• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Thursday, November 13, 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

Bayelsa APC reacts to court judgment sacking Sylva from contesting November 11 guber poll

BREAKING: EFCC Declares Former Bayelsa Governor Timipre Sylva Wanted

November 10, 2025
You need to read what Oshiohmhole said about outcome of Edo guber poll

ICYMI: Oshiomhole Accuses Retired Army Generals, Chinese Nationals of Running Illegal Mining Rings in Nigeria

November 8, 2025
Senator Nwoko’s Ad-Hoc Committee Uncovers Startling $300 Billion in Missing Crude Oil Revenue

Senator Nwoko’s Ad-Hoc Committee Uncovers Startling $300 Billion in Missing Crude Oil Revenue

November 8, 2025
JUST IN: Senate takes decision on petrol powered cars, considers electric vehicles

JUST IN: Senate takes decision on petrol powered cars, considers electric vehicles

November 5, 2025
Dr. Ochuko Emudainohwo to Deliver DOPF 2025 Annual Lecture in Asaba

Dr. Ochuko Emudainohwo to Deliver DOPF 2025 Annual Lecture in Asaba

November 3, 2025
BSFAA 2025: Business Summit Empowers Nigerian Entrepreneurs Amid Economic Turbulence

BSFAA 2025: Business Summit Empowers Nigerian Entrepreneurs Amid Economic Turbulence

October 21, 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: Russia makes strong statement as US takes steps to combat terrorists in Nigeria

    JUST IN: Russia makes strong statement as US takes steps to combat terrorists in Nigeria

    0 shares
    Share 0 Tweet 0
  • Anambra2025: You Need To Read What President Tinubu said after Soludo’s APGA Defeated His APC

    0 shares
    Share 0 Tweet 0
  • BREAKING: Days After Trump’s Outburst, PFN President Breaks Silence on Christian Genocide in Nigeria

    0 shares
    Share 0 Tweet 0
  • Islamic Groups Protest in Kano Over Trump’s Comments on Nigeria’s Security Situation

    0 shares
    Share 0 Tweet 0
  • How former Northern governor reportedly shut hospitals against wounded Christians in 2016 – FFK Reveals

    0 shares
    Share 0 Tweet 0
  • Ubulu-Uku Kingdom: Young King Criticized for Allegedly Abandoning Throne, Delegating Powers to Uncles

    0 shares
    Share 0 Tweet 0
  • Senator Nwoko loses aide, sends delegation to commiserate with family

    0 shares
    Share 0 Tweet 0
  • Delta Poly in Turmoil Over Disputed Acting Deputy Rector Appointment

    0 shares
    Share 0 Tweet 0
  • Lady Ejiro Umukoro’s ‘Distortion’ Exposes Osu Caste System, Inspires Abolition

    0 shares
    Share 0 Tweet 0
  • ICYMI: Oshiomhole Accuses Retired Army Generals, Chinese Nationals of Running Illegal Mining Rings in Nigeria

    0 shares
    Share 0 Tweet 0

Latest Stories

Focused and Unfazed: Senator Nwoko’s Quiet Resolve in the Face of Political Noise

November 12, 2025

Minister of defense makes statement on altercation between Wike, naval officer on Tuesday

November 12, 2025

2027: Ijaw votes for Oborevwori to be determined by projects allocated to coastal communities – Mulade says

November 11, 2025

Senator Ede Dafinone: A Quintessential Legislator Building a Transformational Legacy in Delta Central

November 11, 2025

Beyond the Noise: Why Senator Ned Nwoko’s Record Speaks for Itself, By Chidi Chukwutem

November 10, 2025

Delta Poly in Turmoil Over Disputed Acting Deputy Rector Appointment

November 10, 2025

BREAKING: EFCC Declares Former Bayelsa Governor Timipre Sylva Wanted

November 10, 2025

Ubulu-Uku Kingdom: Young King Criticized for Allegedly Abandoning Throne, Delegating Powers to Uncles

November 10, 2025

What Delta Will Do To The Pointer Newspapers, 2 Delta Broadcasting Outfits Next Year

November 10, 2025

How former Northern governor reportedly shut hospitals against wounded Christians in 2016 – FFK Reveals

November 10, 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.