Ekweremadu - ECOWAS to Introduce Single Currency by 2020

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

Speaker of the ECOWAS Parliament, Senator Ike Ekweremadu, made this disclosure during a dinner party organised by him in his house for members of the Administration, Finance and Budget Committee, after their one week meeting/workshop held in Enugu.

Ekweremadu who is also the Deputy Senate President, 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, scrutinise and pass budgets and laws that will transform the sub-region,” he said.

The Speaker also said ECOWAS has 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 places other than the capitals as was the practice before.

In his speech at the occasion, the Chairman of the committee on Administration, Finance and Budget of the Parliament, Alhaji Farouk Lawan, paid glowing tributes to the Speaker of the Parliament and called on members to support him to achieve all the laudable dreams he has for the ECOWAS.

In his vote of thanks, the fourth Deputy Speaker of the Parliament Hon Michael Nyaunu, thanked the Speaker, the Government and people of Enugu State for the hospitality extended to them during the their one week stay in the state; describing the people as peaceful, warm and friendly.

By Christopher Isiguzo