Western Africa states which are represented by Economic Community of West African States (ECOWAS), a commission comprised of countries of 15 States with an equivalent of 300 million people. These numbers account for 4.5% of the world's population and just 0.5% of the world Gross Domestic Product (GDP). With an anticipated annual economic growth averaging approximately 5%, ECOWAS is now exploring the opportunity to create a single currency for ECOWAS member's states mirroring the Euro for European countries.

Before talking about a single currency or economic association between the states members, we need to examine the current political structure that allows a single faction to confiscate power for twenty years or more. The political instability of these member states have depleted human rights and instituted a totalitarian regime. This regime is largely based and support by the now prominent election policies. I say now prominent but it has been a long standing practice for one party to the election to exercise unpropitious acts like intimidation, threats and even death to win a given election. Can these countries ever abide by legitimate election worthy to be adulated by the international community?

Do these countries receive sanctioned economic aid from the world community that is visible in the states operating budget? The question is asked because we ponder the division of the country's leaders agenda is it personal or geared to support the general populous? The thoughts and questions we ask are deafening to a community. To think these occurrences are widespread and normal serve to steal ones spirit. People of these countries are defeated and are subjugated to indentured servitude. Vote confiscation creates political instability and its success is currently responsible for a two to three percent misappropriation of the country's resources. This 2 to 3% is further evident pertained to wealth and poverty; the disparity between the haves and the have-nots. These countries often live with 97% poverty with no access to health care or hospitals, vibrant schools systems or school at all, clean water and other basic necessities afforded to inhabitants of developed countries.

One ECOWAS member country received financial assistance from a developed country to improve the country's health care system. The improvement was intended to benefit the country's own people. Much to the chagrin of the developed country a few days after receiving the funds, the member country invested 1/3 of the financial assistance with another western with inferior stability to the originating country; which happens to be a Western African country.

The second point focuses on Nigeria and the management of the country's resources. Nigeria, one of the richest countries in Africa with an abundance of natural resources once exported food to neighboring African countries, Asia and the Occident. The export of natural resources which is very important in Nigeria with agriculture accounting for 90% allowed the country's nationals to eat at least three meals daily. In 1974, Nigerian currency; the Naira was a stronger currency than the United States' dollar.

Oil was discovered in 1956, by 1974 oil revenues constituted over 80 percent of total government revenues and over 90 percent of export earnings, the country's leaders were ecstatic. As the country entered the realm of an international juggernaut commodity it began to move budgets and other resources away from Agriculture and infrastructural stability's to the unknown of oil exports. Eventually, Nigeria began to import food and other necessities by leveraging oil and future oil revenues which served the purpose of budget balancing versus budget surplus.

The oil revenues were not well distributed which has led to real socio economic problems. Oil and chemical processing locations positioned next to the villages, cities, schools, hospitals and farmer lands badly affect social conditions causing deterioration everywhere. Further, this situation has created upheaval within the country, particularly among women, seniors, children and others who die almost every day with no recourse due to these socio economic problems and the terrorist organization Boko Haram.

It seems that the North of Nigeria is going to become a cessation country. The faction causing destruction arguably has the support of outside interests who may provide military arms and funds to continue its stronghold. If we follow the change of custody of even the arms procurement we may trace impropriety to the customers and even the manufacturers; then we have a solid footing to bellow this societal destruction to the world and various global oversight groups.

These few things mentioned above demonstrate how West Africa needs to commit to improve and consolidate political powers among the member states. Once this occurs, further commit to developing an eco-industrial plan to make the region grow from 0.5% of the world GDP to 10% which based on our research is possible.

CONCLUSION:

The idea of a united West Africa comes into existence through activities that will promote its political, economic, social and even technological integration. The process of this integration however, is not always something easily achieved. The single West Africa currency as a measure to further political integration has proved to be beneficial when good cooperation between member states exists in circumstances where member states do not meet these criteria, the single West Africa currency can prove to be damaging not only for the 'failed' state but also for the other member states due to their heavy dependence on each other.

FOR MORE INFORMATION ABOUT DR. MEHENOU AMOUZOU PLEASE SEE HIS PREVIOUS ARTICLES:

* "The Global Banking Financial Crisis's and Its Impact on Developing Nations:
Case Study Africa"

• "The Economic Decline of the USA Empire: The Airplane without the Pilot"

• "The Perspective on Global Economic and Financial Status for 2013 and its
impact on the future of the global economy?"

• "Could the World and the European Financial Systems Survive This World
War III Financial crisis or it is the end of the Western Civilizations?"

• "Corruption and Development in the Developing Countries"

• "The World Financial Honey Moon is over: Debt Crisis Continues to Wage
War on Economy Policy"

• "European Central Bank's Outright Monetary Transactions (OMT): The
Bazooka Approach"

CONTRIBUTIONS:

Contribution to this article and the aforementioned series was made by Byron K. Belser. Mr. Belser assists Dr. Amouzou; he holds a Masters of Arts degree in Development Economics & a Law degree.

Raymond Bernhard West from West International Petroleum LLC & Fundacion Paraiso Sin Fronteras

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