External Influences and Internal Struggles Hinder ECOWAS’ Aspirations– Prof. Otubanjo

The Economic Community of West African States (ECOWAS) has faced significant challenges in achieving its core objectives, not only due to internal economic and political struggles but also external interference, particularly from France. According to Femi Otubanjo, a retired political science professor at the Nigerian Institute of International Affairs, France has played a pivotal role in hampering the subregional bloc’s development. Otubanjo emphasized that the influence of external powers, particularly France, has prevented ECOWAS from realizing its full potential, causing bitterness and frustration among member states.

A key example of this interference is the delayed implementation of the ECO, a proposed common currency for West Africa. The ECO was intended to foster economic integration and reduce dependency on foreign currencies. However, Otubanjo pointed out that France’s control over the financial systems of its former colonies has consistently delayed the rollout of this currency, undermining the region’s economic independence.

Internally, ECOWAS member states have struggled with worsening economic conditions, poverty, terrorism, and political instability. Otubanjo highlighted that many countries, including Nigeria, Niger, Mali, and Chad, are grappling with these challenges. He argued that ECOWAS, despite being a collective of states with regional cooperation aspirations, cannot overcome these issues solely through collaboration. The bloc’s economic performance has deteriorated since its inception, and poverty remains rampant in several member states.

Nigeria, once the economic powerhouse and leader of ECOWAS, has also faced its own set of problems. With its economy in crisis and internal security challenges such as terrorism and banditry, Nigeria’s capacity to lead the regional bloc has been severely diminished. Otubanjo pointed out that Nigeria, despite its size, lacks the resources and stability to effectively lead ECOWAS in peacekeeping efforts or to address the challenges faced by the region.

Despite these difficulties, Otubanjo acknowledged that ECOWAS remains an essential institution. He believes that while it has not been entirely successful, it has not been a failure either. However, for ECOWAS to thrive, he stressed that Nigeria must address its domestic challenges, including economic and security issues. Otubanjo concluded that Nigeria’s leadership, based on competence and resources, is crucial for the fulfillment of the region’s aspirations.

SOURCE: BUSINESS DAY