₦airaland Forum

Presidents of Economic Community of West African States (ECOWAS) are to meet on December 21 in Abuja to consider recommendations on the proposed single currency regime for the sub-region

Nigeria Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this on Saturday in Abuja at the end of the meeting of Ministerial Committee of Ministers of Finances and Governors of Central Banks of ECOWAS on the single currency

Ahmed who is the Chairperson of the committee told newsmen that the report and recommendations from the two-day meeting would be submitted to presidents of member states for consideration.

“We have ended the meeting, the report is ready for submission to our presidents who will be meeting in Abuja here on December 21.

“In their meeting, the presidents will consider recommendations of this meeting and the decision they will be taken will be reported to our countries,” she said.

The finance minister had hinted that only the Republic of Togo out of other ECOWAS countries met the primary requirements or criteria for achieving the target.

According to her, with only one country meeting the criteria, it would be a tall order to beat the 2020 takeoff deadline for the single currency regime.

Ahmed, however, reiterated the Federal Government’s commitment to the establishment of ECOWAS Central Bank.

ECOWAS leaders agreed on a single currency for the sub-region 30 years back, to boost cross-border trade and economic development.They had formally agreed to name the common currency “Eco”.

The member states of ECOWAS are Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.


https://www.premiumtimesng.com/business/367177-ecowas-presidents-to-meet-on-single-currency-december-21.html

G

Other Ecowas African countries are forcing this Ecowas currency while Nigeria remains reserved...

We are indeed big brother of Africa

Eco value will make it useless where USD, Euro are

Anything That Will Foster Development To Western Region Of Afrique Is Welcom

Fuçking bloggers

I thought they met sometimes back this year and concluded discussion on this same single currency thingy.

Nigeria is no longer interested!

We really do not need this for now. Also, if they must do it, it is important to know how to stabilize its value

By 2035 we go dey clamour for naiexit

Mtchewwwww

Mhm... Noted

Forget it

30 years.

With closed borders?

Lol dead on arrival...

Them no fit try am

As long as the currency go pass naira

Good morning
Have a blessed day

God almighty said... "There is no peace for the wicked"

Unless you repent and turn to God, there is no peace for you.


Accept Jesus today and have peace.

Jesus is the Prince of peace.

Any idea to be embarked by this buhari government is trash.

I dont even know if this is good or not


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Yu

I don't think it can help instead the pressure would be on cbn all the time

signs of end times