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December 31, 2019 Federal Government Studies Adoption Of Eco As ECOWAS Currency.

Federal Government Studies Adoption Of Eco As ECOWAS Currency.

The Federal Government says it is studying the situation on change of West African Economic and Monetary Union, UEMOA currency, Eco, to be used as ECOWAS single currency.

 

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this known in a statement by Yunusa Abdullahi, her Special Adviser, Media and Communication, in Abuja.

 

Eight West African countries have agreed to change the name of their common currency to Eco, thereby effectively severing the CFA franc’s links to former colonial ruler France.

 

The countries include Benin republic, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo with Ahmed saying Nigeria as a country would respond in due course.

December 31, 2019 Federal Government Defends Growing Debt.

Federal Government Defends Growing Debt.

Minister of Information and Culture, Alhaji Lai Mohammed has decried that the country’s debt stock was being misrepresented by those he described as scaremongers.

 

According to Lai Mohammed, Nigeria is not in debt trouble as being circulated as the nation is within a reasonable debt to its Gross Domestic Product ratio.

 

He explained that the debt was an accumulation of successive government activities, adding that the economic state of the country was good.

December 31, 2019 Lai Mohamed Denies Involvement In Hate Speech Bill.

Lai Mohamed Denies Involvement In Hate Speech Bill.

Minister of Information and Culture, Lai Mohammed has denied the allegation that he is behind the Hate Speech Bill at the National Assembly.

 

Senator Francis Fadahunsi had made the allegation while speaking with journalists in Oshogbo.

 

Alhaji Mohammed, while addressing a press conference in Ikeja, Lagos, described the allegation that the senator who is sponsoring the bill is fronting for him, as fake news.

December 31, 2019 Beckham’s Inter Miami appoint Alonso as first head coach

Beckham’s Inter Miami appoint Alonso as first head coach

David Beckham’s new MLS team Inter Miami have appointed Diego Alonso as their first head coach.

The Uruguayan, who has coached two different teams to CONCACAF Champions League titles, officially took over on Monday as the inaugural manager of Beckham’s club.

The 44-year-old, who earned eight international caps as a striker, is expected to implement an attacking style

Alonso’s appointment comes just a matter of weeks before Inter Miami gather for pre-season training ahead of their first MLS campaign.

Beckham is a leading part of the ownership and management group for the franchise, which will make their MLS debut against Los Angeles FC on March 1.

Alonso was most recently coach of the Mexican club Monterrey, but was sacked in September despite having led them to the CONCACAF Champions League title just five months earlier.

Alonso’s 2016/17 triumph with fellow Mexican side Pachuca makes him the only coach to win the tournament with two different clubs.

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