An influencer identified as Flora the Digital Banker has gone viral after claiming that Nigeria’s currency, the Naira, will be replaced by a single regional currency known as the Eco starting in 2027.
According to her, the Eco will serve as a shared currency among 12 West African countries under the umbrella of the Economic Community of West African States (ECOWAS).
“Are you aware that from 2027, there is not going to be a currency called Naira? It is going to be replaced by a currency called the Eco,” she stated. She further explained that the Eco would combine the currencies of participating West African nations into one unified system.
Flora compared the proposed arrangement to the model used by the European Union, where member states share a common currency, the Euro. According to her, the Eco is designed to mirror that structure by promoting price stability and easing cross-border transactions within the region.
The countries she mentioned as likely adopters include Nigeria, Ghana, Senegal, Togo, Guinea, Guinea-Bissau, Côte d’Ivoire, Liberia, Sierra Leone, The Gambia, and Cabo Verde.
She also raised concerns about the governance of the new currency, questioning who would print and manage it. Flora pointed to fears that external powers, particularly France, could exert influence over the Eco, noting that some West African nations currently use currencies historically tied to France.
“Nigeria is pushing to ensure that France does not have control over this currency,” she claimed.
Urging early public engagement, she advised citizens to raise concerns now rather than waiting until implementation is imminent.
“If you have concerns… this is the time to raise them. Don’t wait for 11:45 when the policy is already implemented before you start to protest,” she warned.
Flora concluded by calling for increased awareness, encouraging viewers to share the information widely about the anticipated regional currency shift in 2027.
It is important to note that these claims are based solely on the influencer’s statements. There has been no independent confirmation from Nigerian authorities, ECOWAS leadership, or the Central Bank of Nigeria regarding the replacement of the Naira by 2027.
Published by Ejoh Caleb
