Showing posts with label ECOWAS. Show all posts
Showing posts with label ECOWAS. Show all posts

Monday, July 14, 2014

Nigeria meets all criteria for ECOWAS single currency – CBN



Nigeria is the only country in the region that has met the “primary convergence criteria”.
The Deputy Governor of the Central Bank of Nigeria, CBN, on Economic Policies, Sarah Alade, said Nigeria meets all the criteria to adopt the ECOWAS single currency.
Ms. Alade made this known at the 37th Technical Committee meeting of the West African Monetary Zones in Abuja.
She said Nigeria is the only country in the region that has met the “primary convergence criteria” which were set for the member-states in 2013.  There are four primary criteria including the attainment of single-digit inflation rate at the end of each year and fiscal deficit of not more than four per cent of Gross Domestic Product, GDP.
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Friday, May 16, 2014

ECOWAS To remove Resident Permit In movement Protocol.





The ECOWAS Commission on Thursday said it had commenced the process of removing resident permit for citizens of member countries residing in other ECOWAS countries.

This is contained in a statement issued by the commission’s spokesperson, Mr Sunny Ugoh, a copy of which was given to the News Agency of Nigeria (NAN) in Abuja on Thursday.
It stated that ECOWAS’ resident permit constituted obstacle to freedom of persons and goods according to the ECOWAS Protocol on Free Movement.
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