Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has reaffirmed the country’s commitment to implementing a single currency for the Economic Community of West African States (ECOWAS).
The single currency, known as the ECO, is expected to foster economic growth and development across the West African region.
According to a statement by the finance ministry’s spokesman, Mohammed Manga, Edun expressed Nigeria’s dedication to the single currency during a virtual high-level committee meeting held in Abuja on Thursday.
The meeting included key stakeholders such as representatives from the Central Bank of Nigeria (CBN), Cape Verde’s Minister of Finance Olavo Correia, Côte d’Ivoire’s Minister of Finance and Economic Affairs Adama Coulibaly, Ghana’s Minister of Finance Mohammed Amin Adam, and other distinguished representatives.
Edun emphasized the importance of the ECO in promoting economic integration, facilitating trade, and enhancing monetary stability among the fifteen member states of ECOWAS. He reiterated Nigeria’s commitment to the successful implementation of the single currency, which aims to strengthen the region’s economic cohesion and development.
