• As NILDS DG says monetary union demands evidence-based assessment, protection of Nigeria’s interests
Sunday Aborisade in Abuja
The Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi II, on Thursday cautioned leaders of the Economic Community of West African States (ECOWAS) against rushing into the launch of the proposed ECO common currency.
He warned that a monetary union founded on weak economies, poor fiscal discipline and fragile institutions was destined to fail.
The Emir gave the warning at a one-day Policy Dialogue on “ECO Currency and Monetary Integration in West Africa: Implications for Nigeria,” organised by the National Institute for Legislative and Democratic Studies (NILDS) in Abuja.
