• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Thursday, December 4, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

JUST IN: ECOWAS opens up on why it lifted economic sanctions on Niger, Mali, Burkina Faso

by Emerald Nigeria
February 24, 2024
in Economy
ShareTweetShareShare

The Economic Community of West African State​s (ECOWAS) says the decision to lift sanctions on Mali, Niger, and Burkina Faso was based on the need to maintain regional unity and security.

D​r Omar Touray, President of the ECOWAS Commission said this at the end of the extraordinary session of the Heads of State and Government of ECOWAS on Saturday in Abuja.

He said that the authority took note of the period of Lent and the approaching month of Ramadan and the impact on citizens, adding that pleas were also received from prominent leaders including retired Gen. Yakubu Gowon.

”The authority takes note that the withdrawal will have political, social, socio-economic, financial and institutional implications for the three countries as well as for ECOWAS as a region.

”The authority recall​s that within the framework of regional cooperation against terrorism, violent extremism and organised crime, the three countries benefited from about 100 million US dollars mobilised by UMR within the context of the ECOWAS plan of action against terrorism.

”Moreover, some funds allocation, about 7.5 million U.S. dollars is being made towards supporting the three countries in acquiring the equipment to help their fight against terrorism.

Also Read:

JUST IN: Buhari’s former chief of staff, Prof. Gambari, secures international appointment, you need to see the job offer

BREAKING: ECOWAS bows to Niger, Mali, Bukina Faso, suspends economic sanctions, read what Tinubu says

Gabon coup: Ex-military generals warn politicians, reveal what Tinubu, other African leaders must do to avoid overthrow

No going back on military intervention against Niger junta, ECOWAS commission says

”The withdrawal will affect security cooperation in terms of sharing intelligence and participation in regional counterterrorism initiatives.

”Such as the Accra initiative, and the Multinational Joint Task Force,’‘ he said.

Touray added that the withdrawal of the countries from the sub-regional bloc would lead to diplomatic and political isolation at the international scene where the countries have obtained support for their candidates in the contest for international positions.

”The authority recognises that the withdrawal will automatically affect the immigration status of the citizens, as they may be required to obtain visas to travel around the region.

”Citizens may no longer be able to reside or set up businesses under ECOWAS arrangement and may be subject to diverse national laws.

The three countries will cease to use ECOWAS passports across biometric national identity cards, and the brown card vehicle insurance.

”The authority recognises that the three member states represent 17.4per cent of the region’s 425 million population.

Even though they represent 10% of the region’s GDP, their departure will constitute a reduction of the market size of ​ECOWAS.

He said that the ​sanctions w​ere lifted to promote trade and benefits derived from​ several regional projects and programmes including the Regional Food Security Reserve.

”The regional support programme for powerful pastoralism in the Sahel, which is being funded by the World Bank to the tune of 215 million US dollars is also a project that benefits the three countries.

”The three countries also benefit from the Sahel regional irrigation support programme, which is being funded by the World Bank to the tune of 103 million US dollars.

”The three regional food systems resilient support programme in the amount of 230 million, funded by the World Bank is also benefiting the three countries.

”West African single identity and regional integration and inclusion project is another programme that the three countries benefit from.”

​He said that other projects the countries benefits from are the ECOWAS regional electricity market, West African Power Pool project, which links member states to a regional electricity grid for improved access to electricity.

He said not lifting the sanction would result in the halt or the suspension of all ECOWAS projects and programmes worth more than 500 million US dollars.

Touray said that the projects collectively valued at approximately 321.6 million U.S. dollars.

”Reviewing the implications at the institutional level, the authority notes that the withdrawal will not only require the closure of four regional entities in Burkina Faso, two regional bodies in Mali and one regional office in Asia.

”It will also affect the job security of some 130 ECOWAS staff who are citizens of the three countries. Currently 77 staff members are from Burkina Faso, 23 are from Mali, and 32 are from Niger

Source: Vanguard News
Tags: Burkina FasoECOWASMaliNiger
ShareTweetShareSend
Previous Post

Edo2024: I’m the authentic PDP candidate, Ighodalo was produced by people who attended a social party – Shaibu

Next Post

PINL Intel leads Nigerian Navy to uncover 14 illegal bunkering sites in Rivers state

Related Posts

Delta Is Open for Business – Oborevwori Sends Message To Investors, Orders Fast-Track Repair of Ubeji–Refinery Road

Delta Is Open for Business – Oborevwori Sends Message To Investors, Orders Fast-Track Repair of Ubeji–Refinery Road

November 28, 2025
New Tax Law Poised to Supercharge SME Growth, Transform Revenue System, Reposition Nigeria’s Economy – University Don

New Tax Law: Stakeholders Demand Clear Results, Push Government on Accountability

November 28, 2025
New Tax Law Poised to Supercharge SME Growth, Transform Revenue System, Reposition Nigeria’s Economy – University Don

New Tax Law Poised to Supercharge SME Growth, Transform Revenue System, Reposition Nigeria’s Economy – University Don

November 27, 2025
Okumagba Commends Oborevwori’s 2026 Budget Proposal, Says Budget Will Unlock Growth Potentials of Delta

Okumagba Commends Oborevwori’s 2026 Budget Proposal, Says Budget Will Unlock Growth Potentials of Delta

November 27, 2025
BREAKING: Oborevwori Presents ₦1.664 Trillion Budget Proposal for Delta State’s 2026 Fiscal Year

BREAKING: Oborevwori Presents ₦1.664 Trillion Budget Proposal for Delta State’s 2026 Fiscal Year

November 26, 2025
Delta Widows Applaud Oborevwori for Prompt October Stipend Payment

Delta Widows Applaud Oborevwori for Prompt October Stipend Payment

November 22, 2025
Next Post
PINL Intel leads Nigerian Navy to uncover 14 illegal bunkering sites in Rivers state

PINL Intel leads Nigerian Navy to uncover 14 illegal bunkering sites in Rivers state

Trending

  • JUST IN: President Tinubu approves establishment of federal university in Delta, 7 others

    BREAKING: Tinubu Nominates Reno Omokri, FFK, immediate past INEC Chairman, Former Enugu Gov, 28 others As Ambassadors (See Full List)

    0 shares
    Share 0 Tweet 0
  • BREAKING: President Tinubu Appoints General Christopher Musa New Minister of Defense

    0 shares
    Share 0 Tweet 0
  • JUST IN: Governor Oborevwori Makes Big Announcement For Deltans

    0 shares
    Share 0 Tweet 0
  • BREAKING: Police withdraw officers attached to Wike, Atiku, CJN, Namadi Sambo, Aisha Buhari, other high profile Nigerians

    0 shares
    Share 0 Tweet 0
  • OBOREVWORI/OMO-AGEGE’S MEETING: APC Chieftain, Eboh Hails Governor’s Leadership Style

    0 shares
    Share 0 Tweet 0
  • A Forward-Looking Plan: APC Chieftain Ogochukwu Applauds Delta’s 2026 Budget Priorities

    0 shares
    Share 0 Tweet 0
  • Over 60 Arrests in 26 Years: Inside Sand Dealers Battle For Asaba River Beaches As Owners Decry Police Harassment, Demand FG’s Intervention

    0 shares
    Share 0 Tweet 0
  • ANIOMA: Nwoko’s Adviser Reaffirms Asaba as Capital, Labels Relocation Rumour Fake News, Mischievous

    0 shares
    Share 0 Tweet 0
  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • With Digital Overhaul, Infrastructure Upgrade, DELSU Emerges As Nigeria’s Leading State University (Details Mind-blowing)

    0 shares
    Share 0 Tweet 0

Latest Stories

JUST IN: Governor Oborevwori Makes Big Announcement For Deltans

December 3, 2025

Addressing Falsehoods: The Truth About Consultations for Anioma State Creation, By Eze Onwenna

December 3, 2025

Governor Oborevwori’s Wife Inaugurates Cottage Hospital In Ughelli

December 3, 2025

Senator Nwoko Celebrates Wife’s Grace, Patience in Touching Public Message

December 3, 2025

Elumelu Honoured as Best Security Supportive Politician of the Year at RazorNews Inter-Agency Cooperation Awards

December 3, 2025

BREAKING: President Tinubu Appoints General Christopher Musa New Minister of Defense

December 2, 2025

ANIOMA STATE: From ‘It’s Impossible’ To ‘Where Should The Capital Be?’

December 2, 2025

No Cause For Alarm: A Strategic Analysis of the Delta North Legislators Press Release on Anioma State Creation

December 2, 2025

With Digital Overhaul, Infrastructure Upgrade, DELSU Emerges As Nigeria’s Leading State University (Details Mind-blowing)

December 2, 2025

Issele-Azagba Community Appeals to Delta Government Over Alleged Land Encroachment by Cubana Group

December 1, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.