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Nigeria Throws Weight Behind ECOWAS Single Currency Initiative

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By Gloria Ikibah 
 
 
The Nigerian government has endorsed the single currency initiative of the Economic Community of West African States (ECOWAS), known as ‘ECO’.
 
The ECOWAS single currency is envisioned to propel growth and development throughout the West African sub-region.
 
The ECOWAS single currency has also been incorporated as a feature in the three-in-one identity card planned by the National Identity Management Commission (NIMC) and set for roll-out in August.
 
Finance Ministers and Central Bank Governors from the 15 ECOWAS member states agreed on modalities for the initiative at the 92nd Ordinary Session of the ECOWAS Council of Ministers held in Abuja during the week.
 
The meeting represents a significant step towards realising the ambitious goal.
 
Nigeria’s Minister of Finance and Coordinating Minister of the Economy Wale Edun, in a statement signed by the Director Of Press, Mohammed Manga, highlighted the anticipated impact of the single currency initiative.
 
Edun said the ECO will play a critical role in fostering “economic growth and development in the region,” further emphasising Nigeria’s unwavering commitment to its successful implementation.
 
According to the statement, participants engaged in preparations for the single currency’s introduction, laying the groundwork for a more integrated economic future for the 15 member states.
 
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By Gloria Ikibah 
 
 
The Nigerian government has endorsed the single currency initiative of the Economic Community of West African States (ECOWAS), known as ‘ECO’.
 
The ECOWAS single currency is envisioned to propel growth and development throughout the West African sub-region.
 
The ECOWAS single currency has also been incorporated as a feature in the three-in-one identity card planned by the National Identity Management Commission (NIMC) and set for roll-out in August.
 
Finance Ministers and Central Bank Governors from the 15 ECOWAS member states agreed on modalities for the initiative at the 92nd Ordinary Session of the ECOWAS Council of Ministers held in Abuja during the week.
 
The meeting represents a significant step towards realising the ambitious goal.
 
Nigeria’s Minister of Finance and Coordinating Minister of the Economy Wale Edun, in a statement signed by the Director Of Press, Mohammed Manga, highlighted the anticipated impact of the single currency initiative.
 
Edun said the ECO will play a critical role in fostering “economic growth and development in the region,” further emphasising Nigeria’s unwavering commitment to its successful implementation.
 
According to the statement, participants engaged in preparations for the single currency’s introduction, laying the groundwork for a more integrated economic future for the 15 member states.
 
“The vision for the ECO extends beyond a mere currency. It aspires to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region.”
 
This week’s gathering brought together key players instrumental in making this vision a reality including the Minister of Finance of Cape Verde, Olavo Correia, the Minister of Finance and Economic Affairs of Cote d’Ivoire, Adama Coulibaly, and the Ghanaian Minister of Finance, Mohammed Amin Adam amongst other representatives.
 
“The meeting culminated in a renewed sense of purpose surrounding the ECO’s introduction. Participants emerged with a shared belief that the single currency holds immense potential to reshape the economic landscape of the region, paving the way for a more”.
 
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“The vision for the ECO extends beyond a mere currency. It aspires to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region.”
 
This week’s gathering brought together key players instrumental in making this vision a reality including the Minister of Finance of Cape Verde, Olavo Correia, the Minister of Finance and Economic Affairs of Cote d’Ivoire, Adama Coulibaly, and the Ghanaian Minister of Finance, Mohammed Amin Adam amongst other representatives.
 
“The meeting culminated in a renewed sense of purpose surrounding the ECO’s introduction. Participants emerged with a shared belief that the single currency holds immense potential to reshape the economic landscape of the region, paving the way for a more”.
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Benue state govt offers free beer to residents for New Year’s eve celebrations

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By Kayode Sanni-Arewa

As part of the ongoing Benue Carnival festivities, the Benue State Government has announced the distribution of free Zeva Draft Beer to residents in celebration of New Year’s Eve.

The Executive Governor of Benue State, Rev. Fr. (Dr.) Hyacinth Iormem Alia approved the gesture. The event will kick off at 5 PM on December 31, 2024, at IBB Square, Makurdi.

Dr Raymond Asemakaha, Managing Director of the Benue Investment and Property Company Limited (BIPC), revealed this in a statement on Tuesday. He described the initiative as an opportunity for citizens to come together and celebrate Benue’s rich heritage and unity.

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“This is a unique opportunity to enjoy the flavours of Benue while engaging with family and friends. You are to drink responsibly,” the statement read.

The carnival, which had been dormant since the administration of former Governor Gabriel Suswam, has been revived by the current government to promote cultural pride and engage the youth positively.

The festivities have already featured colourful displays, with socio-cultural groups parading through Makurdi in vibrant costumes on Monday

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Minority Caucus Congratulates Nigerians on New Year, Calls for Urgent National Reforms

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By Gloria Ikibah

As Nigerians join the global community in celebrating the New Year 2025, the Minority Caucus of the House of Representatives has extended heartfelt congratulations to all Nigerians, both at home and abroad, for witnessing the dawn of the year in peace and tranquility.

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In a statement jointly signed by House Minority Leader Rep. Kingsley Chinda, Minority Whip Rep. Dr. Ali Isa J.C, Deputy Minority Leader Rep. Aliyu Madaki, and Deputy Minority Whip Rep. George Ozodinobi, the caucus reflected on the challenges of 2024, describing the year as “palpable, worrisome, and fearful,” and highlighted its impact on citizens’ personal growth.

The statement reads: “Today, being the first day of Year 2025, whilst, like other parts of the world, we are full of excitement, it gives us another opportunity to have sincere reflections and objective introspection about the journey of our dear country thus far. Fact is, Nigeria’s progress has been marked by significant challenges that hinder our individual growth and collective prosperity.

“True, the situation of our country, particularly in 2024, was palpable, worrisome, and fearful that it stifled the personal development of many citizens. From spiraling inflation to corrosive poverty and debilitating hunger, it was pathetic for citizens. How about accentuating unemployment, alarming insecurity, and other disturbing multi-sectoral indices of under-development?

“As the country enters 2025, it is necessary to reiterate that just as Nigeria has issues of governance and lack of inclusive economic growth, there is an urgent and timely need to ingeniously address challenges of infrastructure deficits, mindless corruption, youth unemployment, and widespread insecurity.”

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The caucus urged all Nigerians to leverage the nation’s diversity as a strength and work collectively towards fostering peace, unity, and development.

“No doubt, Nigeria is a blessed nation with enormous potentials, and our diversity remains one of our greatest assets. In 2025, we admonish us all to harness the strengths embedded in our differences to build a nation that works for all citizens. Since no tribe, ethnicity, and group, no matter how powerful, can do it alone, we solicit for the collaboration and synergy of all and sundry. Through these, and other imperatives including believability, inclusivity, and mutual trust, Nigeria can overcome every difficulty and achieve sustainable and enduring achievements.

“As we collectively forge ahead as a nation in 2025, we encourage us all to recommit and reconnect to the values of peace, unity, and development, with the realization that the future of Nigeria rests on our ability to stay united and work together towards the fulfillment of common goals, desires, and aspirations.”

The caucus reaffirmed its dedication to the well-being of Nigerians, pledging to remain steadfast in addressing national issues through legislative action.

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“As a responsive and responsible Caucus, we assure Nigerians that, further to our commitment to the general well-being of citizens, we will in 2025, and subsequent years in the lifespan of the 10th House of Representatives, remain resolute and focused in every national issue that requires legislative inquisition and actions.”

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Just in: Tanker fire guts popular Lagos police station

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Tanker fire has razed a section of Okokomaiko Police Station, Lagos State Police Command.

The tanker reportedly caught fire while discharging diesel into the storage tank of a hotel that shares same fence with the police facility, reports Daily Trust.

The incident created a stampede as both the staff of the hotel and policemen attached to the station fled from their offices for fear of being trapped in the fire.

It was learnt that the fire started from the engine of the truck and quickly spread to the storage tank of the vehicle.

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Witnesses alleged that the fire spread to the police station before any help could come.

One witness identified simply as Tolupe stated that the truck driver abandoned the vehicle when the fire escalated and fled.

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