• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Wednesday, September 17, 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

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

September 17, 2025
Bank Sacks Staff, Replaces Her With AI Tool She Trained

Bank Sacks Staff, Replaces Her With AI Tool She Trained

September 5, 2025
Mayor of Urhoboland Felicitates Governor Oborevwori on 62nd Birthday

DESOPADEC Must Render Account to Deltans – Mayor Akpodoro Challenges Oborevwori, Nani

September 2, 2025
South-South Stakeholders Converge in Asaba for NG-CARES Review Meeting, Chart Course for Next Phase

South-South Stakeholders Converge in Asaba for NG-CARES Review Meeting, Chart Course for Next Phase

August 26, 2025
Mulade Urges Ijaw, Itsekiri to Strengthen Unity for Peace and Development

Mulade Urges Ijaw, Itsekiri to Strengthen Unity for Peace and Development

August 18, 2025
I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

I asked Grok one of most powerful AI tools to give me the wealthiest tribe in Nigeria, the tribe it mentioned with reasons will shock you

August 14, 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

  • Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

    Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

    0 shares
    Share 0 Tweet 0
  • BREAKING: Ex-Delta Deputy Governor Otuaro Abandons Okowa’s Political Family, Says He Remains Member of PDP

    0 shares
    Share 0 Tweet 0
  • Tension rises in Rivers Govt House, read what happened this morning as Ibas hand over tomorrow

    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
  • Guinness World Records Makes Official Statement After Days of Hilda Baci Feeding 20,000 Lagosians

    0 shares
    Share 0 Tweet 0
  • Chief Ejiofor to Be Conferred Prestigious Fellowship by the Institute of Business Diplomacy and Financial Management

    0 shares
    Share 0 Tweet 0
  • SEX outside marriage banned in Indonesia- Citizens,foreigners to face one year jail term if caught

    0 shares
    Share 0 Tweet 0
  • BREAKING: President sacks Finance Minister, 4 Others in a Surprise Cabinet Shake Up

    0 shares
    Share 0 Tweet 0
  • Two Doctors Escape After Receiving Training Under Government Sponsorship for 8 Years

    0 shares
    Share 0 Tweet 0
  • BREAKING: President Tinubu ends emergency rule in Rivers, Fubara to resume office Thursday

    0 shares
    Share 0 Tweet 0

Latest Stories

BREAKING: President Tinubu ends emergency rule in Rivers, Fubara to resume office Thursday

September 17, 2025

Tension rises in Rivers Govt House, read what happened this morning as Ibas hand over tomorrow

September 17, 2025

Delta Police Arrest Suspected Church Robbery Syndicate, Recover Arms in Ogwashi-Uku

September 17, 2025

NLC, Delta Govt At Daggers Drawn Over Dress Code For Civil Servants

September 17, 2025

Senator Ned Nwoko Facilitates Relief Materials for Delta North Flood Victims

September 17, 2025

Two Doctors Escape After Receiving Training Under Government Sponsorship for 8 Years

September 16, 2025

Senator Dafinone Praises Olorogun Igho’s Legacy as He Receives Sultan’s Recognition

September 16, 2025

Guinness World Records Makes Official Statement After Days of Hilda Baci Feeding 20,000 Lagosians

September 15, 2025

2027: Dafinone Deserves Second Term, Says Bodjor As He Hosts Ughelli South Political Colonels

September 15, 2025

ANIOMA: History, Identity, Equity and the Quest for Statehood, By Senator Ned Nwoko

September 15, 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.