The Economic Community of West African States (ECOWAS) has declared that the exit of Niger, Mali, and Burkina Faso would be detrimental to the region’s economy, including stalling projects worth over $500 million.
In a communiqué issued on Saturday, February 24, 2024, at the end of the extraordinary summit, ECOWAS specifically stated that “The withdrawal of the three-member states could result in the halt or the suspension of all ECOWAS projects and programmes worth more than $500 million.”
According to ECOWAS, “The authority recognizes 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.”
It would be recalled that the Chairman of the Authority, Bola Tinubu, had said the issues “though daunting, present an opportunity for ECOWAS to reaffirm its commitment to the vision of our founding fathers and the principles underpinning our commitment to peace, security, and regional integration.”
ECOWAS further highlighted other implications the withdrawal could have including socio-economic, political, security and humanitarian impact.
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