Leaders of Benin Republic, Côte d’Ivoire, Ghana, Nigeria and Togo have signed a treaty formally establishing the ECOWAS Abidjan-Lagos corridor.
The corridor, which aids trans-border trade between the five West Africa nations will account for 70 per cent of commercial traffic within the ECOWAS region.
This is contained in a statement issued on Wednesday in Abuja by Mr Sunny Ugoh, the Acting Director of Communication at the ECOWAS Commission.
Leaders of Benin Republic, Côte d’Ivoire, Ghana, Nigeria and Togo have signed a treaty formally establishing the ECOWAS Abidjan-Lagos corridor.
The corridor, which aids trans-border trade between the five West Africa nations will account for 70 per cent of commercial traffic within the ECOWAS region.
This is contained in a statement issued on Wednesday in Abuja by Mr Sunny Ugoh, the Acting Director of Communication at the ECOWAS Commission.
The treaty was signed at the just-concluded 44th Summit of ECOWAS Heads of State and Government in Yamoussoukro, Côte d’Ivoire.
It said the treaty required the five countries to construct and manage the six-lane highway, and establish a corridor management authority with a supra-national status.
It said the project was expected to facilitate safe and efficient movement of persons and goods in the region.
It said the highway would also facilitate economic growth in the countries involved and the region as a whole.
The statement said that the five countries had already pledged to contribute $50m for preparatory activities on the project which has attracted significant donor interest.
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