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West African leaders were welcomed by President Bola Tinubu on Sunday at the 67th Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS), which took place in the State House Banquet Hall in Abuja.
The high-level meeting concludes President Tinubu’s second tenure as Chairman of the ECOWAS Authority, a position he was re-elected to on July 7, 2024, after first taking office on July 9, 2023. It takes place six months after the last session in December 2024.
With the regional bloc still in shock over the departures of Mali, Burkina Faso, and the Niger Republic, whose military juntas declared their intention to leave ECOWAS earlier this year, the 67th Ordinary Session was called at a crucial moment.
The bloc’s internal issues, rising insecurity, democratic regression, and the necessity of greater economic integration among member states are anticipated to be discussed at the summit.
Speaking earlier Saturday at the first-ever West Africa Economic Summit (WAES), held at the recently opened Bola Ahmed Tinubu International Conference Centre, the president of Nigeria demanded a change in the way the area handles its mineral resources.
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“The period of warm pit to the port must come to an end,” Tinubu stated. Our mineral wealth needs to be converted into industry, jobs, technology, and domestic economic value.
He emphasized the necessity of regional manufacturing and value addition, pointing out that the region’s potential for sustainable growth is only constrained by the current raw material export market.
Additionally, the president voiced concern about the low intraregional trade among ECOWAS member states, which is currently less than 10%.
Transformation is not always ensured by opportunity alone. He cautioned, “The world economy will not wait for West Africa to get its act together—and neither should we.
In order to realize its full economic potential, Tinubu stated that the region has to give priority to infrastructure investment, regional supply chains, and policy cooperation.
Tinubu emphasized the young of West Africa as its greatest asset and cautioned that the demography could become a burden if significant investments are not made in entrepreneurship, education, and technology.
“Data frameworks, energy networks, and regional supply chains are essential to our development. They will fall apart if we don’t create them jointly,” he warned.
In order to transform regional blueprints into tangible change, President Tinubu asked ECOWAS leaders to deliver “concrete deals” rather than just pronouncements.
“From the Lagos to Abidjan highway and the West African Power Pool to creative industry initiatives, our collaborative projects demonstrate what is achievable when we collaborate,” he said.
“However, we need to go from statements to actual agreements — from frameworks for policies to real-world application.”
