(a) What is an economic grouping? (b) State three objectives of each of the following organizations I) Lake Chad Basin Commission ii) ECOWAS Iii) Niger Basi...

Answer Details

(a) An economic grouping is an alliance or organization of countries that work together to enhance their economic cooperation and development. It involves collaboration on trade, investment, and other economic issues that impact member countries.

(b)

1. Lake Chad Basin Commission:

   • Promote sustainable development and management of the natural resources in the Lake Chad Basin region.
   • Promote cooperation and integration among member countries in the areas of water resources, agriculture, livestock, fisheries, and forestry.
   • Contribute to the improvement of the living conditions of the population in the Lake Chad Basin region through the development of infrastructure, poverty reduction, and environmental protection.

2. ECOWAS:

   • Promote economic integration and development among member states through the establishment of a free trade area, customs union, and common market.
   • Foster regional peace, security, and stability through conflict prevention, management, and resolution.
   • Promote cooperation among member states in the areas of infrastructure development, energy, agriculture, education, and health.

3. Niger Basin Commission:

   • Promote sustainable management and development of water resources in the Niger Basin region.
   • Foster cooperation among member states in the areas of agriculture, fisheries, energy, transportation, and communication.
   • Promote environmental protection, poverty reduction, and socio-economic development in the Niger Basin region.