To achieve economic integration in the Economic Communities of West African States (ECOWAS) region, priority should be given to well-integrated monetary and fiscal policies, the President of the African Development Bank (AfDB), Akinwumi Adesina, has said.
Mr Adesina who spoke on Tuesday in Abuja at the Presidential Villa said other issues critical for regional integration include adequate infrastructure and the ability to address the insecurity in the region.
He described the establishment of a unified single currency, “ECO”, for ECOWAS as a “great idea”, saying the AfDB will strongly support a unified currency regime.
“It makes common sense to have a unified currency, the ECO. I support ECO greatly. I think it’s a great idea to do,” he said.
However, he said, there…