IMF disclaims West Africa single currency report

The on-going debate on the workability of a single currency for the West African sub-region, took another turn on Thursday as the International Monetary Fund (IMF) appeared to disclaim a report submitted by its researchers opposing Nigerian participation in the project.

The debate was actually sparked off two weeks ago by the report of three IMF researchers, Xavier Debrun, Paul Masson and Catherine Patitillo, who submitted among other observations, that a monetary union with Nigeria would not