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Single currency feasible, says ECO

The Economic Community of West African States, ECOWAS, said member-states are moving towards the realization of a single currency for the community.

ECOWAS said justifiable progress has been made to realize this by 2020 as well as the adoption of a single biometric identity card for member states.

Specifically, the Liberian Ambassador to Nigeria, Prof. Al-Hassan Conteh, speaking on behalf of the Permanent Representatives of Member States to ECOWAS at the 41st Anniversary of the Commission, in Abuja, was categorical on this issue.

He stressed that with the level of work so far by the Commission on the common currency for the region, it was a matter of time. 

He said however that the Commission had also achieved notable feats in other areas of strategic planning and cooperation.

For him, since ECOWAS launched vision 2020 to transform ECOWAS from ECOWAS of States to ECOWAS of people, “our Community has accomplished meaningful targets and objectives in strategic planning.

“Among these is the adoption of a common passport for the movement for the free movement of community citizens in member states.

“Progress has also been made in trade liberalisation, customs union, favourable industrial policy, mines development, agriculture and environment, infrastructure-transport, telecommunications and energy.”

According to him, the organisation has put in place a coordinated capacity for organising efficient regional response against epidemiological challenges, including the Ebola Virus disease.

He said that the Commission was working relentlessly on the implementation of its vision 2020, to create a borderless, peaceful, prosperous and cohesive region.

He said the Commission was also poised to build on governance where people have the capacity to access and harness its enormous resources through the creation of opportunities for sustainable development and environmental preservation.

He assured that the permanent representatives of members states were ready to play their part in moving the community’s agenda forward.

The envoy commended Nigeria and other development partners for providing support for the commission to meet its development objectives.
Professor Amadu Sesay, from University of Ilorin who presented a paper entitled “ECOWAS and peace support operations in West Africa: opportunities, challenges and threats” urged the leaders to rise up to the task.

The professor of International relations said that creation of ECOWAS had brought about some opportunities, but the leaders should work towards exploring them for the development of the region.

Sesay, said that the peace enjoyed in the region was part of the achievement of the Commission and the leaders should leverage on it for the benefit of the citizens.

Dr Tony Elumelu, who represented ECOWAS staff at the event, said that the staff were determined to form a formidable workforce that will weather all storm and remain strong.

Elumelu appreciated the financial predicament confronting the Commission, calling for the support of member states regarding funds to achieve its mandate.