The cornerstone of financial and political integration: eco
Nigeria Foreign Minister Yusuf Maitama Tuggar, speaking within the scope of anniversary activities in Abuja, the capital of Nigeria, stressed that the common currency is not only financial, but also in political integration. Tuggar, “The process of implementation of the eco currency continues. This step is a vital threshold in terms of regional integration,” he said.
Minister Tuggar stated that the countries within Ecowas should fulfill certain economic convergence criteria in order to switch to the common currency and that no member states can fully meet these criteria. He added that Nigeria also turned to macroeconomic reforms in line with this goal and that this process continues with determination.
The common market and customs union is also on the agenda
In addition to the joint currency plans, the establishment of a regional joint market and customs union as well as the targets are considered simultaneously, “Economic integration is limited to the currency. This statement shows that Ecowas aims to deepen not only in the currency, but also economic cooperation.
