Nigerian actor Yul Edochie has placed the current state of his country Nigeria on British colonizers saying they cursed Nigeria before leaving.

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His words were responds to colleague actress Uche Jombo’s question on ”Who cursed Nigeria?” Yul Edochie opined that Nigeria was cursed to keep misunderstanding each other and making little progress so they can depend on their former colonizers for help.

The actor included in his tweet that the same curse has been placed on other African countries with here colonized. He advised that Africa needs to wake up and break that curse.

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“Oyibo people!
They structured it in such a way that it will never work. So we’ll keep misunderstanding and fighting each other, making little progress and depending on them for everything. Same thing they did in many other African countries. Africa needs to wake up” his tweet read.

SOURCE: AfricaCelebrities.Com

The post “Oyibo People Cursed Us” – Yul Edochie Blames Nigeria’s Current State On Foreigners appeared first on AfricaCelebrities.Com.

Some Nigerians are not happy with the slow growth of their economy and chief among them is Author Reno Omokri.

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Reno Omokri expressed shock as to how a country that claims to generate over $206 Billion from oil still go ahead to borrow and raise debts from ₦11 trillion in 2015 to ₦29 trillion.

The controversial character who toots himself as “Buhari Tormentor” questioned where all the money disappeared to since no new schools or roads where constructed.

His comment comes at the back of a recent study that showed Nigeria’s population will exceed that of China in the year 2100.

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Reno Omokri said the economy reduced like a failed gambit yet population is on the rise like rabbits and that is causing insecurity in the country.

SOURCE: AfricaCelebrities.Com

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Already, AfricaCelebrities.com reported that the CFA franc will be renamed Eco– which is the new currency to be used by member states of Economic Community of West African States (ECOWAS).

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Under the deal struck between ECOWAS and France, the move will also involve cutting off some of the financial links between Francophone West African countries and France.

However, at an extraordinary meeting of Ministers of Finance and Economy and Governors of Central Banks of West Africa Monetary Zone (WAMZ) member states, it seems the move to rename the CFA franc to Eco was rushed.

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A statement from the meeting indicates that members present at meeting expressed concern at this new development. The statement reads as follows:

EXTRA-ORDINARY MEETING OF THE MINISTERS OF FINANCE AND THE GOVERNORS OF THE CENTRAL BANKS OF THE WEST AFRICAN MONETARY ZONE ON THE ECOWAS SINGLE CURRENCY PROGRAMME

JANUARY 16, 2020

1 An Extra-Ordinary Meeting of the Ministers of Finance and Economy and Governors of Central Banks of the Member States of the West African Monetary Zone (WAMZ) Convergence Council was held on January 16, 2020, in Abuja, Nigeria, under the Chairmanship of Honourable Mamadi CAMARA, Minister for Economy and Finance of the Republic of Guinea.

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2. The Meeting noted with concern, the declaration by His Excellency Alasan Outtar, Chairman of the Authority of Heads of State and Government of the West African Economic and Monetary Union (WAEMU) on December 21, 2019 to unilaterally rename the CFA Franc Eco” by 2020.

3. WAMZ Convergence Council wishes to emphasize that this action not in line with the decisions of the Authority of Heads of State and Government of ECOWAS for the adoption of the “Eco” as the name of an independent ECOWAS Single Currency.

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4. WAMZ Convergence Council reiterates the importance for all ECOWAS member countries to adhere to the decisions of the ECOWAS Authority of Heads of State and Government towards the implementation of the revised roadmap of the ECOWAS Single Currency Programme.

5. The WAMZ Convergence Council recommends that an Extraordinary Summit of the Authority of Heads of State and Government of the WAMZ Member States be convened soon to discuss this matter and other related issues.

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6. Present at this Meeting, were the under-mentioned Ministers of Finance and the Economy and Governors of Central Banks of the member States of the West African monetary Zone:

Hon. Mambury Nse, Minister of Finance and Economic Affairs, Republic of The Gambia Hon. Ken Ofori Atta, Minister of Finance of the Republic of Ghana, Hon. M adi CAMARA, Minister of Economy and Finance of the Republic of Guinea Hon. Samuel D. Twah, Minister of Finance and Development Planning of the Republic of Liberia, Hon. Zainab S. Almed, Minister of Finance, Budget and National Planning of the Federal Republic of Nigeria.

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Hon. Jacob Salta, Minister of Finance of the Republic of Sierra Leone Mr Buah D. Saldy, Senior Advisor, Central Bank of The Gambia Govemor Emest K. Y. Addison, Bank of Ghana Governor Lounceny Nabe, Central Bank of the Republic of Guinea, Governor Aloysius Tartue Jr., Central Bank of Liberia Governor Godwin I. Emefele, Central Bank of Nigeria and Governor Kelfala M. Kallon, Bank of Sierra Leone.

Done in Abuja, Nigeria on this 1 Day of January, 2020: Convergence Council of the WAMZ.

Source: AfricaCelebrities.com

The post WAMZ Convergence Council Express Concerns On The Adoption of Eco As Single Currency For ECOWAS appeared first on AfricaCelebrities.Com.

About a month ago, AfricaCelebrities.com reported that for the first time, a Head of State from Africa’s CFA currency region has openly spoken about the politically and economically sensitive subject related to the CFA franc that could ruin relationship with colonial master France.

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This was in the person of Benin’s President, Patrice Talon who ordered that his country’s foreign currency reserves colonially deposited in French Central Bank be immediately withdrawn.

And as the saying goes, coming events cast their shadows. Today, the CFA franc will now be renamed the Eco, which is the new currency to be used by member states of ECOWAS.

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Under the new deal struck between ECOWAS and France, this will also involve cutting off some of the financial links between Francophone West African countries and France.

The Economic Community of West African States (ECOWAS) has a combined population of 385 million and was set up in 1975.

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It comprises Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

Eight of these countries use one currency, the CFA franc. Those are Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

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As a result of the policy to adopt the Eco, West Africa’s monetary union agreed with France under a deal to ensure that the Eco will remain pegged to the Euro.

The eight African countries for years have had their reserves kept in the French Treasury but they will no longer have to keep 50% of their reserves in the French Treasury.

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There will no longer also be a French representative on the currency union’s board.

For decades Francophone nations in West Africa have had the management of their currency done in France.

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Their financial reserves have always been planned and controlled from France despite gaining independence many years ago.

Source: AfricaCelebrities.com

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Marriage isn’t as popular as it once was.

A new study, published in the Journal of Marriage and Family, may have one explanation as to why: There aren’t enough “economically attractive” men- ones with a good income and a stable job- for single women to marry.

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In the study, researchers examined couples in heterosexual marriages from 2008 to 2012 and 2013 to 2017, compiling character profiles (education and income levels) of the husbands. When they analyzed the pool of available men for these economically attractive traits that demographically-similar single women might look for, there was a shortage of potential matches.

The researchers hypothesized that potential husbands for the single women had an average income nearly 60 percent higher than the actual pool of available men. They were also 30 percent more likely to be employed and 19 percent more likely to have a college degree compared to current bachelors.

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In other words, the researchers say there’s a shortage of available men who are economically attractive, which they define as “partners with either a bachelor’s degree or incomes of more than $40,000 a year.”

While the focus on finances might sound shallow- or at least, not very romantic- lead author, Daniel T. Lichter, PhD, a professor at Cornell University, says money matters in marriage.

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“Economic stability is a key to a stable family life- to getting married, staying married, and marrying well,” he says. “Physical attractiveness may provide an initial filter that draws our attention, but economic considerations and shared values matter much more in the long term. A good job attracts and retains suitable marital partners. And this is true for both men and women.”

Obviously, not every woman (or man) wants to get married. And even those who do want to put a ring on it are doing so later in life.

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“Most young people today no longer marry as teens or when they are in college,” says Lichter.

“In the past, high schools and colleges brought similar young people together in a common space where they would meet, form romantic attachments, and perhaps marry. Delayed marriage now means that young people today must find compatible mates elsewhere — in the work place or in the neighborhood at the local gym, bar, or club.”

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For women, finding a partner with similar educational backgrounds may also get harder. Women are more well-educated than ever before- it’s estimated that 2019 will be the first year that women make up the majority of the college-educated labor force.

And, while there is still a gender pay gap, as more women become financially independent, that may help shift things on the marriage front.

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Lichter says that finding potential male partners who are economically secure may not matter as much when women are the financially-secure ones.

“It seems that this is already becoming more common,” Lichter says. “In the past, it was the case that young women usually ‘married up’ in education or in socioeconomic status. But this is no longer true. Increasingly, young women are marrying men with less education than themselves.”

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He continues: “This is due in part to a shortage of similarly-educated men, but women today also are looking for more than a good provider, but for an egalitarian partner to share their lives together.”

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