Business
ECOWAS leaders sets up committee on Nigeria’s land border closure
The Authority of ECOWAS Heads of State and Government has constituted a committee, headed by President Roch Marc Christian Kabore of Burkina Faso, to study and make a full report on Nigeria’s land border closure with her neighbours. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in a statement in Abuja on Monday. He revealed that the decision to set up the committee was agreed on Sunday night in Addis Ababa, Ethiopia, at an extraordinary session of ECOWAS leaders convened on the margins of the 33rd AU Summit to discuss the issue and other pressing regional matters.
Nigeria’s Foreign Minister, Geoffrey Onyeama, told journalists after the three-hour closed door session that the meeting was attended by President Buhari and chaired by the ECOWAS Chairman, President Mahamadou Issoufou of Niger Republic. The presidential aide disclosed that the meeting also discussed West Africa′s new single currency, the Eco, and the situation in Guinea Bissau after the presidential election. On border closure, Onyeama said: ‘‘The President of Burkina Faso is charged with undertaking a full study of the situation, make a report and then we take it from there.’’

Asked when the report will be presented to ECOWAS Heads of State and Government, the Nigerian Minister replied: ‘‘As soon as possible, there are no timelines. But he is supposed to start very quickly, study the situation from all the affected countries and present his report.’’ On the Eco currency, the Foreign Minister said: ‘‘Nothing has changed in respect of Nigeria’s position’’. He added that Nigeria’s position was that the convergence criteria had not been met by majority of the countries, therefore there has to be an extension of time on the take-off of the single currency.
On Guinea Bissau, the Minister said ECOWAS leaders recognised that there was an appeal of the presidential election result and ”they are waiting for the Supreme Court decision on the matter”.(NAN)
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Stock Market23 hours agoFG to raise N4trn bond to settle electricity debt
-
News2 days agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized2 days ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance23 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News2 days agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
