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rial center of Africa. The establishment of an economic community in the region was perceived as the political-economic restructuring needed to redress the problems of regional under development. It was realized that regional free trade among developing countries could be a healthy stimulus to balanced economic growth and development. [3]

 

Nigeria as an active participant in the formation of ECOWAS has committed tremendous human and material resources, not only for her membership, but also to nurture and sustain the organization. [4] It contributes about a third of the annual budget of the sixteen member organization. Apart from housing the secretariat of the community and putting many infrastructural facilities at the disposal of ECOWAS, Nigeria has further underlined this commitment through various forms of bilateral assistance to member states. For example, she had sugar factory and cement plant joint ventures in Benin, and iron mining joint venture with Guinea. [5]

 

Over the years, Nigeria has also emphasized and assisted in the creation of the community’s structures. She believes in the building of a strong regional institution as a pre requisite for the establishment of meaningful regional integration. Its annual contribution, thirty two percent of the community’s budget is paid regularly in order to ensure the effective operation of the community’s activities. Further financial assistance has also usually been extended to the secretariat located in Abuja, Nigeria in times of financial crisis. [6] For example in 1980, Nigeria had to salvage the image of ECOWAS by underwriting the eighty million Naira cumulative rent arrears of its secretariat. [7]

 

1.2 PURPOSE OF STUDY

This study aims at highlighting the role played by Nigeria in the formation of ECOWAS and the various steps that have been taken by Nigeria to ensure that the community does not fail.

 

This work would also dwell a little on the factors that motivate the role Nigeria plays in ECOWAS.

 

1.3 SIGNIFICANCE OF STUDY

This work would help students who are in this field of study and other related courses, to understand and learn more about the role Nigeria plays in ECOWAS and her reasons for assuming such role. It would also be useful to businessmen and women, financial institutions, aspiring politicians and other interested members of the public. It would help them understand the stand Nigeria takes when it comes to matters relating to ECOWAS.

 

1.4 LITERATURE REVIEW

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