Sign In or Register | Monday, July 13, 2020
  6/23/2020 6:19:28 PM
Buhari Cautions West African Economic And Monetary Union Zone Countries On Adopting France Backed ECO.

Buhari rejects France backed CFA Franc switch to ECO by West African Economic and Monetary Union (UEMOA) Zone countries.

 Nigeria's President Muhammadu Buhari has cautioned the West African Economic and Monetary Union Zone countries on adopting France backed ECO. Buhari also said that "It gives me an uneasy feeling that the UEMOA Zone wishes to take up the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. It‘s a matter of concern that a people with whom we wish to go into a union are taking major steps without trusting us for discussion."


Buhari stated that Nigeria fully supports and is committed to a monetary union with the right fundamentals—a union which guarantees credibility, sustainability and overall regional prosperity and sovereignty. But we must do things properly and ensure absolute compliance with the set standards. We cannot ridicule ourselves by entering a union to disintegrate, potentially no sooner than we enter into it. We need to be clear and unequivocal about our position regarding this process.

Buhari further said that the region must proceed with caution and comply with the agreed process of reaching our collective goal while treating each other with utmost respect. Without these, our ambitions for a strategic Monetary Union as an ECOWAS bloc could very well be in serious jeopardy."


Image: Twitter  @AhmadBeello 

Africa Team

Tags:Buhari Cautions West African Economic And Monetary Union Zone Countries On Adopting France Backed ECO.
Bookmark and Share Email Email to Friends Print Print
Please Sign In  or Register  to post a comment.

Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular

Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2020-2022 Africa Updates Inc. All rights reserved