Commerce WASSCE (SC), 2021

Question 7

 

  1. What is an economic grouping?
  2. State three objectives of each of the following organizations:
    1. Lake Chad Basin Commission;
    2. ECOWAS;
    3. Niger Basin Commission.

 

Observation

Most candidates who attempted this question the performed brilliantly.
 
The expected responses are.

            (a)        An economic grouping is the coming together of different countries with common                                economic interest and goals to promote economic cooperation and development among member states.

            (b)       

(i)         Objectives of the Lake Chad Basin Commission
1      To regulate the exploitation of the water resources of the Lake Chad.
2      To survey the Lake Chad water resources.
3      To harness and develop the water resources for electricity, crop, livestock and fish production.
4      To enhance the development of irrigation systems for agricultural purposes.
5      To put control measures to deter pollution of the lake.
6      To ensure economic cooperation and development among member states.
7      To promote regional integration and security.
8      To preserve the ecosystem of the Lake Chad.
                       
(ii)        Objectives of ECOWAS
1      To promote co-operation and development in all fields of economic activity.
2      To raise the standard of living of the people.
3      To increase and maintain economic stability in the sub-region.
4      To have regional economic co-operation.
5      To abolish obstacles to the free movement of persons, goods and services between member states.
6      To harmonise monetary policies as required for the proper functioning of the community.
7      To maintain political stability in case of crisis.
8      To help promote international unity.
9      To develop infrastructural schemes among member states  

 

(iii)       Objectives of the Niger Basin Commission
1      To assist in the exploitation of the resources of the River Niger as well as its tributaries and sub-tributaries.
2      To liaise with member countries in order to gather and disseminate information about the River Niger.
3      To consider plans and suggestions emanating from member states and make recommendations to members.
4      To undertake surveys on how navigable the River Niger is.
5      To streamline the construction of dams on the River Niger.
6      To control flood and erosion on the River Niger.