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ECONOMICS OBJ
1-10:BDBABBDDAB
11-20:DBBAADBBAB
21-30:DCBBADACBA
31-40:CDCCDCAABC
41-50:BBCDBCDBAA

*(Number 5)*

*(5a)*
(i)To provide long-run capital to member countries for economic reconstruction and development.

(ii)To provide guarantee for loans granted to small and large units and other projects of member countries.

(iii)To ensure the implementation of development projects so as to bring about a smooth transference from a war-time to peace economy.

(iv)To induce long-run capital investment for assuring Balance of Payments (BoP) equilibrium and balanced development of international trade.

*(5b)*
(i)Electricity Transmission and infrastructure:-World Bank Approves $486 Million to Improve Nigeria Electricity Transmission Network and Infrastructure in February 2018

(ii)Loan and Credit:-The World Bank is helping to fight poverty and improve living standards for the people of Nigeria with more than 130 IBRD loans and IDA credits since 1958.

*(5c)*
*(Pick four)*
(i)Language barriers:-official languages of member countries are foreign and varied:English, French, Portuguese, thus complicating the communication problem

(ii)Colonial masters:-The political economics of members-states are tied to those of their respective former colonial matters

(iii)Common currency problem:-Foreign currencies like Franc,pound,sterling and dollar determine the stability of currency of member – states and there is no common currency for member- states

(iv)Political instability:-Frequent change of leadership in member countries is another problem of ECOWAS

(v)Global economic recession:-This complicates efforts of the economy and it’s members

(vi)Different level of economic development:-This impedes movement towards harmonising the different economics of member states

(vii)Similarity of products:-The similarity of products of member state makes trade among ECOWAS states difficult and unprofitable

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