ECOWAS Single Currency’ll Boost W’African Economy – Finance Minister

Nigeria is dedicated to bringing the Economic Community of West African States (ECOWAS) a single currency, according to Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The minister claimed that the West African region’s economy would expand and prosper as a result of the ECO’s single currency.

When Edun convened a virtual high-level committee meeting in Abuja on Thursday, he reaffirmed Nigeria’s commitment to the single currency, according to a statement released by Mohammed Manga, the spokesman for the finance ministry.

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The meeting brought together key stakeholders from the Central Bank of Nigeria (CBN); Minister of Finance of Cape Verde, Mr Olavo Correia; Minister of Finance and Economic Affairs of Cote d’Ivoire, Adama Coulibaly; and the Ghanaian Minister of Finance, Mohammed Amin Adam; as well as other distinguished representatives.

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At the meeting, Edun “emphasised 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 ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among the fifteen member ECOWAS states.