CBN Governor, Godwin Emefiele

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has been elected as chairman of the West Africa Monetary Zone (WAMZ) at the ongoing sub-regional meeting being hosted by Nigeria.

A statement from the apex bank said that Emefiele accepted the challenge and declared:”a lot of work needs to be done, especially in respect of the attainment of ECOWAS single currency by 2020.”

He was quoted as saying that everything that is required to be done would be actualized towards the achievements of the objectives of the regional organization.

The CBN boss stressed that Nigeria is ever committed to the single currency project in the sub-region, even as he called on member countries to work towards achieving the convergence criteria.