Former President Olusegun Obasanjo is calling on the leaders of the Economic Community of West African States, ECOWAS, to agree on common currency to boost the regional trade.
Obasanjo made call at the ongoing 24th Annual General Meeting of the African Export-Import Bank in Kigali.
According to reports, he spoke on the Topic : Can Regional Economic Communities Work for Africa: Lessons from a Founding Father, saying that the currency is required to move the current level of the regional trade from 25 per cent to more than 50 per cent.
He said the various currency zones like the Naira zone, the Cedi zone, among others should not be allowed to mitigate the flow of trade within the region.
Obasanjo, however, lauded ECOWAS countries for their ability to resolve their issues on their own, adding that ECOWAS on its own had resolved conflicts in Liberia, Sierria Loene and The Gambia.
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