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AIMS AND OBJECTIVES OF ECOWAS

Commerce (SS)

ECONOMIC GROUPINGS IN WEST AFRICA

ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS) ECOWAS was established on May 28th , 1975 after the treaty establishing it was signed in Lagos, Nigeria. The member countries of ECOWAS are: Sierra Leone 2. Gambia 3.Cape verde 4. Guinea          5. Guinea Bissaau Cote D’ivoire 7. Liberia 8.Burkina Faso  9.Mali   10. Mauritania Niger 12. Nigeria 13.Senegal                   14.Benin           15. Togo   AIMS AND OBJECTIVES OF ECOWAS Promotion of co-operation and development among member countries. Abolition of trade restriction among member countries. Establishment of common tariff against the rest of the world. Removal of all obstacles to free movement of goods persons and capital among member countries. Harmonization of agricultural policies Implementation of infrastructural schemes and joint developmental projects in the area of transportation, energy etc. Harmonization of monetary policies of member countries Harmonization of economic and industrial policies among member countries To establish a common fund for co-operation, compensation and development.… Read More »ECONOMIC GROUPINGS IN WEST AFRICA

Government

ECONOMIC COMMUNITY OF WEST AFRICAN STATES

FORMATION OF ECOWAS The Economic Community of West African States (ECOWAS) was created by the Treaty in Lagos, Nigeria, on 28th May, 1975. It was created to promote economic trade, national cooperation and monetary union, for growth and development throughout West Africa.   The administrative headquarters of the community is located in Abuja, while the fund raising headquarters is located in Lome, Togo. The establishment of the organization was masterminded by General Yakubu Gowon of Nigeria and President Eyadema of Togo. There are currently 15 member countries in the Economic Community of West African States.   The founding members of ECOWAS were : Benin, Cote d’Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Mauritania (left 2002), Niger, Nigeria, Senegal, Sierra Leone, Togo and Burkina Faso ( which joined as Upper Volta). Cape Verde joined in 1977.   AIMS AND OBJECTIVES OF ECOWAS To promote cooperation and integration in all fields… Read More »ECONOMIC COMMUNITY OF WEST AFRICAN STATES

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