ECOWAS wishes Buhari quick recovery, condemns terror attacks in Mali
Cuts Operational Costs By $12m
The Parliament of the Economic Community of West African States (ECOWAS) has wished President Buhari a quick recovery as he takes care of himself in a London hospital.
The Speaker of the Parliament, Moustapha Cisse Lo, made the remark at the 2017 1st Extraordinary Session of the 4th Legislature of the Parliament in Abuja.
The Speaker, on the economic state of the Parliament’s host country Nigeria, said the nation has been suffering in areas of high inflation, shortage of foreign currencies and particularly from the fall in the price of barrel of crude oil and the attacks of its oil installations by rebel groups, resulting in revenue loss for the government since 2015.
Cisse Lo, on the political and security situation in Mali, condemned what he described as ìdespicable and cowardly attacksî carried out by enemies of peace and reconciliation in the country.
Furthermore, in efforts to cut operational costs of its institutions, ECOWAS has managed to save about $12 million in 2016.
President of the Commission, Marcel de Souza, represented by Mr. Edward Singhatey, Vice President of the commission, said this at the opening of the first Extraordinary Session of the ECOWAS Parliament in Abuja, yesterday.
While stating that efficient cost control measures had been implemented to make the Commission more effective and credible, he explained the cost cutting measures were put in place by the new management when it took over office in March 2016. He also reiterated that the cut in cost was to implement programmes and projects that will facilitate the ECOWAS Vision 2020.