Nigeria’s Minister of Finance, Kemi Adeosun has been appointed as the Chairperson, Board of Governors of Economic Community of West African States (ECOWAS) Bank for Investment and Development.

Adeosun was appointed at the 15th ordinary meeting of the board of governors of the bank held on Tuesday to succeed Hassouni Massoudou from Benin Republic.

The board meeting which was declared open by Nigeria’s Vice President, Yemi Osinbajo had in attendance the ministers of finance and members of the bank’s executive board form Benin Republic, Burkina Faso, Cape Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea – Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone and Togo.

Speaking at the meeting, Adeosun said the 15 – member countries of ECOWAS could promote inclusive development in the region by embracing a new development model that promotes radical economic growth and transformation, prioritizes industrialization and lays conscious emphasis on agriculture to improve food security.

Other measures according to her, include boosting the ocean economy in the region and for member nations to embark on deliberate efforts to promote regional integration among member states.