Latest news with #WestAfricaEconomicSummit
Zawya
5 days ago
- Business
- Zawya
President Boakai Departs Liberia to Attend West Africa Economic Summit in Nigeria
President Joseph Nyuma Boakai, Sr., departed the country earlier today, June 19, 2025, to participate in the West Africa Economic Summit (WAES), taking place from June 20–21, 2025, in Abuja, Federal Republic of Nigeria. The West Africa Economic Summit brings together Heads of State, senior government officials, private sector leaders, and development partners from across the region to explore strategies for accelerating trade, investment, and regional integration. The summit is a key platform for shaping policies and partnerships that promote sustainable economic growth, job creation, and industrial development across West Africa. President Boakai is scheduled to address the WAES Forum, where he will articulate Liberia's vision for economic transformation and present investment opportunities in critical sectors such as agriculture, energy, infrastructure, tourism, and digital innovation. He will also hold a series of bilateral and multilateral meetings with fellow regional leaders, investors, and institutions to advance Liberia's development agenda and secure meaningful economic partnerships. The WAES is being convened in fulfillment of a commitment made by Nigerian President Bola Ahmed Tinubu during his chairmanship of ECOWAS in 2023 to organize a special summit focused on trade and investment in the region. The forum will culminate in the ECOWAS Summit of Heads of State and Government on Sunday, June 22, where leaders will deliberate on pressing regional issues including economic cooperation, peace and security, and sustainable development. The President is accompanied by a high-level delegation comprising the following officials: 1. Mme. Sara Beysolow Nyanti – Minister of Foreign Affairs 2. Hon. Augustine Kpehe Ngafuan – Minister of Finance and Development Planning 3. Hon. Magdalene Dagoseh – Minister of Commerce 4. Hon. Alexander Nuetah – Minister of Agriculture 5. Hon. Wilmot Paye – Minister of Mines and Energy 6. Hon. Jerolinmek Piah – Minister of Information, Tourism and Culture 7. Hon. Jeff Blibo – Chairman, National Investment Commission 8. Hon. Samuel A. Stevquoah – Minister of State Without Portfolio for Special Services 9. Hon. Samuel Kofi Woods II – National Security Advisor 10. Hon. Morley Kamara – Senior Economic Advisor to the President 11. Hon. Sekou Dukuly – Managing Director, National Port Authority 12. Hon. Amos Tweh – Managing Director, Liberia Petroleum Refining Company 13. Hon. Christopher Onanuga – Special Envoy for Tourism 14. Hon. Mohammed Bah – Special Envoy for Trade and Investments This President is also traveling with his teams on communication, security and protocol. While the President is away, the Minister of Justice, Cllr. Oswald Tweh, will chair the Cabinet in consultation with the President via telephone, ensuring continued oversight and coordination of national governance. Following the conclusion of the summit, the President and his delegation will return to Liberia on Monday, June 23, 2025. Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.
Business Insider
17-06-2025
- Business
- Business Insider
Despite ECOWAS fallout, Nigeria moves to reunite with Mali, Niger, and Burkina Faso
Despite a prolonged fallout within the Economic Community of West African States (ECOWAS), Nigeria is making diplomatic overtures to reengage Mali, Niger, and Burkina Faso, the three countries that have withdrawn from the bloc following military takeovers. Nigeria has invited Mali, Niger, and Burkina Faso to the 2025 West Africa Economic Summit for continued regional cooperation. This invitation reflects Nigeria's efforts to maintain economic ties despite political disputes in ECOWAS. Observers consider this a strategic move by Nigeria to preserve West African integration and avoid further regional fragmentation. This gesture, announced by Nigeria's Minister of Foreign Affairs Yusuf Tuggar during a press briefing in Abuja on Monday, signals Abuja's continued push for regional cooperation within the ECOWAS framework, despite ongoing political rifts. Tuggar emphasized that while the three countries have formally withdrawn from the Economic Community of West African States, Nigeria views them as indispensable partners in West Africa's economic future. He noted that regional development should not be derailed by political disagreements, particularly as shared challenges like security, trade, and infrastructure transcend institutional affiliations. ' While it is true that three countries in our region have chosen to depart from ECOWAS, this does not sever the bonds of trade, cooperation, and shared destiny that unite us as West Africans. 'These nations remain our neighbours, our partners, and integral stakeholders in the future of West Africa's economic transformation,' the minister said. Nigeria's diplomatic move to reunite the AES The invitation comes amid rising tensions between the ECOWAS bloc and the military-led governments of Mali, Niger, and Burkina Faso. These countries, now aligned under the Alliance of Sahel States (AES), have accused ECOWAS of failing to respect their sovereignty and have pursued a parallel path for regional collaboration. However, Nigeria's outreach suggests a willingness to bridge the divide, at least economically. Observers see this as a pragmatic move by Nigeria, the region's largest economy, to keep diplomatic channels open and prevent further fragmentation in West Africa's integration efforts. Recall that Nigeria was previously at the forefront of efforts to pressure the Sahel nations following their decision to exit the regional bloc. Abuja strongly condemned the military takeovers in Mali, Burkina Faso, and Niger, and supported a firm ECOWAS stance that included sanctions, border closures, and threats of military intervention, particularly in the case of Niger after the July 2023 coup. President Bola Tinubu, as ECOWAS Chair, emphasized the bloc's zero-tolerance policy for unconstitutional changes of government and advocated for swift restoration of civilian rule. West African trade on the front burner The minister also addressed concerns about the continuity of trade and cooperation beyond ECOWAS membership, citing ongoing bilateral projects such as the Nigeria-Niger Joint Commission, which continues to advance development initiatives between the two countries. Prior to their withdrawal in early 2024, these countries benefited from ECOWAS protocols on free movement of goods and people, which had significantly facilitated intra-regional trade. Their departure, and the subsequent deterioration in relations with ECOWAS, disrupted these frameworks. As a result, trade corridors through Niger and Burkina Faso, particularly those serving landlocked neighbors, have faced new restrictions, delays, and uncertainty. ' Trade does not stop because of membership status. For instance, Nigeria and Niger continue to cooperate actively through joint commissions and development projects, even beyond ECOWAS structures. 'Similarly, business activities, cross-border trade, and infrastructure collaborations with Burkina Faso and Mali remain ongoing, ' Tuggar noted.
