ECOWAS Heads of States and
Government have adopted “EC” as symbol for the single currency, Eco, to be used
in Nigerian and 14 other countries.
They also adopted “Central Bank
of West Africa (CBWA)” as the name of the ECOWAS Central Bank.
These were contained in the final
communiqué released by Mr Jean-Claude Brou, President of the ECOWAS Commission
on Monday in Abuja.
The Authority commended the
Ministerial Committee for the progress made with the implementation of the
ECOWAS Single Currency Programme.
The Authority also adopted the
2020 to 2024 Action Plan to eradicate terrorism in the sub-region with a budget
of 2.3 billion dollars.
The leaders expressed grave
concern at the resurgence of terrorist attacks, targeted at the defence,
security forces, civilians and the social and economic structures and places of
worship.
ECOWAS reaffirmed their
determination to leave no stone unturned in eradicating terrorism in the
region, expressing solidarity with the people and governments of affected
Member States.
“The money is intended for the
provision of equipment to support the defence forces of Member States, training
of relevant bodies and effective intelligence sharing.
“The Authority instructs the
President of the Commission to immediately set up an inclusive and transparent
mechanism to manage funds mobilized for the implementation of the action plan.
“The Authority further instructs
the President of the Commission to ensure the speedy disbursement of the
resources mobilized in other to respond efficiently to the urgent situation.
“The Authority decides to focus
efforts in 2020 and 2021, on the implementation of activities expected to
quickly contribute in checking the increase and spread of terrorist attacks.
“The Authority urges
international partners to provide substantial support for the implementation of
the action plan.
“To this end, it instructs the
President of the Commission to organise as soon as possible a donor conference
to mobilise funds, in addition to the internal resources identified by the
Authority.
“The Authority instructs the
President to build strong partnerships with all stakeholders in counter
terrorism in the region. The Partnership should be built on complimentary
initiatives to avoid duplication of efforts,” the communiqué stated.
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