ECOWAS sets 2020 as Deadline for the Commencement of 'Single Currency Policy'

ECOWAS sets 2020 as Deadline for the Commencement of 'Single Currency Policy'
The Economic Community of West African States (ECOWAS) has announced that it has set 2020 as deadline for the commencement of its single currency policy in all ECOWAS region.

The announcement was made in Calabar on Monday by the Director of Strategic Planning, ECOWAS Commission, Mr. Essien Abel.

He said, the committee is working assiduously towards ensuring that it succeeds in meeting the target set for the use of the currency in the sub region. According to Essien, the committee would do its work on the modalities for the implementation of the expected monetary policy while the implementation would largely depend on the Heads of State of member country of ECOWAS.

“The 2020 vision seeks to create a borderless, peaceful, prosperous and cohesive region built on good governance. It will also give people the capacity to access and harness its enormous resources through the creation of opportunities for sustainable development and environmental preservation,” Essien said at a meeting on Strategic Planning Framework for 2016 – 2020 in Calabar, Nigeria.

“The 2016-2020 vision is specifically to ensure congruence of purpose and to ensure the effective mobilisation and utilisation of the region’s abundant resources and comparative advantage. It will also provide the general framework for advancing integration wok in the region and guiding national development planning process.’’
Essien said the meeting was organised to harvest ideas and inputs that would lead to the preparation of strategic documents that reflect the aspiration of ECOWAS vision 2020.

To accomplish the single currency goal, member countries are required to implement a number of measures including: Adoption of a market based exchange rate system, micro-economic convergence, removal of trade barriers, the factor of statistical harmonisation, putting in place a payment system infrastructure as well as other facilities that would promote the conduct of monetary policy within the zone.

Head of ECOWAS National Unit, Ghana, Mr. Bonaventure Adjavor, who chaired the meeting, said, the fact that ECOWAS countries use different official languages such as French, English and Portuguese, the Commission would ensure the use of single currency note from 2020.
He said “I do not see language as a barrier to single currency, the process to adopt the currency is ongoing and a new timetable has been set for 2020.

“We need to work towards that and achieve the vision 2020. The move for this currency was agreed by Heads of Government of ECOWAS countries in June 2001 but it was not realised.“We have put in place all frameworks to ensure that the single currency note is achieved in 2020,” Essien said.

First and only Community –based University in Nigeria. KWARARAFA UNIVERSITY

Vision

To become a first class institution in pursuit of knowledge and scholarship through teaching, research and community service, geared towards inculcating knowledge and entrepreneurial skills to students that will enable them to be productive and self-reliant.

Mission

• To provide a conducive environment for the development of effective and virile indigenous human and material resources for the development of the nation.
• To produce graduates who are well-rounded in their disciplines and also imbued with necessary entrepreneurial skill to contribute meaningfully to the development of themselves in particular and society in general.
• To replace unemployment and career stagnation of graduates with creative ingenuity through well packaged programs and practical training.
• To provide sound education to Nigerians irrespective of religious affiliation, tribes, sex and political leaning.
• To create a nurturing and stimulating environment where the pursuit of excellence, development of self-discipline, creative thinking and individuality will thrive and also seen as essential components of cooperative society.

http://www.kwararafauniversity.edu.ng

PHOTOS: Check Out Serena Williams "Masculine" Enviable Athletic Figure

Last two nights, the 11th annual CFDA/Vogue Fashion Fund Awards held in New York City, and naturally, it was a stylish and star-studded event. Check out Serena Williams's look to the event. The unconquerable tennis ace stunned in her ZAC Zac Posen gown which hugged her banging body, showing off her curve and muscles.

Lovers found dead 2 weeks before wedding

THE decomposing remains of two lovers, simply identified as Udogi Eguke and Ese, were found on Sunday, days after they died in mysterious circumstances in their Makolomi Street apartment of Ughelli North Local Government Area of Delta State.
The house owner, Chief Alfred Onavwa, who shares the top floor of the one-storey building with one of the deceased, confirmed the incident.

He said having been contacted on the absence of one of the deceased by neighbours, he called his line only to realize that his mobile phone was ringing upstairs.
He explained further: “On getting close to the door of the private stairway leading to their apartment, I noticed that it was locked from inside, with a stench oozing out.“On realizing this, I personally invited the police who came and broke the door only to discover their decomposing bodies.
“Their remains were later deposited in the mortuary and I was made to understand that investigation into the matter was ongoing.
“Even the Ughelli Divisional Police Officer was here to see things for himself.”

Meanwhile, findings revealed that the couple, whose wedding was slated for November 22, had started preparation, with invitation cards already sent out to intending guests.
May their gentle soul rest in peace AMEN

President Jonathan Chilling in Abuja Airport Before His Flight to Bukina Faso

Pres. Jonathan pictured this morning at the Presidential wing of the Nnamdi Azikiwe International airport on his way to Burkina Faso for crisis talk with other ECOWAS leaders.

Tiwa Savage Receives Cute Romantic Gift From Tee Billz. MAKE-UP GIFT?

Tiwa Savage has been hard at work dropping two new singles in one month and shooting a video for one of the singles and what does a girl have waiting for her when she gets home from a long day of filming? A cute little Yorkshire terrier puppy!!!! Awwww…the singer revealed that her hubby Tee Billz surprised with her the cuddly pet.
She introduced the newest member of their home to her fans writing,
Awww so after a long day of shooting a video I got home to a wonderful surprise from @teebillz323 ???instantly fell in love #mydarling #mynewbaby #doglover #mansbestfriend

Lady publicly Stripped and Disgraced for Wearing a Miniskirt in Ghana

http://bit.ly/1zf80Ae

Lady publicly Stripped and Disgraced for Wearing a Miniskirt in Ghana