PRESIDENT BUHARI PARTICIPATES IN THE VIRTUAL EXTRA-ORDINARY SUMMIT ON SINGLE CURRENCY 1. President Muhammadu Buhari and Chief of Staff Prof Ibrahim Gambari during the Extra-Ordinary Virtual Summit of the Authority of Heads of State and Government of the Member States of the West African Monetary Zone hosted by West African Monetary Institute Accra Ghana on Tuesday. PHOTO; SUNDAY AGHAEZE. JUNE 23 2020.
The meeting discussed the implementation of the ECOWAS Monetary Cooperation Programme and the ECOWAS Single Currency Agenda.‘‘Your Excellencies, you all are familiar with the history of the Eco thus far, so I will not bore you with that. We reverted to a single track approach, giving up Eco which is the original idea of the WAMZ so the ECOWAS-wide programme could thrive.
‘‘This is in addition to deviating from the Community Act on a consistent attainment of convergence in the three years running up to the introduction of the currency, and our subsequent reinforcing directives. President Buhari, who assured ECOWAS leaders of Nigeria’s commitment to the ECOWAS single currency, urged them to critically consider the recommendations made by the Convergence Council and take a common position to safeguard the West African Monetary Zone from the pitfalls of a questionable union.
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