Politics
By Anthony Isibor
THE Centre for the Promotion of Private Enterprise, CPPE, has urged ECOWAS to carefully consider all the implications of using military option in restoring democracy in Niger before any action because of its huge negative implications.
The centre said that although the decision to use force to pressure military junta in Niger to restore constitutional democracy in that country is a welcome development, it must first take into account the wider social, economic, welfare and security implications for the countries of the sub region and their citizens.
According to the centre, there are far reaching macroeconomic, trade and security and geopolitical ramifications, which should be carefully considered.
A statement signed by Muda Yusuf, Director/CEO of the centre, stated that the risk of high collateral damage is also very high.
“This is a defining moment for ECOWAS, which calls for rigorous thinking, robust consultation, sound diplomatic judgment, a deep sense of history and an exhaustive evaluation of the many ramifications. It is also critical for ECOWAS to consider the geopolitical dimensions of the unfolding developments in the sub region,” it noted
According to the statement, President Bola Tinubu, being the current chairman of ECOWAS is saddled with enormous leadership responsibility at this crucial time in the region’s history.
It stated that some of the implications of military option in restoring democracy in Niger are:
TRADE IMPLICATIONS
It said that the promotion of economic integration among member states, which is one of the key mandates of ECOWAS would surely be affected negatively with a military action.
“It would perpetuate fragmentation of the region and trade within the region will be severely impacted. This has grave consequences for the economies of the economies of member states and the welfare of the citizens.
“Already the recent border closure is beginning to adversely impact on traders on both sides of the divide. The truth is that sanctions are typically double-edged sword which is why it needs to be cautiously and strategically applied.
SECURITY IMPLICATION
It explained that the fragile security situation in the sub region may further deteriorate in the event of a military assault on Niger. Current acts of terrorism in the region require concerted efforts by ECOWAS countries to tackle them.
According to the center, Nigeria needs the cooperation of its neighbours to effectively confront terrorism in the country.
“A fragmented region cannot present an effective front to deal with the growing challenge of insecurity in the region. The countries in the region may become more vulnerable in the event of intra-regional conflict and fragmentation.
“It is instructive that the Sahel is rapidly becoming a theatre of geopolitical competition between Russia and the West. The Sahel is currently the hotbed of global terrorism. It is not in Nigeria’s interest to get deeply involved in the military adventures in the zone, with Mali, Burkina Faso, and Niger being major theatres of their operations. This could further complicate matters for the entire sub region. Nigeria should avoid getting entangled in these geopolitical dynamics.
COST IMPLICATIONS
It also called on ECOWAS to consider the financial cost of a military campaign which it said, could be quite staggering and unpredictable.
“There are valuable lessons to learn from the Nigeria’s military operations in Liberia and Sierra Leone over two decades ago. Nigeria was the arrow head of the then Economic Community of West African States Monitoring Group, ECOMOG, the intervention force at the time.
“We lost over 500 soldiers during the Liberia war with hundreds sustaining various degrees of injuries. The war became protracted, lasting for about 7 years, [1990 to 1998]. At the peak of the war, there were 16,000 ECOMOG troops in Liberia, 80% of them were Nigerian troops. The cost to Nigeria of the Liberia war was an estimated $8 billion.
“Shortly after the Liberia military operation, Nigeria led another military intervention in Sierra Leone to restore democracy in that country following the coup that toppled the then democratically elected President, Tejan Kabbah.
“The story of Nigeria’s military campaign in Sierra Leone was not different. Nigeria spent over $4 billion and lost about 700 soldiers. The war lasted about five years from 1998 to 2002.
“The lesson here is that the cost of military interventions can be very prohibitive. Similar military operation at this time may cost considerably higher, given the inflationary trend over the past 25 years. At the very minimum it would cost Nigeria a minimum of $2 billion annually to prosecute a military operation in Niger, taking into account the prevailing geopolitical dynamics in the Sahel. It will be difficult to accommodate such huge financial commitment at this time without putting a serious strain on our fiscal operations and foreign reserves.
“The loss of lives was also a tragic outcome of the war. At the end, there was no concrete benefit for Nigeria for expending so much of its financial and human resources. Of course, we were consoled by the perception of Nigeria in the comity of nations as the ‘giant’ of Africa.
ECONOMIC IMPLICATIONS OF A MILITARY OPTION IN NIGER
It noted that Nigeria’s current balance of payment position is weak and may not be able to support any major military engagement outside our shores.
“Our external sector is fragile, posing a profound challenge of currency volatility. The worsening of the external sector would adversely impact investors’ confidence, weaken growth prospects and decelerate the pace of economic recovery.
“In a war situation, there are inherent risks of destruction of assets, damage to infrastructures, disruption of the livelihoods of innocent citizens, softening of investors’ confidence, deceleration of investment growth, aggravation of country risk and the dampening of GDP growth prospects,” it added.
A.
– Aug. 09, 2023 @ 12:25 GMT |
Tags: Anthony Isibor CPPE ECOWAS Muda Yusuf President Bola Tinubu
