UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Sunday, August 14, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Solomon Gembeh, High Commissioner of Sierra Leone to Nigeria

Solomon Gembeh, High Commissioner of Sierra Leone to Nigeria

ECOWAS single currency will reduce dependency on the West – Envoy

byAgency Report
September 14, 2019
Reading Time: 2 mins read
0

Solomon Gembeh, High Commissioner of Sierra Leone to Nigeria, says implementation of the Economic Community of West Africa State (ECOWAS) single currency would reduce the dependency of member states on the west.

Mr Gembeh gave the view in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja.

He called on member states to work towards meeting the implementation deadline of the single currency “Eco” which, he said, was already a threat to Western countries.

According to the Sierra Leonean envoy, West Africa is blessed with a lot of mineral, natural resources and human resources which, if effectively harnessed, will make the region a trade destination for Western Countries.

“This is a concept that the West is beginning to get edgy about especially if Africans can trade among each other.

“Our citizens are educated and talented; so, if the single currency starts holding and West Africans trading among ourselves, we don’t need the West.

“All the natural resources of the world are here. It is from here they take them and send it to the west.

“We have oil, diamonds, gold, all our natural resources, agriculture and land to feed ourselves, we don’t need the west.

“At the end, Africa is where the next generation is going to be so why would you want to go to U.S?

TEXEM Advert

“In Sierra Leone we have our natural resources and start trading among each other you do not need to go to the West.

“For vacation, you can go to Bon Island in Sierra Leone, which is like a French Riviera, and so, the Single currency is a threat to the west, it is the way to go,” Mr Gembeh said.

Mr Gembeh, however, urged relevant institutions of member states that play key roles on the implementation of the single currency to work towards meeting the 2020 deadline.

He said that at first, there might be some challenges in the economies of some member states when implemented but that should not be a discouraging factor.

According to him, anytime there is an introduction of a new currency (even in other parts of the world) it will take sometime before people begin to see the benefits.

“It is not something that can be achieved or you see the benefits immediately.

“But I can assure you that once the big players are staring to change their currencies and using the eco, others will follow suit.

“As time passes by, we are going to be on that trajectory of making Eco currency for the whole of Africa.

“And at that point, we would have unlocked the engine of this sleeping giant that people have dismissed for a long time.

  • ANALYSIS: Senate’s ministerial screening, an opportunity lost

“We might not be alive to see the great work ,West Africa and indeed Africa would have done to the world when you see a reverse scramble of people rushing to come to Africa,” Gembeh said.

Mr Gembeh called on the governments of Nigeria and South Africa to urgently address the current issue of xenophobia attacks, adding that it could affect trading in the continent.

He explained that it would be at the detriment of the continent to have the two biggest economies at logger heads as it would further increase the continent’s dependency on the West.

The News Agency of Nigeria (NAN) reports that President Issoufou Mahamadou, Chairman, ECOWAS Authority Heads of Government had said that implementation of the ECOWAS single currency in 2020 was a top priority under his leadership.

Mr Mahamadou also explained that the creation of the single currency in 2020 will be an important instrument for achieving the economic and political integration of the West-Africa Sub-region.

(NAN)

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

13 soldiers feared killed, equipment seized in Boko Haram attacks

Next Post

SATIRE SATURDAY: Pius Adesanmi, Xenophobia and the tragedies home and abroad

Agency Report

Agency Report

More News

Wafula Chebukati, (Photo Credit: The Standard)

Kenya Decides: Electoral Returning Officer missing

August 13, 2022
Deputy President William Ruto of the United Democratic Alliance (UDA), and Raila Odinga of the Orange Democratic Movement (ODM)

#KenyaDecides: Raila, Ruto vote as polls open in Kenyan elections

August 9, 2022
#KENYADECIDES2022: Independent Electoral and Boundaries Commission (IEBC) officials accrediting voters

#KenyaDecides: 10 things to know as Kenyans choose new leaders

August 9, 2022
Deputy President William Ruto of the United Democratic Alliance (UDA), and Raila Odinga of the Orange Democratic Movement (ODM)

Kenya Elections: CODE launches technology to monitor security issues

August 9, 2022
In October 2021, a failing pump station appeared to be the cause of untreated sewage flowing about 500 meters across a golf course and into the Vaal River, a major source of water, irrigation and recreation in Vereeniging, Gauteng. This sewage dam is such a permanent feature it is visible on a Google streetview image dated July 1999. Photo by Steve Kretzmann

‘A tsunami of human waste’

July 27, 2022
Sri Lanka's President, Gotabaya Rajapaksa

Sri Lanka President set to resign after citizens protest

July 10, 2022
Leave Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria