West African countries' leaders are in Niamey, Niger Republic, for talks on the proposed single currency for the Economic Community of West African States (ECOWAS).

The Nigerian president, Mr Muhammadu Buhari, is at the meeting which is the 4th of the Presidential Task Force of ECOWAS.

President Buhari travelled with some Nigerian delegates - the Governor of Central Bank, Mr Godwin Emefiele, Minister of Finance, Mrs Kemi Adeosun and other top government officials.

The idea for a common tender for West African region was first proposed nearly 20 years ago, but the region is yet to reach a common ground on the currency.

The decision was reached by the heads of state of 15 member countries at a summit of the ECOWAS, the region's economic commission, in Lome, Togo in 1999.

Its achievement has been set for 2020, but the union is striving to overcome scepticism about the prospects of this coming to pass.

The Eco is the proposed name for the common currency that the West African Monetary Zone (WAMZ) plans to introduce in the framework of ECOWAS.

The proposed date for introduction has been shifted at least 4 times before and this has posed questions about how much willing the leaders are to push for the actualisation of the currency.

Will 2020 see the introduction of the currency?

Source: http://news.bounce.ng/Content/photos-buhari-others-in-niger-republic-for-ecowas-single-currency-talks-20171024

The Submission I rendered yesterday.

TheHistorian:
Baba....Please go to that meeting also to address Morocco's interest of joining ECOWAS.You should obdurately frustrate that move and influence other countries to do this bidding afterall Nigeria foots about 70-75% expenses of ECOWAS.

Morocco wants to take advantage of their membership at ECOWAS in penetrating the Nigerian market to blossom their economy while we be at the receiving end.

A word is enough.

I thought they say his lookalike is from the same country! What a way to go

TheHistorian:

You eh!

ok

Oh
Really??

hmmm.. nawa oo

My President!

Jubril looks like a dead ani mal

Best President. The terroriser of wailers.

Edited: It has been pointed out d ECOWAS visa had been adopted long ago but we still dont want an Ecowas currency. Except dey'll adopt d Naira which we know dey won't agree to.
For now let's concentrate on our naira. They have postponed d adoption tym and tym again and will still do..
https://www.vanguardngr.com/2015/12/ecowas-to-implement-common-currency-in-west-africa-official/

https://www.vanguardngr.com/2016/12/nairas-depreciation-threatens-adoption-ecowas-single-currency/

Countries like France and Germany sacrifice a lot to sustain d Euro. Dats y Britain didn't buy into using d Euro with dem.

I jus imagined PMB on suit like those other Presidents and I didn't like what I saw.

Idiocy and more idiocy.
They want to use our remaining dollars to not only sustain the naira but ECOWAS also.

okay

God purnish devils.

TheHistorian:

TheHistorian:

nairaman66:

nairaman66:
You eh!

Hmmm. ..some networks can be pretty fast!
Make una show me way nah!

good work

I will only support this if they all agree to adopt the naira as the single currency

nairaman66:
You eh!

Wetin I do you baba??

single currency will be the best thing to happen to west Africa, and nigeria will be the biggest gainer.

Jubril from Sudan

African countries wey never chop dey talk of single currency instead of tackling the basic issues that have plagued the continent and made it the most backward in every developmental indices. Imagine naija wey no get common light dey talk single currency. who single currency epp?

Good work

Single currency with divergent socio- economic n ethno-cultural backgrounds n policies among ECOWAS member States is nt feasible.

Good initiative but the name West African Monetary Zone sounds lame tho

AroOkigbo:


Hmmm. ..some networks can be pretty fast!
Make una show me way nah!

Lemme show you the way to the DOOR!

TheHistorian:

Wetin I do you baba??

Na STRONG THING you do me ooO!

With economic crisis, Nigeria wants to join other poor economic countries to form single currency.. .

I laugh in spanish.. .

Im not an accountant or so but i know the effect will be bad for us.. .




By the way what are you plans this weekend. ...?

Attend a 2 day digital marketing crash course at Owode Onirin, Lagos.. For 12k certificate included

See link for details

https://www.nairaland.com/4136000/attend-two-days-digital-marketing

I would so much like it if the single currency is naira, imagine traveling to all Ecowas country and we'll spend the same currency.

nairaman66:


Na STRONG THING you do me ooO!

Talk am nah abi you dey fear??

Nbote:
We don't want oooo.. What is d use of having a common ECOWAS currency wen I still need a visa to enta any of dem. I jus imagined PMB on suit like those other Presidents and I didn't like what I saw

Shuuut Up.. OLODO

They talk say make u go school, u no gree go.. See ur life now



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