jean Williams-Bowens what are u saying
if nigeria is the economic powerhouse why is it so underdeveloped? why is it these multinational corporations are extracting billions from Nigeria Shell oil, Texaco oil etc. Nigeria does have the most potential but u guys reelected Buhari u guys can't be too bright. even as a outsider it is pretty obvious Buhari is a buffoon. you can't be a economic powerhouse there are security crises in Nigeria. Nigerians in the disapora should return to build their country white man ain't holding them back so what's stopping them?
Charles Irby Sorry, Buhari wasn't reelected, he rigged himself back to power using the military- read about what happened during the elections in February. ...80% of Nigerians are sick of him and cant waut for him to leave office..whatever the case he can't stay beyond another 3+ years so....
As for Nigeria being the economic powerhouse, why do u have a problem with that? Nigeria's GDP is over 70% of West Africa and the largest in Africa...We might have challenges but Nigerians don't play when it comes to working hard, doing business and growing wealth....Visit the country and see what am talking about...Most people who visit the country for the first time can't believe the amount of money/ wealth they see in the country; ok, there's poverty, a lot of infrastructure is lacking but we are growing little by little. ..We are just 60 years as a nation; another 30 more years and Naija will get there
Freedom is never painless , we must take control of our destiny.
This is truly awesome! Inspiring to see Africa's development!
This is a good start. What I would like to see is the United States of Africa. These countries should go beyond economic union and strive to attain full political union. They would be a force to be reckoned with.
Nigeria dominating is a good thing...we have to stop fearing our own...
Your own sold you into slavery for shiny mirrors a few hundred years ago.
Hardy Fascist we like to think about what we can do “today” and dwell less on the past...besides the slave story you re telling us about is an incompletely account...such thing never happened...history is a lie...we don’t believe one bit of the slave story...not me.
Great video.. good work, clean research.. keep it up...
Africa needs a single currency, this is a great start to it. Africa Unite!
Best channel relating to African politics.
I am in African American and always excited to hear about great things happening in Africa and certainly anything that will release Europe's strong hold on the continent. I am prayerful that it all works in West Africa's favor. Great educational video. I will make sure to share and you just got a new subscriber. Thank you for sharing.
Europe's strong hold is being replaced slowly with china's strong hold.
In all honesty I think that the African continent as a whole should be united in all political aspects...and close their borders to Europe and North America and make the world become dependent on the continent
All of you brothers and Sisters in Africa and in the Diaspora. You guys need to watch the video's about ECOWAS currency. It look to me that the European Union (EU) and America, France, Germany, Israel, Netherlands are already working with the African ECOWAS in Africa. The USA-AID - World Bank Partner with ECOWAS is already established.
To me it look like this is going be be a new form of colonization by white nations. Review those videos on RUclips and Al Jazeera. My personal opinion is that Europeans will control the monetary of ECOWAS. See some of those videos and let me know your thoughts.
Nigeria is not a close friend to France
@@eghosa2705 France is controlling the Financial system in Nigeria. I saw the video were France was controlling the discussion about how the ECOWAS will help Nigeria and France. It is just another snaky trick the devil is pulling over their eyes. Wake Up my people.
Are you drunk? In Europe Nigeria is only close to Germany and great Britain and France control the financial system in Nigeria? You're funny bro
@@eghosa2705 My bad, I was wrong mentioning France. It was the British who colonized Nigeria. Here is a short video showing the British has approved the currency to trade with. Why do the British or any other White government have to approve what the Africans can trade with?
ruclips.net/video/4Y0vbcbwMfA/видео.html
Nigeria is a friend to France? This is the first time I'm hearing this.
I hope France's neo-colonialism will finaly be over! 🇳🇱❤🌍
Awesome!!! One currency will lead to one Africa!!
We are stronger together. ECOWAS!!
let not allow Europeans to fail our plan. Nigeria cannot control the money the money will be control my thr west Africa central bank. is a good idea to have one currency from senegal
Momodou these are the white nations involved in the ECOWAS; Britan, Netherlands, Eoropean Union and Unite States (USA-AID) world bank will control the ECOWAS finances. Please Google all this.
Also watch this video showing Nigerian President making a deal with France.
ruclips.net/video/u-6JRWy4WD4/видео.html
Momodou Dem where’s west African central bank? But France been controlling your forefathers, your grandma grandpa your patents n yourself.. you dummy cow 🐄
Remember One will take care of something that is left under his or her care more. Besides Nigeria has always been a home for all Africans my brother.
Africa can do it , I feel momentum building for Africa , the road will be difficult , but Africa can do it , Love , from Ireland
This will be the best thing ECOWAS will do for her member nations. Together we can only stand tall and grow.
Great job I am really educated by this post !
My question is. Are African countries independent enough? Is your system strong enough ? Are your leaders still corrupt ?
All countries are corrupt some just hide it better than others. When
@@mr.takethingstooseriously no, there are definitely huge variations of degrees of corruption and very important differences in the rights that citizens and others are accorded. very ignorant comment.
@@ckminty603 so only African countries are corrupt? United states for example is free from corruption? When a trade with Brazil hurts American soy farmers to the point of homelessness but a trade war with China can be slowed by talking to one CEO. Or having immigrates illegal or not in captivity. Or fight other countries for oil. Or having a judicial system that imprisons innocent people knowing they are innocent. If a african millionaire bribes the president of an African nation its corruption. When an american millionaire bribes an american president it's called a lobbying group. When an african president does things that opposes the wants of it's people it corruption when an american president does it its bureaucracy. I guess point out the obvious is ignorant.
@@ckminty603 btw I never said to the same level I said "all countries are corrupt some are just better at hiding it". The average person would agree unless your a nationalist.
Oh Lord, you want to make me cry. Why are we selling our our people? Our people been through enough. All these Governments are all the same.
Just like the past Kings that were in on the take in the Slave Trade.
Excellent 🌍❤️✌️
Good job, Motherland! ❤️🙏🏽❤️
This is why Qaddafi was killed.
Hopefully it wouldn’t have been in vain I’m rooting for Africa
I'm surprised they waited so long. Cambodia, Laos, and Vietnam was apart of French Indochina and they used the French Indochinese piastre
. After independence all three countries declared their own currency in the early 1950s.
so france will let those reserves be moved with the new currency? what? just like that?
This is uncharted territory, the west power lies in it's distortions of truth! Tricks and lies is the power behind the west rule over Africans! It's over for the white man ,his birth rate is a witness the 6000yrs to rule is over! Apdta!
I'm from the future, 2020 to be precise. Still no Eco if you are wondering. Brilliant piece by the way!!