Trade, Innovation Key to West Africa’s Economic Future — ECOWAS Parliament

March 6, 2026

3 minutes read

The ECOWAS Parliament has said trade and innovation will play a decisive role in shaping West Africa’s economic future, urging businesses and citizens across the region to take advantage of integration policies designed to boost cross-border commerce.

The call was made on Thursday in Abuja during the launch of the ECOWAS Parliament @25 year-long commemorative programme, organised in partnership with Duchess Naturals Limited, CMD Tourism & Trade Enterprise and Borderless Trade & Investment.

Regional policies must benefit citizens

Speaking at the event, Director of Parliamentary Affairs and Research at the ECOWAS Parliament, Kabeer Garba, who represented the Speaker, Mémounatou Ibrahima, said regional economic policies must translate into real improvements in livelihoods across member states.

Ibrahima noted that the Parliament was established to ensure West Africans benefit directly from regional frameworks such as the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme and the bloc’s free movement protocol.

“The Parliament represents the people of the West African region. Our greatest strength as an ECOWAS institution is that we provide a voice for the people,” she said.

However, she noted that limited awareness among traders and citizens remains one of the biggest obstacles to deeper regional integration.

According to her, the trade liberalisation framework allows businesses to move goods across borders and establish operations in other ECOWAS countries, but many entrepreneurs are yet to fully utilise the opportunity.

“The idea is that the Parliament should conscientise the people and carry them along so they can take maximum advantage of these programmes,” she added.

Private sector partnership

Chief Executive Officer of Duchess Naturals Limited, Victoria Akai, said the private sector was partnering with the ECOWAS Parliament to translate regional policies into practical economic opportunities.

She explained that the anniversary programme would focus on trade, entrepreneurship and innovation, bringing together policymakers, businesses, innovators and young people from across West Africa.

Key activities planned include the ECOWAS Smart Challenge, regional trade forums and community outreach programmes aimed at strengthening economic collaboration.

“For us in the private sector, ECOWAS at 25 represents more than a celebration. It is an opportunity to strengthen partnerships that translate regional policy into real economic opportunity,” Akai said.

Regional trade dialogues across West Africa

Managing Partner of Borderless Trade & Investment, Olori Boye-Ajayi, said the programme would serve as a platform to deepen collaboration among policymakers, entrepreneurs, youth and civil society groups.

She revealed that business-to-business forums and policy dialogues will be held in major cities including Abidjan, Yamoussoukro, Accra, Lomé, Freetown, Abuja and Lagos.

The initiative will involve stakeholders from several ECOWAS countries, including Nigeria, Ghana, Côte d’Ivoire, Senegal, Cabo Verde, Togo and Sierra Leone.

Financial sector support

Head of Global Trade and Structured Finance at Providus Bank, Biodun Ariyo, said financial institutions also have a crucial role to play in facilitating cross-border trade and investment.

According to him, banks are working with regional institutions to expand trade financing and simplify cross-border transactions for businesses.

“If there is no exchange of goods, services and ideas, there will be no need for trade,” Ariyo said, adding that networking platforms are essential to regional commerce.

ECOWAS Parliament at 25

The ECOWAS Parliament was established following the signing of the protocol creating it on August 6, 1994, to give citizens a voice in the region’s integration process.

Its first legislature was inaugurated on November 16, 2000, in Bamako, the capital of Mali.

Organisers said the year-long anniversary activities will culminate in a closing ceremony scheduled for November 2026 in Abuja, marking 25 years of the regional legislative body and its role in promoting economic integration across West Africa.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Global Energy Shock: How Iran’s ‘Tollbooth’ Strategy Is Reshaping the Strait of Hormuz

Iran has tightened its grip on the strategic Strait of Hormuz, introducing a controversial system ...

Senegal Vows Legal Battle After CAF Strips AFCON Title, Hands Victory to Morocco

Senegal has vowed to challenge a controversial ruling by the Confederation of African Football (CAF) ...

Money Laundering Threatens Economic Stability in West Africa — Fagbemi Warns

Nigeria’s Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has raised alarm over ...

Namibia Rejects Starlink Licence, Deepening Southern Africa Setback

Starlink, the satellite internet venture backed by Elon Musk, has suffered another setback in southern ...

Features

Namibia Rejects Starlink Licence, Deepening Southern Africa Setback

Starlink, the satellite internet venture backed by Elon Musk, has suffered another setback in southern ...

ECOWAS, African Union Deepen Partnership on Infrastructure, Regional Integration

The President of the Economic Community of West African States (ECOWAS) Commission, Omar Alieu Touray, ...

Fayemi Pushes for Fairer Africa-West Deals, Urges Industrialisation and Tech Transfer

Former Ekiti State governor, Kayode Fayemi, has called for a major reset in Africa’s economic ...

ECOWAS Moves to Establish Regional Open Data Framework to Strengthen Digital Governance

The Economic Community of West African States (ECOWAS) has taken a major step toward improving ...

Youth in Oil-Rich Congo Struggle With Poverty, Seek Economic Change

  Despite being one of Africa’s major oil producers, the Republic of the Congo continues ...

World Bank Approves $137m Programme to Expand Broadband, Digital Jobs in West Africa

The World Bank Group has approved a $137 million regional programme aimed at expanding broadband ...

Death Toll Rises to 64 as Landslides, Floods Devastate Southern Ethiopia

At least 64 people have been confirmed dead while dozens remain missing after devastating landslides ...

Middle East Crisis Threatens Shipping Routes to Nigeria, Raises Inflation Concerns

Stakeholders in Nigeria’s maritime sector have warned that the escalating crisis in the Middle East ...

Latest News

Today in History

Nearly 80% of all animals on earth have six legs.

Exchange Rate Per Dollar

AM Armenian Dram376.7516
GH Ghana Cedi10.942
GM Gambian Dalasi73.8361
GN Guinea Franc8,767.42
NG Nigerian Naira₦1,383.82
CF CFA Franc BEAC569.1382
27 Mar · CurrencyRate · USD
CurrencyRate.Today
Check: 27 Mar 2026 09:45 UTC
Latest change: 27 Mar 2026 09:38 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?