The Economic Community of West African States has reaffirmed its commitment to introducing a single regional currency, the Eco, by 2027.
This resolve was highlighted during the 11th ECOWAS Convergence Council meeting in Abuja, where financial leaders gathered to strategize on accelerating the currency’s launch to strengthen economic integration and financial stability across the region.
The meeting convened Ministers of Finance and Central Bank Governors from ECOWAS member states, focusing on concrete steps to fast-track monetary unification. Mohammed Manga, Director of Information and Public Relations at Nigeria’s Federal Ministry of Finance, disclosed the details in an official statement.