The launch of Eco, the single currency of the Economic Community of West African States (ECOWAS), will take place in 2027. This is one of the resolutions taken by the 15 member states at the outcome of the summit held on June 19, 2021 in Accra (Ghana). This roadmap is accompanied by a new convergence pact which will cover the period 2022-2026 and 2027 will be the year for the launch of the Eco ”, specified the chairman of the ECOWAS commission, Jean-Claude Kassi Brou .
Remember that the convergence pact had been suspended for fiscal years 2020 and 2021 in order to allow States to deal with the Covid-19 pandemic. Beyond the economic issue, ECOWAS divided into a homogeneous zone, namely the West African Economic and Monetary Union (UEMOA) and into a heterogeneous zone, the WAMZ, is not at the same stage of experience of common management of currency and convergence pacts. Will the date of 2027 be enough to allow Nigeria to transform itself by putting its finances in order?
