ECO Controversy: Nigeria, six other English-speaking ECOWAS nations hold crucial meeting

Nigeria and six other members of the Economic Community of West African States are to meet by Thursday to take a common position on the ECO single currency controversy.PREMIUM TIMESThe minister said Nigeria decided not to make any statement over the controversy that followed the recent decision by eight French-speaking ECOWAS members to dump the CFA franc and adopt the ECO as their common currency, to avoid being misunderstood.

The English-speaking countries that will join Nigeria for the meeting include The Gambia, Ghana, Guinea, Liberia and Sierra Leone. Although Cape Verde is officially a Portuguese speaking country, it will also be part of the meeting. The countries are Benin Republic, Burkina Faso, Guinea-Bissau, Mali, Niger, Senegal, Côte d’Ivoire and Togo Republic.of the ECOWAS by the Authority of the Community’s Heads of State and Government at their 55th Ordinary Session in Abuja last June.

The controversy became heightened following allegations of undisguised involvement of the French government, which analysts accuse of attempts to hijack the ECO single currency project. The French President, Emmanuel Macron, is accused of exploiting the conditions created following the recent closure of the Nigerian borders against its Francophone neighbours to attempt to woo Ghana to join the ECO and fence off Nigeria.

Heavenly Father, let the outcome be in favour of Nigeria. For blessed is the nation whose God is the Lord

Heavenly Father, let the outcome be in favour of Nigeria. For blessed is the nation whose God is the Lord

As usual we are arriving late to the party. Why not form a parallel regional currency.

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