President Buhari Warns ECOWAS Not Rush Into Single Currency

President Muhammadu Buhari has warned the Economic Community of West African States (ECOWAS) against rushing into currency integration. The regional body is targetting 2020 for the achievement of this goal.

In his speech at the fourth meeting of the presidential task force on the ECOWAS currency programme, Buhari said the framework for implementing the single currency agenda in the sub-region was not as dynamic as it should be.



He said the basic economic principles that should exist among member countries are still lacking, “which would for a fact stall the progress and successful launch of the agenda by 2020″. He alluded to the European Union’s challenges in achieving economic integration.