Finance Ministers, Central Bank Governors chart course for Eco introduction
FEDERAL MINISTRY OF FINANCE, ABUJA
PRESS RELEASE
Oru Leonard
With a renewed sense of purpose and commitment to fostering economic growth and development within the West African Sub-Region, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Thursday hosted a virtual high-level committee meeting at the Finance Headquarters, Abuja to discuss the practical arrangements for the introduction of the ECOWAS single currency, known as the ECO.
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
The ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among the fifteen member states of the Economic Community of West African States (ECOWAS).
The session marked a significant step towards the realization of this goal, as participants discussed preparations for the introduction of the single currency.
HM Edun emphasized 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.
The meeting concluded with a renewed sense of purpose for the introduction of the ECO, which is expected to have a positive impact on the region’s economic prospects.
(FMOF Press)
