This organization was established on the 28th of May 1975 with its headquarters in Lagos. It is made up of sixteen countries.
INSTITUTIONAL ORGANS OF ECOWAS
- The Authority of Heads of States and Government.
- The Council of Ministers.
- The general secretariat is situated in Lagos.
- The fund for co-operation, compensation and development.
AIMS/OBJECTIVES OF ECOWAS
- To encourage increasing trade among member countries.
- To promote a wide range of industrial development.
- To promote a better allocation of resources.
- To ensure a future customs union.
- To facilitate infrastructural development among member countries.
- To promote economies of large-scale production
- To remove all forms of tariff and quotas among member states.
- To harmonize a bargaining power/device for better prices of their agricultural products.
- To create a wide market for member countries.
ACHIEVEMENTS OF ECOWAS
- Increasing trade liberation among member states.
- Harmonization of member states which has led to economic progress among its members.
- Creation of a large market which has led to the establishment of large-scale industries.
- Ensuring a free flow of human and material resources from one member country to another.
PROBLEMS OF ECOWAS
- Political instability and constant military coup among most West African countries.
- Differences in currency and language.
- Population differences and development.
- Lack of manpower.
- Lack of finance.
- Ratification and implementation of decisions
- Low level of trade among West African countries.
- Fear of domination of smaller countries by bigger ones.