President Bola Tinubu, is currently hosting an Extraordinary Summit of The Economic Community of West African States (ECOWAS) at the Aso Rock Villa in Abuja.
The regional leaders’ focus today is on the political, peace, and security situation in the West African region.
Tinubu as the chairman of the ECOWAS Authority of Heads of State, is leading discussions aimed at potentially easing sanctions imposed on the military-ruled member states of Burkina Faso, Guinea, Mali, and Niger.
The Economic Community of West African States (ECOWAS), a regional bloc established nearly half a century ago, comprises 15 countries with its headquarters in Abuja, Nigeria.
The meeting comes in the wake of the military juntas in Burkina Faso, Mali, and Niger announcing their withdrawal from the bloc in late January, citing grievances over what they termed “illegal sanctions” adversely affecting their populations.
They accused ECOWAS of succumbing to the influence of external governments, whose interests diverge significantly from those of the West African people.
Reacting to the political upheavals in Mali and Burkina Faso, as well as the recent turmoil in Niger, ECOWAS had previously enforced stringent measures, including the suspension of all commercial and financial transactions with Niger and the freezing of its assets in the Aqua Central Bank, along with those of state enterprises in commercial banks.
Similar sanctions were applied to Mali and Burkina Faso following their descent into military rule.
Notably, while ECOWAS mandates that a member state intending to withdraw from the bloc must provide one year’s notice, the juntas declared their secession effective immediately.
This marked a significant moment for ECOWAS, being the first instance of member states opting to leave the bloc since Mauritania’s withdrawal in December 2000.
Adding a new dimension to the ongoing crisis, ministers from Burkina Faso, Mali, and Niger Republic disclosed plans on February 15 to form a confederation, further distancing themselves from ECOWAS.
Despite these declarations, ECOWAS officials have stated that the trio has yet to formally exit the organization.
The ongoing summit in Abuja is critical as it seeks to address these unprecedented challenges within the region, exploring avenues for reconciliation and the restoration of peace and stability across West Africa.