The Economic Community of West African States (ECOWAS) have renewed commitment to the realization of single currency, known as the ECO for the region.
Nigeria’s Minister of Finance and Coordinating Minister of Economy, Mr Wale Edun, determined to bring the long term dream to fruition, on Thursday hosted virtual high-level committee meeting at the Finance Headquarters, Abuja to discuss the practical arrangements for the introduction of the Eco amongst ECOWAS Ministers of finance.
In a statement issued by the Director of information in the Ministry, Mohammed Manga said the meeting brought together key stakeholders, including the Central Bank of Nigeria (CBN), the Honourable Minister of Finance of Cape Verde, Mr Olavo Correia, the Honourable Minister of Finance and Economic Affairs of Cote d’Ivoire, Mr Adama Coulibaly, and the Ghanaian Honourable Minister of Finance, Mr. Mohammed Amin Adam, as well as other distinguished representatives
The ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among the fifteen member states of the Economic Community of West African States (ECOWAS).
The session marked a significant step towards the realization of this goal, as participants discussed preparations for the introduction of the single currency.
Edun emphasized the importance of the ECO in fostering economic growth and development in the region and reiterated Nigeria’s commitment to the successful implementation of the single currency.
The meeting concluded with a renewed sense of purpose for the introduction of the ECO, which is expected to have a positive impact on the region’s economic prospects.