Having failed to meet the convergence criteria
again, President Muhammadu Buhari has called on countries under the ECOWAS
sub-region to put in more efforts to achieve the single currency program by
2020.
President Buhari insisted that “convergence
must be based on sound and sustainable macro economic fundamentals.”
The President said, there is no denying that
considerable amount of resources, time and effort had been expended in the
pursuit of regional integration agenda. He said this should be justified by
achieving the objectives of the monetary union by 2020.
He assured West African leaders that Nigeria is
still committed “to providing a leadership role in assisting ECOWAS achieve the
single currency regime as well as moving the ECOWAS integration agenda
forward.”
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