Which of the following statement is TRUE about ECOWAS?

Economics

JAMB 2017

A. The aim of ECOWAS is to ensure economic stability
B. Bigger state in the community dominate the small state
C. Members of the ECOWAS community can form cartel and create monopolies
D. English is the only official language of ECOWAS

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Correct Answer: Option A

Explanation

The Economic Community of West African States (ECOWAS) is a regional organization of 15 West African countries established on 28 May 1975. Its main goal is the promotion of the economic integration among its members. Indeed, ECOWAS is one the five regional pillars of the African Economic Community (AEC).

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