CBN Steers Nigeria’s Push for West African Single Currenc
Monrovia, Liberia — February 17, 2026 — The Central Bank of Nigeria (CBN) led Nigeria’s delegation to the Committee of Governors Meeting of the Economic Community of West African States (ECOWAS) held in Monrovia, Liberia, reinforcing the country’s commitment to regional monetary integration.
The Nigerian team was headed by the CBN Governor, Olayemi Cardoso, and included the Deputy Governor (Economic Policy), Muhammad Sani Abdullahi. The meeting formed part of ECOWAS statutory sessions convened with the West African Monetary Agency, the West African Monetary Institute, and the West African Institute for Financial and Economic Management.
Deliberations focused on advancing the roadmap toward a single West African currency, strengthening policy coordination, and enhancing financial collaboration among member states to promote macroeconomic stability across the sub-region.
Participants reviewed convergence criteria, institutional readiness, and implementation timelines critical to the integration agenda.
The sessions underscored the role of central banks in driving reforms that support price stability, resilient financial systems, and seamless cross-border trade, pillars seen as essential to achieving sustainable growth and deeper economic integration within ECOWAS.
