RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

ECOWAS Leadership Transition: Tinubu Passes Baton to Bio, Urges Swift Action on Regional Security

Victoria Attah by Victoria Attah
June 23, 2025
in Economy
Reading Time: 3 mins read
A A
0
Bola Tinubu’s proposed economic plans for Nigeria.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

On Sunday, Nigerian President Bola Tinubu concluded his tenure as Chairperson of the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, handing over leadership to Sierra Leone’s President Julius Maada Bio during the 67th Ordinary Session held at Aso Rock Villa in Abuja.

Tinubu, who has led the regional bloc since July 2023, expressed gratitude for the opportunity to serve, stating, “Leading this organization has been a profound honor. I am humbled by your trust and support as I pass the leadership to my esteemed colleague, President Julius Bio of Sierra Leone.” Reflecting on his two-year term, Tinubu highlighted key achievements while emphasizing the urgent need to address ongoing security challenges in West Africa.

AlsoRead

CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester

ETF Turnover Drops to N3.67 Billion in May Despite Widespread Price Gains

CBN Releases New Foreign Exchange Manual, Grants Easier Access to Domiciliary Accounts

Call for Rapid Deployment of ECOWAS Standby Force

A central theme of Tinubu’s address was the delayed activation of the ECOWAS Standby Force, a regional security initiative aimed at combating terrorism and transnational crime. First proposed by Tinubu in April 2024 during a high-level counter-terrorism meeting in Abuja, the force is intended to work alongside a Regional Counter-Terrorism Centre to enhance intelligence sharing and operational coordination across Africa.

Expressing frustration at the slow progress, Tinubu remarked, “The activation of the ECOWAS Standby Force is lagging behind our expectations. We must transition from planning to action to confront the growing threats in our region.” He underscored the interconnected nature of challenges like terrorism, illegal mining, and ransom-taking, which are fueled by poverty and inequality.

Tinubu noted that ECOWAS had explored funding options for the $2.6 billion initiative, with member states reaffirming their commitment in August 2024. However, escalating insecurity, particularly in the Sahel, has heightened the urgency to operationalize the force.

Milestones and Diplomatic Efforts

During his chairmanship, Tinubu oversaw significant strides, including the completion of the ECOWAS Military Logistics Depot in Lungi, Sierra Leone. The depot is expected to bolster logistical support for ECOWAS-deployed forces, with Nigeria committing to sea- and air-lift arrangements following an agreement signed with the African Union in February 2025.

Tinubu also pursued diplomatic efforts to reintegrate Burkina Faso, Mali, and Niger into ECOWAS, expressing optimism about their eventual return. “Through persistent dialogue, I remain hopeful that our brothers will rejoin our community soon,” he said.

On the economic front, Tinubu called for stronger regional cooperation to boost intra-regional trade, which remains low despite West Africa’s economic potential. He advocated for removing trade barriers, empowering the private sector, and advancing infrastructure projects like the West African Gas Pipeline and the Abidjan–Lagos Corridor Highway.

Bio Assumes Leadership Amid Regional Challenges

Following the handover, President Bio praised Tinubu’s leadership, noting that he had laid a “robust foundation for dialogue, economic progress, and peacebuilding.” Bio acknowledged the complex challenges facing West Africa, including terrorism, illicit arms trafficking, and political instability, particularly in the Sahel and coastal states.

“The region is at a critical juncture,” Bio said. “Our citizens, especially the youth, are demanding accountability, transparency, and equitable opportunities. We must respond to these calls while strengthening our democratic institutions.”

Bio’s presidency comes at a time when ECOWAS faces strained democratic spaces in some member states, with constitutional disruptions posing additional hurdles. He pledged to build on Tinubu’s legacy while addressing these pressing issues.

Looking Ahead

As ECOWAS navigates a turbulent period, the transition to Bio’s leadership signals a renewed focus on collective action. Tinubu’s parting message emphasized unity, stating, “No single nation can tackle these transnational threats alone. We must prioritize coordination and political resolve to secure our region.”

The 67th Ordinary Session concluded with a commitment to accelerate the operationalization of the Standby Force and advance economic integration, setting the stage for Bio to steer ECOWAS toward greater stability and prosperity.

Tags: Tinubu
Previous Post

POS Transactions Surge to N223 Trillion as ATM Usage Declines in Nigeria

Next Post

MRS Adjusts Dangote Petrol Prices to N925 in Lagos, Higher in Other Regions

Related News

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester

by Jide Omodele
June 5, 2026
0

The Central Bank of Nigeria (CBN) has significantly increased the amount of foreign exchange Nigerian students can remit for tuition...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

ETF Turnover Drops to N3.67 Billion in May Despite Widespread Price Gains

by Jide Omodele
June 4, 2026
0

Exchange Traded Funds (ETFs) on the Nigerian Exchange (NGX) saw a marginal decline in trading activity during May 2026, with...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Releases New Foreign Exchange Manual, Grants Easier Access to Domiciliary Accounts

by Jide Omodele
June 4, 2026
0

The Central Bank of Nigeria (CBN) has introduced major reforms to its foreign exchange regulations with the launch of the...

Nigeria’s Public Debt Hits N46.25trn In Q4 2022 – NBS

Petrol Price Rises Sharply to ₦1,532.93 per Litre in April – NBS

by Akpan Edidong
June 2, 2026
0

The average retail price of Premium Motor Spirit (petrol) in Nigeria increased significantly to ₦1,532.93 per litre in April 2026,...

Next Post
Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

MRS Adjusts Dangote Petrol Prices to N925 in Lagos, Higher in Other Regions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Debt Repayments Overshoot 2025 Budget Allocation by N1.9 Trillion

June 5, 2026
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market

June 5, 2026

Popular Story

  • Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

    Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market

    0 shares
    Share 0 Tweet 0
  • CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester

    0 shares
    Share 0 Tweet 0
  • Dangote revives Peugeot in Nigeria as auto assembly restarts in Kaduna

    0 shares
    Share 0 Tweet 0
  • FG Debt Repayments Overshoot 2025 Budget Allocation by N1.9 Trillion

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>