Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Monday said that Nigeria was in receipt of the news regarding the change of name of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco, supposedly as the single currency of Economic Community of West African States (ECOWAS).

Ahmed who spoke through her Special Adviser, Media and Communication, Yunusa Tanko Abdullahi said Nigeria was “studying the situation and would respond in due course”.

Presidents of the 15-nation ECOWAS agreed at a summit in Abuja in June to adopt ECO as the name of the planned shared currency for the bloc which will take off in 2020.

But Nigeria’s Minister of Finance, Mrs Zainab Ahmed, had on December 6 in Abuja expressed skepticism over the possibility of the single currency regime taking off next year as planned by ECOWAS member nations.

According to her, only the Republic of Togo out of other ECOWAS nations has met the set criteria for achieving the target.

read more on https://www.classyupdate.com/eco-currency-nigeria-ll-respond-soon-finance-minister/

And what is Nigeria doing as a nation to meet the target?

As long as it have value more than this naira, abeg make them join. The equivalent of naira to the dollar is too much and having great effect on the economy

this woman is too dull for my liking

Lead the charge instead of just talking. We've heard Nigeria talk for almost two decades without achieving the criteria. The fact they changed currency name doesn't matter. If the called the currency zeni or beri what changes? None of the Ecowas member states met the criteria for currency union except Togo anyway.

After you meet criteria ask other countries who met criteria to join you. It's that simple.

Trade war between Nigeria and France

omowolewa:
Trade war between Nigeria and France

France has never won a single war in their centuries of existence, either trade war, cold war or conventional war. This isn't going to be different.

Topleague:
this woman is too dull for my liking

How is she too dull ?

Very hard to notice what is coming ahead.
Some have eyes, but cannot see, those that hear, do not know, those that know, do not tell, and those that can tell, will hide the truth.

This is the words of wisdom, knowledge and understanding.

While Nigeria keeps us on their position Ghana made theirs known. The want ECO to have flexible exchange rate instead of Euro peg. The 2000 accra declaration didnt specify exchange rate regime it seems.

Again it doesn't matter what former CFA countries are doing since all the did is change the name of their currency. If Ghana want to take lead and have Togo join them that would be cool. The rest can join when the meet criteria..