Eco: ECOWAS new currency symbol, bank name revealed

Advertisements

They also adopted “Central Bank of West Africa (CBWA)” as the name of the ECOWAS Central Bank.

These were contained in the final communiqué released by Mr Jean-Claude Brou, President of the ECOWAS Commission on Monday in Abuja.

The Authority commended the Ministerial Committee for the progress made with the implementation of the ECOWAS Single Currency Programme.

The Authority also adopted the 2020 to 2024 Action Plan to eradicate terrorism in the sub-region with a budget of 2.3 billion dollars.

The leaders expressed grave concern at the resurgence of terrorist attacks, targeted at the defence, security forces, civilians and the social and economic structures and places of worship.

ECOWAS reaffirmed their determination to leave no stone unturned in eradicating terrorism in the region, expressing solidarity with the people and governments of affected Member States.

“The money is intended for the provision of equipment to support the defence forces of Member States, training of relevant bodies and effective intelligence sharing.

“The Authority instructs the President of the Commission to immediately set up an inclusive and transparent mechanism to manage funds mobilized for the implementation of the action plan.

“The Authority further instructs the President of the Commission to ensure the speedy disbursement of the resources mobilized in other to respond efficiently to the urgent situation.

“The Authority decides to focus efforts in 2020 and 2021, on the implementation of activities expected to quickly contribute in checking the increase and spread of terrorist attacks.

“The Authority urges international partners to provide substantial support for the implementation of the action plan.

“To this end, it instructs the President of the Commission to organise as soon as possible a donor conference to mobilise funds, in addition to the internal resources identified by the Authority.

“The Authority instructs the President to build strong partnerships with all stakeholders in counter terrorism in the region. The Partnership should be built on complimentary initiatives to avoid duplication of efforts,” the communiqué stated.

Advertisements

102 Comments

You must be logged in to leave comments.
  • Emmanuel Simon Jonathan December 24, 2019 08:03:26 AM
    Thanks for the update candynews
  • Umar Farouk December 24, 2019 08:03:05 AM
    Thank you for the news
  • Musa Zakari December 24, 2019 08:02:58 AM
    Nice information
  • Ademola seun December 24, 2019 08:02:34 AM
    Nice update
  • Arah wisdom December 24, 2019 08:00:41 AM
    nice update
  • Onoja wisdom December 24, 2019 08:00:32 AM
    Nice update
  • Ifeanyi Nwokoye December 24, 2019 08:00:11 AM
    I love candy news
  • Stephen Agbaje December 24, 2019 08:00:00 AM
    Nice update
  • David onyebuchi Okolo December 24, 2019 07:52:06 AM
    Wonderful platform
  • Fortune Ndubuisi December 24, 2019 07:50:27 AM
    Good to hear
  • Abasifreke Ubonabasi December 24, 2019 07:49:34 AM
    Leave a commentoo
  • Emmanuel Obetta December 24, 2019 07:45:57 AM
    Thank you guys
  • Shinra tensei December 24, 2019 07:45:43 AM
    update retrieved
  • Edeh Augustine December 24, 2019 07:44:30 AM
    Nice and interesting
  • Monday Uhuo December 24, 2019 07:43:41 AM
    nice information
  • Ayomide Samuel Aina December 24, 2019 07:41:58 AM
    Nice update
  • Dennis Benedict December 24, 2019 07:38:38 AM
    Hmmmmmmm 🤔 Y
  • Agu Chinonso December 24, 2019 07:37:28 AM
    good information
  • Larry Damie December 24, 2019 07:36:33 AM
    Thanks for the latest news
  • Emmanuel Bifugha December 24, 2019 07:36:11 AM
    Nice update
Quick Login
Forgotten password?
Not registered? Create an account
Quick Search