The Economic Community of West African States Commission (ECOWAS) has said that West Africa risks losing projects valued at $500 million if sanctions on Mali, Niger and Burkina Faso were not suspended.
This was contained in a statement by the regional bloc following the suspension of the sanctions on the three West African countries as a result of the military takeover of their government.
According to ECOWAS, dialogue and negotiations should be the most viable options for addressing the ongoing tensions in the region.
The authority of ECOWAS also highlighted that the withdrawal of the junta-led West African countries could pose a huge security threat in the region, leading to an influx in terrorist activities.
ECOWAS emphasized that violent extremism and organised crime could take over the region if the countries decide to leave the regional bloc.
Earlier, the Economic Community of West African States (ECOWAS) resolved to lift some sanctions on Niger Republic, Mali and Guinea.
