Economic Community of West African States in the context of "Self-sustainability"

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⭐ Core Definition: Economic Community of West African States

The Economic Community of West African States (ECOWAS; also known as CEDEAO in French and Portuguese) is a regional political and economic union of twelve countries of West Africa. Collectively, the present and former members comprise an area of 5,114,162 km (1,974,589 sq mi) and have an estimated population of over 424.34 million.

Considered one of the pillar regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. Additionally, ECOWAS aims to raise living standards and promote economic development. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou, the largest city in Benin.

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Economic Community of West African States in the context of West African Economic and Monetary Union

The West African Economic and Monetary Union, generally referred in English to by its French acronym UEMOA (for Union Économique et Monétaire Ouest-Africaine) and alternatively as WAEMU, is a treaty-based arrangement binding together eight West African states, seven of which were previously colonies of French West Africa. It was established to promote monetary and financial stability as well as economic integration among countries that share the West African CFA franc (ISO 4217: XOF) as a common currency. From 1962 to 1994, it was known as the West African Monetary Union (WAMU or, in French, UMOA for Union Monétaire Ouest-Africaine).

Territorially, UEMOA mostly overlaps with the larger regional organization, the Economic Community of West African States (ECOWAS).

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Economic Community of West African States in the context of African Monetary Union

The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, similar to the euro; the hypothetical currency is sometimes referred to as the afro or afriq. The single African currency is to be composed of currency units made up of regional union reserve bank currency units of which are made up of country specific currencies (The Arab Maghreb Union (AMU) - Northern Afriq, Southern African Development Community (SADC) - Southern Afriq, Economic Community of West African States (ECOWAS) - Western Afriq or ECO, East African Community (EAC) - Eastern Afriq, Common Market for Eastern and Southern Africa (COMESA) - Central Afriq etc.).

The Abuja Treaty, an international agreement signed on June 3, 1991, in Abuja, Nigeria, created the African Economic Community, and called for an African Central Bank to follow by 2028. As of 2019, the plan is to establish an African Economic Community with a single currency by 2023.

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Economic Community of West African States in the context of Treaty of Lagos

The Economic Community of West African States (ECOWAS) was created by the Treaty of Lagos on May 28, 1975, in Lagos, Lagos State, Nigeria. ECOWAS was established to promote cooperation and integration in order to create an economic and monetary union for promoting economic growth and development in West Africa.

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Economic Community of West African States in the context of Nigerian Armed Forces

The Nigerian Armed Forces (NAF) are the military forces of Nigeria. The forces consist of three service branches: the Nigerian Army, Nigerian Navy, and Nigerian Air Force. The President of Nigeria functions as the commander-in-chief of the armed forces, exercising his constitutional authority through the Ministry of Defence, which is responsible for the management of the military and its personnel. The operational head of the AFN is the Chief of Defence Staff, who is subordinate to the Nigerian Defence Minister. With a force of more than 230,000 active personnel, the Nigerian military is one of the largest uniformed combat services in Africa.

The Nigerian Armed Forces were established in 1960 as the successor to the combat units of the Royal West African Frontier Force stationed in the country, which had previously served as the British Empire's multi-battalion field force, during Nigeria's protectorate period. Since its creation, the Nigerian military has fought in a civil war – the conflict with Biafra in 1967–70 – and sent peacekeeping forces abroad, both with the United Nations and as the backbone of the Economic Community of West African States Cease-fire Monitoring Group (ECOMOG) in Liberia and Sierra Leone. It has also seized power twice at home (1966 & 1983). Nigeria's armed forces would continue to remain an active element in combat operations throughout the African continent over the proceeding decades, with notable engagements including its 2017 involvement as part of the ECOWAS military intervention in the Gambia.

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