{"id":190425,"date":"2022-05-24T18:01:14","date_gmt":"2022-05-24T17:01:14","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=190425"},"modified":"2022-05-24T18:06:26","modified_gmt":"2022-05-24T17:06:26","slug":"west-africa-nations-need-to-collaborate-to-tackle-economic-challenges-says-buhari","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/05\/24\/west-africa-nations-need-to-collaborate-to-tackle-economic-challenges-says-buhari\/","title":{"rendered":"West Africa nations need to collaborate to tackle economic challenges, says Buhari"},"content":{"rendered":"<p>President Muhammadu Buhari has stated that West African countries need to forge a closer collaboration to tackle economic challenges confronting the sub-region.<\/p>\n<p>This was stated on Tuesday by Buhari\u00a0while receiving delegates from the West African Bankers Association (WABA) in Abuja.<\/p>\n<p><span data-preserver-spaces=\"true\">Femi Adesina, a presidential spokesperson, issued a statement to that effect.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The president said\u00a0<\/span><span data-preserver-spaces=\"true\">African countries have traded with one another without a formalised and structured system for many centuries.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201dMore importantly, we will turn the page in ensuring that we deepen and expand our industrial capabilities by making sure we export less of what we have been endowed within the primary or raw form and convert larger portions of these resources into finished materials,\u201d Buhari said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThat will allow us to benefit from the revenue earned from the added value of exporting a finished product.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201dOur ability to overcome the current phase of our development lies in our resolve to work jointly via our regional and sub-regional <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/06\/dont-return-schools-to-faith-based-organisations-ondo-muslim-community-tells-akeredolu\/\">organisations<\/a> where we can all reach a common understanding to fight against a common enemy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201dThis is one of the reasons I am delighted with the strides ECOWAS has been making towards unanimity and forging alliances with a goal to resolve issues that confront the sub-region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201dI believe that this is also the approach that is being followed in the West African Bankers\u2019 Association and the West African Monetary Union.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On his part, Thierno Nourou Sy, WABA president, said the association would work towards finding a common ground to synchronise monetary and fiscal policies despite the unique macro-economic challenges that each member-state faces.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201dThat\u2019s why we are here for counsel and guidance for the financial sector in West Africa,\u201d Nourou Sy said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He urged Buhari to be an advocate for greater inclusion of the association in the ECOWAS structure, adding that Nigeria needs to set up a training academy for the industry.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Muhammadu Buhari has stated that West African countries need to forge a closer collaboration to tackle economic challenges confronting the sub-region. This was stated on Tuesday by Buhari\u00a0while receiving delegates from the West African Bankers Association (WABA) in Abuja. Femi Adesina, a presidential spokesperson, issued a statement to that effect. The president said\u00a0African countries [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":190428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[38420,10436,17891,38421],"class_list":["post-190425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-economic-challenges","tag-muhammadu-buhari","tag-west-africa","tag-west-african-bankers-association"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>West Africa nations need to collaborate to tackle economic challenges, says Buhari<\/title>\n<meta name=\"description\" content=\"President Muhammadu 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