• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

ECOWAS Launches Single Currency In 2027

by Sunday Isuwa
7 months ago
in Cover Stories, News
ECOWAS
Share on WhatsAppShare on FacebookShare on XTelegram

The Economic Community of West African States (ECOWAS) is ramping up preparations to introduce its single currency, ECO, following a consensus reached during its 65th Ordinary Session.

Advertisement

This announcement was made in a communiqué released after the 66th ordinary session of the heads of state and government meeting, which was held in Abuja on Sunday.

Initially scheduled for launch in 2020, the rollout of the ECO was postponed due to the impact of the coronavirus pandemic. The new target date for its introduction is now set for 2027.

The Authority confirmed that it has adopted selection criteria proposed by the High-Level Committee to identify member states that will initially adopt the ECO and those that may join later. In collaboration with the West African Monetary Agency (WAMA), it has tasked the Commission to integrate these criteria into the protocol for establishing the ECOWAS Monetary Union Agreement.

Additionally, the Authority endorsed the High-Level Committee’s recommendations regarding the financial aspects—costs, funding sources, and modalities—necessary for implementing the reforms and institutions required for the ECO’s launch.

RELATED

Reform Or Retreat: A Moment For Northern States

Reform Or Retreat: A Moment For Northern States

2 hours ago
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2 hours ago

Member states and central banks have been urged to take immediate action to fulfil their financial commitments to operationalise these institutions once the official launch date for the ECOWAS single currency is confirmed.

The heads of State also called on the High-Level Committee and the ECOWAS Commission to accelerate efforts to meet the established deadlines for creating and operationalising the institutions essential for the ECO’s launch.

Moreover, the Authority acknowledged the progress in executing the ECOWAS Agricultural Policy (ECOWAP) as part of efforts to enhance food security and nutrition in the region. Recognising the vital role of agriculture in the socio-economic development of member states, the Authority directed the Commission to implement regional strategies promptly focused on livestock farming, the Regional Rice Self-sufficiency Initiative, and the Comprehensive African Agriculture Development Programme (CAADP) Action Plan for 2026-2035.

The Authority also welcomed the strengthening of partnerships with technical and financial stakeholders and urged member states to collaborate with community institutions to achieve these regional food security initiatives.

The introduction of the ECOWAS currency is expected to facilitate trade and stimulate economic growth within the region.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Ecowas
SendShareTweetShare
Previous Post

CSOs Kick As Nigerians Pay N2.23trn Ransom In 12 Months

Next Post

Yiaga Africa To NASS: Give Prisoners, Security Personnel, Journalists Voting Rights

Sunday Isuwa

Sunday Isuwa

Sunday Isuwa is an award winning journalist with over 15 years of experience. Currently at LEADERSHIP Media Group, he has published thousands of articles that have helped in shaping Democracy, Good Governance in Nigeria, Africa and the world at large. His Twitter handle is @IsuwaSunday 

You May Like

Reform Or Retreat: A Moment For Northern States
Backpage

Reform Or Retreat: A Moment For Northern States

2025/07/01
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027
Cover Stories

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2025/07/01
KACCIMA: Dantata Inaugurates Interim Management Committee
News

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

2025/07/01
NCAA Grounds Rano Air After Engine Failure
Cover Stories

NCAA Grounds Rano Air After Engine Failure

2025/07/01
When 2015 Returns In 2023
Cover Stories

2027: Coalition Woos Ex-President Jonathan

2025/07/01
Nigeria Is In Our DNA, Says Lucian PM
News

Nigeria Is In Our DNA, Says Lucian PM

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.