• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 8, 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 Pushes Launch Of Single Currency To 2027

by Agency Report
3 years ago
in Business
ECOWAS
Share on WhatsAppShare on FacebookShare on XTelegram

President of the Economic Community of West African States (ECOWAS) Commission, Mr Jean-Claude Brou, has said the community has resumed convergence to launch of the ECOWAS single currency “ECO” in 2027.

 

Advertisement

Brou said this while delivering reports of the ECOWAS Commission before the ECOWAS Parliament during the ongoing 2022 First Ordinary Session of the Parliament in Abuja.

Brou said that the process of launching the single currency was stalled following the outbreak of the COVID-19 Pandemic from 2020, as countries needed to focus on handling the pandemic. He said that the convergence criteria had to be thorough so that the currency once implemented will serve the citizens effectively.

“We had to suspend that in 2022, 2021. We are looking at 2022 to 2026 to be able to create conditions that will enable us to stabilise the economies. And so, 2027 we go back to the currency. The process of the performance criteria is always prioritised if we want to be in a very favourable condition to introduce the single currency. Because you can introduce the currency but what is required is that it should be of quality. In other words, it should serve the needs of the population and also should inspire confidence and trust in in the population. So that is the main objective, to ensure that the convergence criteria is been followed,” Brou said. Rep. Awaji Abiante, Member of the ECOWAS Parliament and Nigerian lawmaker representing Andoni-Opobi/Nkoro Federal Constituency of Rivers, said that the delay in the launch of the currency is to avoid any form of crisis.

 

RELATED

X3M Ideas Forges Alliance With IKIGAI 360, Expands Footprint Across Africa, Europe

X3M Ideas Forges Alliance With IKIGAI 360, Expands Footprint Across Africa, Europe

1 hour ago
Nigeria At 64: ‘Foreign Vessels Coastal Water Domination Collapses Indigenous Shipping’

Freight Rate: Nigeria Loses N7.2trn Annually To Foreign Firms – Report

4 hours ago

Speaking to journalists on the sideline of the session, Abiante said that the single currency is work in progress and there is hope that sometimes it will work. “Every good thing comes with its challenges so getting the economies of the 15 member states to agree on that transaction and how it can be moved forward. If it is hurried, definitely it could run into crisis so it is good to have every aspect of it discussed, agreement reached, such that it will be implementable,” Abiante said. On the sustainability and benefits of the currency, Abiante said that until it is implemented, one cannot say how viable it would be. “Whatever anybody says, it is just going to be mere projections, it is only when it is implemented that you will see the benefits. But simply put, it will ease transactions, it will open up the economies, it will make it freeer for people to engage in both commercial and industrial activities,” he said. In June 2019, the Authority of ECOWAS Heads of States and Government committed to having a single currency and adopted the name “ECO” during its Extraordinary Session in Abuja. The currency was expected to be launched in 2020.


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: Economic Community of West African States (ECOWAS)
SendShareTweetShare
Previous Post

Youth Leaders Caution Against Muslim-Muslim Ticket

Next Post

Airlines To Shut Down Operation As Jet A1 Hits N714

Agency Report

Agency Report

You May Like

X3M Ideas Forges Alliance With IKIGAI 360, Expands Footprint Across Africa, Europe
Business

X3M Ideas Forges Alliance With IKIGAI 360, Expands Footprint Across Africa, Europe

2025/07/08
Nigeria At 64: ‘Foreign Vessels Coastal Water Domination Collapses Indigenous Shipping’
Business

Freight Rate: Nigeria Loses N7.2trn Annually To Foreign Firms – Report

2025/07/08
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

CBN Imposes $50 Charge On Non-Resident BVN

2025/07/08
Why We Are Investing In Critical Infrastructure – Mbah
Business

Enugu Air Will Be For Traders, Enugu People – Mbah

2025/07/08
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Equities Market Opens Trading Week With N193bn Gain

2025/07/08
Restore Public Confidence In Judiciary, Panelists Tell Next CJN, Kekere-Ekun
Business

Shettima, CJN, Others Task Judges On Swift, Credible Judgements To Strengthen Capital Market

2025/07/08
Leadership Conference advertisement

LATEST

2Baba Unveils New Management Team

2-yr-old Boy Drowns In Kogi River

Abati Failed Jonathan As Media Adviser, Says Wike’s Aide

Makinde Has Transformed Oyo Into New Economic Hub – Commissioner

NAPS Backs Transformation Of Yabatech To University

Firm Champions Fight Against Domestic Sexual Violence

PICTORIAL: NNPCL Donates 35 CNG Buses To PCNG-i

‘2024 Lagos ASIS Summit Unlocked Over $100m Investments’

Group Threatens To Withdraw Support For Tinubu Over Withheld Osun Council Funds

2027: Bauchi People Will Decide My Successor – Gov Mohammed

© 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.