Finance Minister, Wale Edun, has reaffirmed Nigeria’s dedication to the implementation of the Economic Community of West African States single currency, known as the ECO.
Speaking at a virtual high-level committee meeting in Abuja, Edun emphasized the importance of the ECO in fostering economic growth and development in the region.
According to TheCable, the meeting brought together key stakeholders, including representatives from the Central Bank of Nigeria, Cape Verde, Cote d’Ivoire, and Ghana.
The ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among ECOWAS member states.
The successful implementation of the single currency is expected to have a positive impact on the region’s economic prospects.
The meeting marked a significant step towards achieving this goal, with participants discussing preparations for the introduction of the ECO.
With renewed commitment, the region moves closer to realizing the benefits of a shared currency.
According to a statement on Friday by Mohammed Manga, the ministry’s director of press and public relations, Edun spoke on Thursday when he hosted a virtual high-level committee meeting at the finance headquarters in Abuja.
“The meeting brought together key stakeholders, including the Central Bank of Nigeria, 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,” Manga said.
“HM 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.”
