The Minister of Finance, Mrs Kemi Adeosun has emerged as the new Chairman of the Board of Governors of the ECOWAS Investment Bank. She was named as the new Chairman on Tuesday in Abuja at the 15th Annual General Meeting of the board of governors of the bank, which was attended by ministers of finance of all the 15 member states that made up the ECOWAS region.
She succeeds her counterpart from the Republic of Niger, Hassoumi Massoudou. The investment bank was established to “promote private sector and development of the public sector and contribute to the economic development of West Africa through the financing of projects and programmes, particularly those related to transport, energy, telecommunications, industry, poverty alleviation, the environment and natural resources.”
At the opening session of the meeting, Mrs. Adeosun proffered ways the 15-member countries of ECOWAS could promote regional integration and inclusive development in the sub-region. These include promoting inclusive economic growth, radical economic transformation, and prioritising industrialisation.
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