The long awaited dream of having a single currency among the 15 member states of ECOWAS (Economic Community of West African States) to facilitate smooth regional trade in 2020 has taken a huge step forward, with calls of proposal for a name and logo for the proposed single currency.

The idea of a single currency has been in the pipeline since 1983, when leaders of the sub-region met to discuss other issues as well as the integration of the regional economy. However, in 2009, after years of little progress concerning the adoption of a single currency, the regional body in 2009 adopted a roadmap, with the aim of creating the ECOWAS single currency in 2020.

Four years later, in 2013, ECOWAS established a taskforce to oversee the process of furthering the creation of the single currency, given the numerous delays.

The taskforce met in Accra this year and revised the timeline for achieving a single currency. In addition to ten other programs, the task force set 2020 as a deadline for selecting the name of the ECOWAS single currency.

According to the terms of reference published on the Central Bank of Liberia’s website, the competition is open to all citizens of ECOWAS member states free of charge, with winning prizes ranging from US$10,000, US$8,000, and US$5,000 respectively for proposal that comes first, second and third place.

“Accordingly, all proposals for currency name shall not be based on the name of a person, ethnic group or contain expressions directly linked with a religion, country or national institution, among others. On the other hand, the logo shall, among other things, symbolize unity and shared cultural and historical values of ECOWAS.

“Each competitor may submit only one proposal for the name of the currency and/or the logo of the currency. Each participant shall confirm that the proposal is his/her personal and exclusive work and that all resources and data used in the creation of the proposal do not and will never constitute an infringement of moral or, intellectual property rights or the rights of a third person or entity,” the term of reference said.

The term of reference said entries must be mailed to the ECOWAS Commission’s address in Nigeria by November 20, 2018.
https://www.liberianobserver.com/news/ecowas-seeks-proposal-for-single-currency-logo-name/

Hmmm

this will help our dying economy but what do these smaller ecowas con3 have .nothing

The first mission right now is to send the jubril in Aso rock back to his village first. Before any other thing.

So all these Francophone countries money go come equal our own

It'd be better if The whole west Africa share the same currency for greater economy. Like Euros. But when we've grown in economical strength we can pull out.

They have been proposing this till eternity

ECOWAS should get serious this time around

good jor, as naira don cast make we use style equal that cedi

Our priority here is to send jubril back to Sudan.
And not some fuckingg currency..

Why not join with AU for one currency for Africa

This is a nice idea. It would be like Europe spending euros .

I thought ecowas has proposed this a long time ago

this will increase poverty in the region


Dead on arrival

Nigerian govt will refuse this proposal, beause it's regulations will hinder them from looting amass.


Especially the incumbent, deaf to anything development...

illitrate:
good jor, as naira don cast make we use style equal that cedi

It won't work

We are yet to register with ecowas...
Coz as of now we are not ecowas member....

How ?

ZombieTAMER:
this will increase poverty in the region


Dead on arrival

ECOWAS single currency will be detrimental to the Nigeririan economy.

illitrate:
good jor, as naira don cast make we use style equal that cedi

You are definitely not serious about this, try and read old threads this has been trashed so many times.

If properly managed it would be a good thing, although I don’t feel it’s fiseable yet.

Juliusmalema:
We are yet to register with ecowas...
Coz as of now we are not ecowas member....

Kaiii, I POSTPONE your case

holy shit, pls don't go there, cos history won't forgive u guys.

googlepikins:
The first mission right now is to send the jubril in Aso rock back to his village first. Before any other thing.

Please don’t commit suicide

Make the name be ...ecokpam..make we copy pound

Use the prototype Oduduwa Republic currency...

using the same currency what about it a country has inflation there will now be pressure to other country to adjust to the rate of other countries

hakeem4:
How ?

Good question. How?

Single currency for ease of trading.

Please those of you that found love on Nairaland, do you use the mobile app or web version?

I am tired of being single on NL...

I am selling my tech blog https://www.phonetechvilla.com with an adsense account.

Who did ECOWAS epp