Nigeria officially receives ECOWAS single currency notice

The federal government has officially received the notice for the adoption of single currency by the Economic Community of West African States (ECOWAS).

Special adviser to the minsiter of Finance, Budget and National Planning, Yunusa Tanko Abdullahi confirmed this development in a statement on Monday.
“Nigeria has received the news of the change of name of the UEMOA Currency, the CFA, (Communauta Financiere d’Afrique to Eco supposedly as ECOWAS Single Currency,” Abdullahi said.
He however stated that Nigeria is studying the situation and would respond in due course.
Nigeria is among of the 15 countries that form the ECOWAS.