The Economic Community of West African States (ECOWAS): Aim, Objectives & Fundamental Principles

In May 1975, the Heads of State and Government of fifteen West African nations formalized the creation of the Economic Community of West African States (ECOWAS) by signing the ECOWAS Treaty in Lagos, Nigeria.

The Treaty of Lagos saw the participation of leaders from Benin, Burkina Faso, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Sierra Leone, Sénégal, and Togo.

The mission outlined in the treaty aimed to facilitate economic integration in the region. Cabo Verde joined the union in 1977, and while Mauritania withdrew in December 2000, it later rejoined as an associate member in August 2017.

Covering an expansive 5.2 million square kilometers, the ECOWAS region comprises Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Sierra Leone, Sénégal, and Togo.

Functioning as a key element within the African Economic Community, ECOWAS was established to foster collective self-sufficiency among its member states.

Its role as a trading union seeks to create a substantial trading bloc through economic cooperation.

The integrated economic activities within the region, boasting a combined GDP of $734.8 billion, span various sectors such as industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial matters, as well as social and cultural issues.

In 2007, the ECOWAS Secretariat underwent a transformation into a Commission.

Led by a President, supported by a Vice President, thirteen Commissioners, and the Auditor-General of ECOWAS Institutions, this Commission is comprised of seasoned bureaucrats providing leadership in the new direction.

As part of its renewal process, ECOWAS is actively implementing critical and strategic programs aimed at deepening cohesion and gradually removing identified barriers to full integration.

The ultimate goal is to empower the estimated 300 million citizens of the community to take ownership of realizing the new vision, transforming ECOWAS from a union of states into an “ECOWAS of the People: Peace and Prosperity to All” by the year 2050.

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The headquarters of ECOWAS is situated in Abuja, Nigeria

AIM

The primary objective of the Community is to promote cooperation and integration, leading to the establishment of an economic union in West Africa.

This union aims to elevate the living standards of the people, maintain and enhance economic stability, foster relations among Member States, and contribute to the progress and development of the African continent.

OBJECTIVES

The overarching objectives of the organization include:

FUNDAMENTAL PRINCIPLES

The fundamental principles guiding the organization include:

VISION

The vision for the organization is characterized by:

 

 

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