I dont just understand Nigerian government with senseless and low thinking, I dont just understand why all this and how come we have so much daft poeple in Nigeria government. its just so annoying they cant think straight of makes things so accurate and sensible but all they focus on is how to steal.
Most countries are now uniting to form one monetary currency zone, Asia and American continent will be starting soon and we all know Europe is already using Euro. I dont know why Africa is always the last and why the government cant just make things right instead of stealing and cursing corruption to the African countries, West African countries (ECOWAS) is the fastest growing union in africa and so far they have being improving slowly and now they are they want to introduce one west African currency.
Some west African countries (Benin, Burkina Faso, C?te d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo) who where colonised by France are presently using one currency "CFA Franc" which is equivalent to Euro currency, So the rest of the British colonised contries (Gambia, Ghana, Nigeria, Sierra Leone, Guinea, Liberia) now want to create a new currency called "ECO" by december 2009 which will make a single currency that will be spend in this named countries. (Cape Verde would then also join)
The currency will be equivalent to Euros and definately higher than US dollars, The currency will be a good start of development growth to the pre-developing country like Liberia and Sierra Leone and will bust west african markets and trades. The little floop now is the west africa will have 2 currency under one union ECOWAS, This wont make the countries economy stable and their will still be some retrictions in the region due to the different monetary zone UEMOA and WAMZ, This will also curse instability of the market tradings within this region which might affect the ECOWAS market exchange with foriegn countries such like China and the EU. I believe they and should create a single currency or merge up with the CFA Franc to have one currency which will represent single currency for west africa just like the ECOWAS PASSPORT.
I wish to have contributions from everyone what you think according to the economic analysis of the global market of the west african countries. . . All seems to need Nigeria including the whole Africa.