ECOWAS boosts MSMEs for regional growth

The Economic Community of West African States has reaffirmed its commitment to empowering micro, small, and medium-sized enterprises as key drivers of regional economic growth and development.
Massandjé Toure-Litse, ECOWAS’ commissioner for economic affairs and agriculture, stated this during a meeting of the ECOWAS Small-Scale Business Coalition in Praia, Cape Verde, on Monday.
Ms Toure-Litse urged member states to collaborate in shaping actionable strategies for integration, competitiveness, and innovation.
She also encouraged them to harness the African Continental Free Trade Area to boost industrialisation, strengthen trade frameworks, and attract investments that turn challenges into opportunities.
According to her, the coalition is a beacon of hope and well-positioned to create jobs, empower women and youth, and enhance economic cooperation among member states.
Ms Toure-Litse described the formation of ESBC as a milestone that underscores the coalition’s determination to drive economic growth, innovation, and empowerment across the subregion.
She noted that ESBC had established a thriving ecosystem that supports businesses and communities, highlighting the coalition’s progress and inspiring achievements.
Abdulrashid Yerima, ESBC president, said the event’s theme was not just a slogan but a clarion call to action for economic transformation.
He said AfCFTA and the ECOWAS Trade Liberalisation Scheme were gateways to unlocking opportunities for millions of women-led businesses.
Mr Yerima stressed that investing in women’s access to finance, digital tools, and cross-border markets is essential for fostering sustainable growth that benefits entire communities.
He described the event as a tribute to the resilience of women in West Africa and beyond, whose leadership and innovation are shaping a future of shared prosperity.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Trader arraigned for allegedly stealing property worth N425, 000
The prosecutor said that the offence contravened the provisions of Section 289 of the Penal Code.

Lagos
EXCLUSIVE: Obasa fights Moji Meranda to return N5 billion withdrawn from Lagos Assembly bank account days after she became speaker
Mr Obasa was re-elected as speaker on March 3 on Mr Tinubu’s order after his impeachment on January 13.

States
Nasarawa assembly warns contractors handling school projects against shoddy work
Mr Bala promised that the assembly would ensure that the contractors adhered strictly to their contract specifications.

World
Russia reclaims over 12 settlements in Kursk Region
The Russian defence ministry made the disclosure on Tuesday.

Politics
LP raises three-man peace committee to meet aggrieved members in National Assembly
Mr Abure inaugurated the committee on Monday at the party’s national headquarters in Abuja.

States
Enugu government to arrest illegal task force on revenue collection
The Enugu government has vowed to investigate and arrest individuals engaged in an illegal task force collecting revenue from scavengers in the state.