ECOWAS To Introduce Single Currency By 2020 – Ekweremadu

The Economic Community of West African States (ECOWAS) is to introduce a single currency in the sub-region by 2020, while it will become effective in English speaking countries in 2015.

This was disclosed by the Speaker of the ECOWAS Parliament, Senator Ike Ekweremadu, at a dinner organized for members of the Administration, Finance and Budget Committee of the organisation after their one week meeting/workshop in Enugu weekend.

Ekweremadu, who is also the Deputy President of the Nigerian Senate, welcomed the Parliamentarians to Enugu and maintained that his tenure as the Speaker would see the Parliament performing all her legislative functions to the fullest and taking the sub- region to the next level.

“Our parliament will henceforth screen the list of Commissioners for the Commissions, scrutinize and pass budgets as well as make laws that would transform the sub-region.”

Ekweremadu also said ECOWAS had transformed from being a committee of states to becoming a committee of the people, adding that it was for this reason that the meeting/workshop was drafted to hold in other places other than state capitals as was the practice before.

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