'There Will Be No CBN', Isemede Reels Out Impact 'Eco' Currency Will Have On Nigeria's Economy

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  • Опубликовано: 30 ноя 2024

Комментарии • 108

  • @ucheezerioha5649
    @ucheezerioha5649 4 года назад +7

    This man is well grounded in what he is saying. He has so much knowledge and I admire his deep analysis.

    • @setumomahakoe7791
      @setumomahakoe7791 3 года назад

      why is the problem with Francophone countries- ???
      Let Franse come out of the picture and Africa come with Africa Solution...

  • @1ishara
    @1ishara 4 года назад +30

    Gbagbo was right and should be brought back. Quatara must go, yes we must remove him.

    • @gbadebomutiu2368
      @gbadebomutiu2368 4 года назад +1

      Why should you remove him are you an ivorian

    • @cheekwiz
      @cheekwiz 4 года назад +3

      Abiodun Onadeko 7 months later. You’re vindicated , Ouattara seeking 3rd term backed by imperialist France. Gbagbo didn’t want that BS

  • @presidentoneday6634
    @presidentoneday6634 4 года назад +33

    As long as France is involved, no English speaking nation should join. Francophone are not serious, they don't want their freedom.

  • @bisib1789
    @bisib1789 4 года назад +5

    THANK YOU SIR FOR ALL THIS EXPLICATION.

  • @meaningfulvortex1588
    @meaningfulvortex1588 4 года назад +7

    It is so sad...! We must wake up!!!

  • @mazinwamazi1738
    @mazinwamazi1738 4 года назад +13

    This man should be in the fore front of our west african economic policy.Not the uninformed gov ministers.

  • @osaigbovoahunwan2145
    @osaigbovoahunwan2145 4 года назад +15

    this man pass through education and education pass through him.

    • @Ayee1998
      @Ayee1998 4 года назад +2

      Your so right

  • @tylancoleman2862
    @tylancoleman2862 4 года назад +5

    Regardless we have to combine west africa economically and politically to become a global power... We have to implement ECO Correctly. I believe our experts will see that to happen very fast.

  • @davidakehe9206
    @davidakehe9206 4 года назад +13

    This man too get sense abeg,him get all d dates,reference, n items for in head waoo

    • @dareishola
      @dareishola 4 года назад +1

      That is why the head is big. He get too much information in the storage . hahahah

  • @andya3029
    @andya3029 4 года назад +6

    Please dont interrupt this intelligent man, allow him to educate us on this interesting topics, please!

    • @setumomahakoe7791
      @setumomahakoe7791 3 года назад

      Let in another person , together with Isemende , mote ,..no politician but economist sit together with chair of African Bank -to come with '''road map to ''currency - independence'''''...( Franse not invited )

  • @architectdavidrichard1837
    @architectdavidrichard1837 4 года назад +4

    This are the kind of men we need in government that know the Economy and have the country at heart. No politicians can answer this question.

    • @setumomahakoe7791
      @setumomahakoe7791 3 года назад

      Let Isemende talk to Arikana , Chair of Africa Bank , African Diaspora not politician...( France not invited )

    • @adelekefasakin320
      @adelekefasakin320 3 года назад

      people in politics are very intelligent with great CV as well. Just that power corrupts and absolute power corrupt absolutely

  • @ikeiwueze9713
    @ikeiwueze9713 4 года назад +7

    John Isemede spitting 🔥. He truly gets it. I really wished the interviewer stopped interrupting him at the climax point of every message he was giving. I've said it joining France/Eco would be an acquisition of Nigeria. People would become poorer, less confidence of our businesses or entrepreneurs to compete. The key to Africa's growth and success is participating in Global trade, increase in African entrepreneurs and Unity/support amongst African and its businesses. How many African millionaires or billionaires can you find in Francophone african countries today ? Go figure. Few to none. Cause France businesses become the producers and the middleman (Owners of the whole supply chain). Nigerians let's keep our Naira. Thank you Mr Isemede for understanding the hidden truth and knowledge. Let's cherish our intelligentsia like him while they're still living

    • @NanaBaah
      @NanaBaah 4 года назад +1

      The French are not foolish. There is a reason they made francophones jump the gun. The world is going global. Nigeria can keep the naira. It only limits their business. Dangote refinery will want to export to the West African market. No other country spends naira. So they have to change their currency into dollars or EUROS, they get from their exports. Once they have that it becomes more convenient to buy the petrol from Europe or America rather than incur another cost to transact in naira, when they buy from Dangote. But if there was a single currency there won't be any transaction cost since we spend same currency therefore more convenient to buy from Dangote.

  • @tonyadj6994
    @tonyadj6994 4 года назад +10

    We must focus on the AfCFTA, make the Naira strong again, create the AFRO currency, peg it to Gold and Africa has arrived...

  • @Boom38119
    @Boom38119 4 года назад +7

    I watched this twice and this guy makes alot of sense. I checked and the Naira was unpegged from USD in 2016 to avoid foreign manipulation. Why would Nigeria go back to a currency(Eco) that's pegged to the Euro? And why would they lose their central banks to let France control it? It doesn't make sense. I think Nigeria knows this which is why they're dragging their feet and most likely won't join. Only way I see this happening if the Eco exchange rate is so low that the corrupt politicians will join so the money they steal can go further.

  • @Swiftbizz
    @Swiftbizz 4 года назад +2

    Wow 😮 Mama Africa!

  • @goodies7813
    @goodies7813 4 года назад +5

    The guest is very impressive.. he should come back. First we need the French troops out of Africa, and we do not want an ECO that is pegged to the Euro, it would only cause more corruption and instability. France has been using the 50% reserves that belong to the Francophone countries to control and develop Europe and its Caribbean Islands for many years, and still taking the mineral and natural resources of the Francophone countries at half the price of the actual price... these Francophone countries are just plain weak and stupid... like the guest said, why is France not telling other countries to surrender their currency.

  • @treasurehunter183hunter8
    @treasurehunter183hunter8 4 года назад +1

    Read the article called diamonds are all blood diamonds and it's stated is being a true document about diamonds by the African people's solidarity committee. You could even download it as a PDF file to be printed up and given copies to your friends. When you read the article it would explain a lot of things about why France is trying to encourage you to change your currency.

    • @ChrisBTommy
      @ChrisBTommy 3 года назад

      where can i get the book

  • @olugbengajaiyesimi113
    @olugbengajaiyesimi113 4 года назад +3

    Didn't know I was coming for an history class not related at all to the question at hand !

  • @vince9240
    @vince9240 4 года назад +1

    Take care Nigeria, be ware, don't cave in to one world government(a food for thought if you wish)

  • @NanaBaah
    @NanaBaah 4 года назад +2

    Don't understand Nigerians. As a big brother if they had quickly met the criteria, had the ECO in circulation they would have dictated the rules. The francophone countries quickly adopted the ECO & made their rules becos there was none in circulation. If today they start printing the currency there is nothing Nigeria and the rest can do. Nigeria is too busy looking inwards instead of doing what Germany did. They are the ones who will benefit most from a single currency. A single currency still happen with or without Nigeria. Without Nigeria it well be like the CFA, with Nigeria it has the potential to be like the EURO. If they let this moment pass they will forever be boxed in, & their whole ECOWAS project will be a big waste.

    • @chrisoghenetegamaloney5799
      @chrisoghenetegamaloney5799 4 года назад

      Nana Baah shut up 🤐 your smiling out did ghana met criteria with her 26 million ppl,.. fools... Nigeria 🇳🇬 is big brother to africa n remain so, if not for us y’all coward would follow follow Francophone into pit...

  • @исраеледет
    @исраеледет 4 года назад +5

    Allow the prof explain you mr interviewer.. haba

  • @tatenen3552
    @tatenen3552 4 года назад +3

    The Nigerian Niara is a strong current, with Nigeria at over 20% of Africa's economy, why can't Africa states peck their currencies to the Naira? How will we make Africa competitive and strong with Europeans and Americans currencies if we cannot come together to strengthen what is strongest among us.

  • @ditshegomosienyane1945
    @ditshegomosienyane1945 3 года назад

    Given the euphoria about Nana Akufo Ado being the contemporary chief priest of pan-Africanism, you would not believe that he would allow Ghana to be used and manipulated by France. After France and Alasana Watara (someone help me spell his name correctly) connived to steal the Eco, Ghana was one of the first counties to surrender its soul to the currency, day-light looting by France with the assistance of Cote’ de Voir, why? It is impossible for there to be a currency convergence with so many disparities among the candidate member countries. It does not matter fro which angle you look at the issue, whether it is fiscal policy, monetary policy, or whatever, it is simply not workable. ECOWAS should learn from the experiences of the Euro and the manipulative Macron.

  • @dan.S5050
    @dan.S5050 4 года назад +3

    I get that the interviewee opposes a currency union citing that it has not brought prosperity to Nigeria. And that in fact the country has rather done a lot for the region and Africa to it's own detriment.
    I think what we as West Africans, and Africans, need to seek within ourselves and weigh things out to see how have we done, how are we doing? Do we like it as it things as they are now, do we like how it has been? The Ecowas project started in 1975 and had ambitions for all the things outlined on trade, a currency union and shared institutions because of what? It seams to me we may have lost what it is that we wanted to achieve. That may be why we would not enforce and set up institutions that will help us get there.
    We hold the European Union as the model, among other unions in Asia and America. Truth is we forget it all must be centered or focused on 'people'. The people of Africa. Today, Nigeria alone - which forms 1/5 of the continent's population - still has almost half of its population living in extreme poverty. We have around 1.3 billion people in Africa with more than half below the age of 35 and needing jobs, housing, decent healthcare, and food. We are told all these numbers and demographics will double by 2050. So, I'd argue if the interviewee has another way we can feed ourselves, cloth ourselves and live decent healthy lifestyles in the next 25 years as our population doubles, he should tell us. Otherwise, we most probably just need to try harder to build these institutions up, trade more with each other and enact and implement more policies that help raise the many out of poverty than just the few in Nigeria alone. If Nigeria alone does well, as history has shown us in South Africa, every body will move there to your doorstep and compete with your citizens for your jobs, food and shelter. We know what this leads to right?
    Let us attempt to do what allows more of our peoples everywhere on the continent to thrive and look after themselves. We don't really have any other option, I feel.

    • @albejaine
      @albejaine 4 года назад

      He is saying that it cannot work without proper structure i.e single economic policies agreed on by each member country. Before adoption of a single, there has to be proper traee agreements abd solid policies otherwise the entire thing can collapse.

  • @georgekwende8212
    @georgekwende8212 4 года назад +1

    Love ur brain sir. Stay closer our Africa block head presidents so they should not sell us.

  • @treasurehunter183hunter8
    @treasurehunter183hunter8 4 года назад +1

    Mr. Reporter you're talking about trading with other countries such as America you have 54 countries in the continent of Africa if you open all your borders you could do free trade among all the other countries. Come on brother think about it make the other continents come to Africa..... Grow your own rice your own beans your own Tomatoes your own watermelon and everything that's imaginable. If you open all the borders and have free trade areas within the continent of Africa then you don't have to get your goods in need of a continent.

  • @architectdavidrichard1837
    @architectdavidrichard1837 4 года назад +1

    Buhari should leave ASo rock for this man to be one of Nigeria leaders. brainbox

  • @setumomahakoe7791
    @setumomahakoe7791 3 года назад +1

    Africa need to stand alone , for now

  • @korakkorak2005
    @korakkorak2005 4 года назад

    France Neocolonialism in Africa is not ending anytime soon .French-backed regional currency that dates back to the colonial era, making a significant symbolic come back through a new currency in west Africa called the ECO.The president of Ivory Coast, Alassane Ouattara, speaking at a joint news conference with the visiting president of France, Emmanuel Macron, said that the bloc was changing the name of the C.F.A. franc, used in eight West African countries, and renaming it the Eco.Same old wine in a new packaging.The (C.F.A) stood French Colonies of Africa when the then-colonial power introduced the currency in 1945, though it was caricatured to mean CFA(Financial Community of Africa) , nothing was changed in the colonial contract . It is seen by many as a relic of “Françafrique,” the unofficial system under which France exerted Contols over its former colonies in sub-Saharan Africa long after independence. The new eco would be a continuation of slavery. No country is free without economic freedom, freedom to have its own currency, its own monetary policy, control inflation and set interest rates.

  • @davyslanguages
    @davyslanguages 4 года назад +1

    Naira is meant for all West Africa

  • @aniemmanuel3160
    @aniemmanuel3160 4 года назад +2

    No solution so far

  • @anselthompson365
    @anselthompson365 4 года назад +1

    Why is Nigeria wasting time with regional currency? Is African single Forex currency not what Africa need?

    • @ericbioh8939
      @ericbioh8939 Год назад

      These people are hypocrites in all aspects they want to only appear when the meal is ready typical example is the giant cocoa country coming together however they claimed they had sense and didn’t want to join but now when they realize they are smelling pepper they joined bad mind will let the great king fall all the time

  • @fraimework
    @fraimework 3 года назад

    UNCLE LAND NAAAWWWWU AH ALLL THIS LEG OVER give us the answer straight

  • @samuelantwi9884
    @samuelantwi9884 4 года назад +1

    Ghana and Nigeria are powerful economies in west Africa Ghana and Nigeria will not agree French agenda Ghana currency is more powerful than all west Africa country

  • @mswoodeA
    @mswoodeA 4 года назад +4

    Listening to this man makes me realize that we are in desperate need of young African Leaders! He made absolutely NO SENSE! WHY CAN'T ALLLLLL WEST AFRICANS COME TOGETHER? since 1999? really? Thats just SAD!!!!! MR SIR...YOU ARE PART OF THE CRACKS! BIG UPS TO GHANA SMALL COUNTRY WITH A BIG MIND!!

  • @mazinwamazi1738
    @mazinwamazi1738 4 года назад +10

    Ghanaians has been sabotaging our interest for donkey years.We keep our Naira.

    • @watchingthehawks355
      @watchingthehawks355 4 года назад +4

      Nigerian leaders are to be blame not Ghana, France using divide and rule tactics because of Nigerian failure to take the Leadership.

    • @watchingthehawks355
      @watchingthehawks355 4 года назад +2

      @@festyade8546 France is succeeding because of Nigerian weakness,we have to decide and galvanize the people of west Africa and decide our future France should be cut off but Nigeria has to act,success of these countries means success for Nigeria.

    • @osaigbovoahunwan2145
      @osaigbovoahunwan2145 4 года назад +4

      Ghana is never a friend to Nigeria and it can never be, Ghana decide even if they are loosing because of Nigeria.

    • @watchingthehawks355
      @watchingthehawks355 4 года назад

      @@osaigbovoahunwan2145 I don't think so.

    • @jahadom1885
      @jahadom1885 4 года назад +1

      @@osaigbovoahunwan2145
      The same thing Nigeria is not friend. So what is your problem.

  • @isoryte201
    @isoryte201 Год назад

    Thank you sir for the confusion. The anchor repeatedly asked "What's the way forward?" but you're always going back to 1910, 1944, 1982, and so on and then jump to irrelevant tirade about issues in Europe, Asia. Am more confused than I was before

  • @MrSundex02
    @MrSundex02 4 года назад +5

    John Isemede was more concerned about displaying his knowledge than giving appropriate answers to the interviewer's questions and that really affected the quality of this interview. Really looking forward to a better interview on this topic from Channels TV because I still don't understand the whole ECO concept yet.

    • @joeyternaagor6457
      @joeyternaagor6457 4 года назад +1

      I wholly share your sense of the interview. The interviewer's repeated efforts to focus the exchange didn't seem to work with Mr. Isemede who just threw in all manner of side show knowledge not pertinent to the question to be addressed. In the end he mesmerized us with his rich knowledge and experience but left us, at least me, still stranded in the wilderness, without an escape route out of this single currency conundrum, sadly.

    • @stainlesssmart139
      @stainlesssmart139 4 года назад

      An inconclusive and incomprehensible Interview... Personally i could not summarise the GUEST Analyses on this Eco Subject. By the way the PROJECT has already been hijacked by FRANCE through Mr OUATTARA of Ivory Coast who was imposed on the Ivoirians as their President by the same FRANCE. Nigeria should do its plus and minus concerning this PROJECT without including nor depending on Ghana THOUGHTS, Because FRANCE and the WESTERNERS will use Ghana or CIV to fragilise NGAs MIGHT and reduce HER to the size of these Primitive Economic Countries.....

    • @beyawnmortals9148
      @beyawnmortals9148 4 года назад

      @@stainlesssmart139 although neither the host nor the guest were clear cut in solutions nor hard questions for that matter. I was able to obtain some history lessons and understand that the ECOWAS can not be based on European standard, the debt to GDP and all the other criteria's must be set to truely reflect the west African nations. European standard is beyond what ECOWAS can reach. When setting goals start with 1 that's achievable, gradually moving up. Anyways I pray what he said about Ghana joining isn't true. If it's true I pray Nigeria doesn't join no matter what.

    • @Ayee1998
      @Ayee1998 4 года назад

      This is what's wrong with Nigerians, lack of interest and attention details and historical background. The guest is knowledgeable enough and he wanted to educate us on the historical precedence and background which successfully did for most us.
      Your attitude is also why our policy makers and govt ministers often muddle up things and Nigeria is messed because they don't take time to did out the precedence and the follow up. We are always in a hurry and mistakes abound

  • @bullycamara7337
    @bullycamara7337 4 года назад

    Africa has be a single currency is a very good stape

  • @joeyternaagor6457
    @joeyternaagor6457 4 года назад +7

    Mr. Isemede, sounds very knowledgeable, experienced and capable but he communicates in an emotive, hurried, disjointed and seems rather angry in getting his points across and that detracted from the otherwise impactful information that he was conveying. He should calm down, and try to be less tense in his apparent desire to finger point and fault find. Just point out what's missing and what's needed to correct things and leave the apportionment of blame to the audience members.

    • @ikeiwueze9713
      @ikeiwueze9713 4 года назад +3

      He's usually calm, it's because of the interviewer cutting him off. It's a natural human defensive reaction to quickly getting your point across when you feel threatened of getting interrupted

  • @tjmohammed6962
    @tjmohammed6962 3 года назад

    How come Nigeria can not do something about bokoaram. You are going to liberia to rescue them but you can't recuse your people in Nigeria

    • @ChrisBTommy
      @ChrisBTommy 3 года назад +1

      because Boko haram is political and supported by major politicians for their sole aim to Islamism Nigeria

  • @homebizproms
    @homebizproms 4 года назад

    A mad house of disunity.

  • @korakkorak2005
    @korakkorak2005 4 года назад

    Colonialism continuation.French speaking African countries are not only Financially Poor but mentally poor as well. France is currently introducing another colonial currency called the Eco in west Africa, the poor French Africans are so exited to accept it. Until our brothers and sisters of Francophone Africa are freed , Africa at large is not Free.

  • @goodfathermajor1398
    @goodfathermajor1398 4 года назад

    I disagree with this currency. France should go to French not English

  • @azeeznurudeenademola2224
    @azeeznurudeenademola2224 4 года назад +1

    If this pegging with Europe will reduce corruption .... and allow foreign organizations to monitor the flow of our money ..let join ..... the problem is not France the problem is our corrupt leader .... Maybe recolonization we help us eliminate those criminals

  • @frankwilliams2434
    @frankwilliams2434 4 года назад

    Great job John Isemede! Long story short, if we are gonna build Africa for the Africans, here's what needs to happen. No fiat currencies, no Central banks(Rothchilds of England)!!! Those are old-world traps. We use Bitcoin or create our own CFTA cryptocurrency tied to Bitcoin. Bitcoin is the future and governments around the world are racing to catch up and make the conversion to digital currencies.

  • @aliensmustdiegodfirst8155
    @aliensmustdiegodfirst8155 4 года назад

    Forget anything that doesn't favour the nation like the impersonator jubril.

    • @save_theworld
      @save_theworld 4 года назад

      You're here making noise, while the Yorubaland is protecting their citizens.

  • @adamsakolgo5817
    @adamsakolgo5817 4 года назад +2

    This is the 3rd Video I watched from Nigerian analyst, and it looks like their just complaining instead of taking leadership as the biggest economy. Ghana expressed interest in joining the eco and yet urged that, it should be unpegged to the euro before we join. But you guys always eliminate this fact. I wasn't happy when Ghanaian president actually said this because I thought that, Outarra had betrayed the west African arrangement but I dont know why almost all the speakers are just blaming Ghana. China is big but yet needs their neighbors and same with Nigeria so we need each other.

    • @isadore9793
      @isadore9793 4 года назад +1

      The Ghanian government is not smart enough,they all know how to betray their fellow Africa.

  • @therealist2866
    @therealist2866 4 года назад

    Isolationist relics spouting obtuse conspiracy theories. Who Naira ‘epp?! 🤦‍♀️

    • @Addi_Teacha509
      @Addi_Teacha509 4 года назад

      You are ignorant and give a stench of inferiority complex and deference to the white men

    • @natalienjoki3075
      @natalienjoki3075 4 года назад

      Let's stop stories of the past,time to do our work for our continent and forgot about Europe or France .we have learned at lot from this Europeans we don't need them,the European worked out and came out with their Euro no African countries was involved so we should stop them and kick them out,let's the European go to America,why anything African we must always talking stories why must we be so fool to even think of Europe or France in our African problems.

    • @therealist2866
      @therealist2866 4 года назад

      @ Addi Teacha I do not dignify childish and uncouth personal insults. They merely betray a lack of substance and a crude and poor upbringing.

  • @richardboafo3285
    @richardboafo3285 4 года назад

    So what's this man saying?
    Let your country Nigeria take responsibility.

  • @blessingokpighe5729
    @blessingokpighe5729 4 года назад

    Senseles journalist

  • @chinedumozor8177
    @chinedumozor8177 4 года назад

    This journalist should shut up his mouth.

  • @mrdadar2594
    @mrdadar2594 4 года назад +1

    Stop crying and move along with what you are doing. Who care if they call their money eco.

  • @watchingthehawks355
    @watchingthehawks355 4 года назад

    So this guy means it has to be hundred years before Africa can have a single currency.

    • @buslegun
      @buslegun 4 года назад

      And why should we have a single currency.
      Ornis it so that we can be enslaved bybyou europeans again.
      Are you greedy you cant imagine a point when you will leave us alone

  • @watchingthehawks355
    @watchingthehawks355 4 года назад +3

    This guy is a saboteur.

  • @aniemmanuel3160
    @aniemmanuel3160 4 года назад +2

    This guy don't have point

    • @watchingthehawks355
      @watchingthehawks355 4 года назад

      Nigeria is to be blame,why Nigeria not the Leading in ECO project??

    • @AfrobuzzVevo
      @AfrobuzzVevo 4 года назад

      Watching the Hawks bcz you have to take the leadership but every time when it comes to take decisions you are the one backing up and uncertain...and leaves control to other countries