Stakeholders Seek Single African Currency To Aid Development

Stakeholders have advocated for a single currency across Africa in order to ensure the development and growth of the region.

The stakeholders also alleged intentional conspiracy as the reason for the continued delay in the implementation of a single African currency and single trade facilitation.

These were part of the suggestions made at the 2022 National Institute Seminar for Executive Intelligence Management Course (EIMC), 16 at the National Institute For Security Studies (NISS) in Abuja on Wednesday with the theme: “Globalisation And Regional Economic Integration: Implications For Sustainable Development In Africa”.

Speaking at the programme, chairman of the programme, Professor Abubakar Rasheed, vice-chancellor University of Abuja, said single currency in Africa as a region, will lead to growth, unity and economic boast of the African region as a whole.

Represented by the deputy vice-chancellor, University of Abuja, Professor Philip Afaha, the chairman further said Europeans must allow African countries solve their problems the African way without interference and imposition of European solutions to Africa.

He also said disunity among African countries is the cause of under development in Africa and stated that the single African currency will unite Africa nations.

Also speaking at the programme, one of the speakers, Professor Undenta, said the current situation in Niger Republic as a matter of interference and interests from Europeans and Americans who have natural resources to gain from the region.

Earlier, the director-general of the Department of State Service (DSS), Yusuf Bichi said: ” In today’s world, you will agree with me that the landscape of security challenges is rapidly evolving and the dynamism of globalization and regional economic integration play a pivotal role.”

Represented by Bolaji Toke, the director-general, while speaking on the theme of the programme, said, “The topic of the seminar stressed at the heart of our collective responsibility as professionals in intelligence, security, law enforcement and regulations. The interconnectivity of our globalised world demands high levels of collaboration by the sharing of information and expertise across the nations.

“In our pursuit of safeguarding the interest of our nations and ensuring the safety of our citizens, we are presented with the task of striking a delicate balance between security imperatives and sustainable development goals. At the DSS, we are committed to facing the challenge headon, recognizing that security and economic progress are intertwined.”

The Executive Intelligence Management Course (EIMC), 16 is made up of 86 participants from DSS, FAAN, NDLEA, Military, Police, EFCC, ICPC, FRSC, NPA, NIMASA, FIRS, NUC, The Gambia, Niger Republic, Chad among others.