Connect with us

News

France Against ECOWAS Single Currency- Members of ECOPARL

Published

on

France Against ECOWAS Single Currency- Members of ECOPARL

By: Michael Mike

The French government has been accused of moving against the adoption of a single currency for the entire West Africa region.

The adoption of the single currency, ECO would have wiped out CFA franc which is currently used by the Francophone countries that are more than have of the members of the Economic Community of West African States (ECOWAS), the regional bloc

The CFA franc was created in the 1930s on the eve of the Second World War, and many critics see it as a neo-colonial device and a form of French monetary imperialism in Africa that continues to destroy any prospect of economic development in user nations.

Hon. Kolawole Taiwo, representing Ajeromi/Ifelodun Federal Constituency, Lagos and a member of the ECOWAS Parliament, said the single currency in West Africa is not about technicalities but about political will to set it in motion.

He said: “Our leaders are not ready to make it happen. There are too many external interferences that are delaying it. For instance the Francophone countries still see France as their master, and the French don’t want to let go of them which was the reason why they came up with CFA franc in order to block the achievements of single currency which is known as Eco.”

He stressed that: “The problem of Eco is not technical but it is the political reason. If our leaders want it to happen tomorrow, they will announce it.“

Another member of the ECOWAS Parliament from Liberia, Mr. Clarence Massaquoi said that achieving a single currency in the region in 2027 demands a practicalised political will to do it.

He said: “We should be concerned about the economy of other smaller countries, which will speak well of the political will of our leaders of their countries.

“I think in the ECOWAS region, we are reluctant to exercise our political will on several decisions.”

He added that “they should not be afraid of political powers which for me is one of the reasons why we lag behind in decisions. I am only hoping that we would say that because it took the EU 37 years to come up with the Euro, so we too should take 37 years even if we have the possibility and prospect and willingness of the people to do it today.”

“I hope ECOWAS can take decisions; the political will is for the structure itself. As it stands, the parliament does not have a full parliament power, so most of the decisions are taken by the authority of Heads of States. If they are not willing to let go of some of the political control and are not willing to stand the fear of losing control, then we cannot thrive. Even the decision to give the parliament full parliamentary power,” he added.

France Against ECOWAS Single Currency- Members of ECOPARL

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

RHI Presents Food Items to Vulnerable Groups in Yobe State

Published

on

RHI Presents Food Items to Vulnerable Groups in Yobe State


…Making it the 20th State to Benefit from the Support

By: Our Reporter

The Renewed Hope Initiative (RHI) Food Outreach Program, launched in Abuja in March 2024 to provide monthly support to vulnerable groups and persons with disabilities, has reached Yobe State—making it the 20th state to benefit from the initiative.
Since its inception, the program has covered Abia, Adamawa, Benue, Borno, Cross River, Delta, Edo, Ekiti, Enugu, Gombe, Kaduna, Kano, Kogi, Kwara, Lagos, Nasarawa, Oyo, Plateau, and Sokoto States before arriving in Yobe.
With generous support from the Abdul Samad Rabiu Africa Initiative (ASR Africa) and another industrialist who prefers to remain anonymous, assorted food items were delivered, bringing relief to many households, particularly those with disabilities.


The First Lady and Chairman of the Renewed Hope Initiative, Senator Oluremi Tinubu, noted that donors provide two truckloads of food items to each beneficiary state for onward distribution. Represented by the Wife of the Vice President, Hajiya Nana Shettima, she highlighted Yobe as a major beneficiary of RHI programs and interventions.
These include:

  • The Tony Elumelu Foundation Women Economists Empowerment Program, which supported 500 women with ₦50,000 each.
  • The RHI Women Agricultural Support Scheme, where 20 women received ₦500,000 each.
  • A ₦68.9 million grant from the Federal Ministry of Agriculture to the Young Farmers Club.
  • Annual financial support to senior citizens, with 100 beneficiaries receiving ₦100,000 each in 2023 and 250 beneficiaries receiving ₦200,000 each.
  • A ₦50 million financial grant to 1,000 petty traders.
  • The Women in ICT Program, aimed at empowering women in the digital economy.
    According to Senator Tinubu, these interventions are designed to complement the Renewed Hope Agenda of President Bola Ahmed Tinubu.
    Yobe State Governor, Mai Mala Buni represented by his Deputy Governor, Alhaji Idi Barde Gubana reaffirmed his government’s commitment to the initiative, noting that the state has aligned with RHI through various empowerment programs for women, children, and vulnerable groups. These include the distribution of household items, skill acquisition schemes, and post-insurgency recovery programs that have economically empowered many women.

  • The State Coordinator of RHI and Wife of the Yobe State Governor, Hajiya Hafsat Kollere Buni, expressed gratitude to the First Lady for extending such impactful support to Yobe State. She also looked forward to stronger collaborations to further project the ideals of RHI and improve the lives of the people.
    Also present at the event was Dr. Ubong Udoh, Managing Director of the Abdul Samad Rabiu Africa Initiative, one of the key donors to the program.
  • RHI Presents Food Items to Vulnerable Groups in Yobe State
Continue Reading

News

Monguno says lack of national cohesion fuels insurgency

Published

on

Monguno says lack of national cohesion fuels insurgency

By: Zagazola Makama

Former National Security Adviser, Maj.-Gen. Babagana Monguno (rtd.), has warned that Nigeria’s fight against insurgency will remain elusive without national cohesion and a united front across society.

Monguno stated this in Abuja on Thursday at the launch of Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).

He said Boko Haram and other violent groups had thrived by exploiting Nigeria’s divisions, stressing that disunity among citizens, political actors, and institutions weakened the country’s capacity to defeat terrorism.

“Without national cohesion, insurgency will not end. Terrorists feed on our fault lines – ethnic, religious, political – and they weaponise them against us. If we remain divided, no amount of military might will deliver lasting peace,” Monguno said.

He urged Nigerians to rise above parochial sentiments and embrace a spirit of patriotism, solidarity, and common purpose. According to him, the fight against insurgency must go beyond the battlefield to include reconciliation, justice, and inclusive governance.

The retired General emphasised that the scars left by Boko Haram were not just physical but also psychological and social, making unity a vital condition for national healing.

“The book reminds us that security is not just the work of soldiers. It is the responsibility of leaders, institutions, and citizens. Unless we build cohesion, insurgency will continue to mutate in different forms,” he added.

Monguno commended Gen. Irabor for documenting his experience, describing the work as a guide that combines history, strategy, and national lessons for the future.

The event was attended by former Presidents Olusegun Obasanjo and Goodluck Jonathan, the Minister of Defence, service chiefs, traditional rulers, diplomats, and senior government officials.

Monguno says lack of national cohesion fuels insurgency

Continue Reading

News

Kukah says military operations alone cannot end insurgency, stresses soft power approach

Published

on

Kukah says military operations alone cannot end insurgency, stresses soft power approach

By: Zagazola Makama

The Catholic Bishop of Sokoto Diocese, Most Rev. Matthew Hassan Kukah, has said Nigeria cannot defeat insurgency through military operations alone, stressing the need to embrace soft power and address root causes of insecurity.

Kukah made this known in Abuja on Thursday while reviewing Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).

He said the country’s reliance on military doctrines and repeated counter-insurgency operations had failed to produce lasting peace because Boko Haram represented an ideology, not just an armed threat.

“For years, we have had Operation Lafiya Dole, Operation Restore Order, Operation Hadin Kai, Operation Safe Haven, and many others. Yet, when one operation fails, another is launched. These operations have not ended the insurgency because you cannot fight an idea with weapons alone,” Kukah said.

The cleric argued that describing the insurgency only in military terms forecloses other sources of information and non-kinetic solutions that are critical to peacebuilding.

According to him, Boko Haram’s struggle is framed as a jihad, and many of its fighters see death as martyrdom, making them indifferent to conventional deterrence.

“The challenge before us is not merely about defeating insurgents on the battlefield, but about understanding the soft issues of life and death. Guns cannot build peace; soft power must complement military power,” he said.

Kukah pointed to chapters 11, 12 and 13 of Irabor’s book, which emphasise reconciliation, good governance, justice, and national healing as critical conditions for security.

He praised the author’s reflections for going beyond military strategy, describing them as “the writings of a priest” that call for dialogue, reforms and moral renewal.

The bishop added that Nigeria must prioritise structural reforms, political inclusion, patriotism, and judicial integrity to tackle grievances that feed extremism.

“The urgency now is to invest in soft power – in human development, reconciliation, and building trust in institutions. Military operations can only create space; it is ideas and justice that will sustain peace,” Kukah said.

The event attracted former Presidents Olusegun Obasanjo and Goodluck Jonathan, senior government officials, service chiefs, diplomats, and other dignitaries.
End

Continue Reading

Trending

Verified by MonsterInsights