The Minister of Finance, Edun, stated that the single-currency ECO would promote economic growth and development in the West African region. According to a statement by the finance ministry’s spokesman, Mohammed Manga, Edun reiterated Nigeria’s commitment to the single currency on Thursday during a virtual high-level committee meeting in Abuja.
The meeting gathered key stakeholders, including representatives from the Central Bank of Nigeria (CBN), Cape Verde’s Minister of Finance Olavo Correia, Cote d’Ivoire’s Minister of Finance and Economic Affairs Adama Coulibaly, and Ghana’s Minister of Finance Mohammed Amin Adam, among others.
Edun emphasized the importance of the ECO in fostering economic growth and development in the region and reaffirmed Nigeria’s dedication to the successful implementation of the single currency. The ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among the fifteen member states of ECOWAS.