The ECOWAS currency is aspired to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region
Plans for the ECOWAS single currency, ECO, are in advanced stages, with Nigerian government endorsement and incorporation into the National Identity Management Commission’s three-in-one identity card.
Finance Ministers and Central Bank Governors from 15 ECOWAS member states have agreed on implementation modalities, paving the way for a more integrated economic future.
The single currency is expected to foster economic growth and development in the region, with Nigeria committed to its successful implementation.
The ECOWAS Council of Ministers meeting in Abuja marked a significant step towards realizing the ambitious goal, with participants expressing renewed commitment to the initiative’s potential to reshape the region’s economic landscape.
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