JAMB 2022 Government · Question 17

The ECOWAS Bank for Investment and Development (EBID) has its headquarters in

Options

  1. A.Abuja
  2. B.Abidjan
  3. C.Lome
  4. D.Dakar

Answer: C. Lome

Explanation written with AI and checked against the answer key

Analyze the question: The question asks where the headquarters of EBID (the ECOWAS Bank for Investment and Development) is located.

Explain the concept: EBID is the financial arm of ECOWAS (Economic Community of West African States). It was formerly known as the ECOWAS Fund for Cooperation, Compensation and Development, and it was restructured and renamed EBID in 2001. Its job is to finance development projects in member states, such as infrastructure, energy, and telecommunications.

Step-by-step solution:

  1. Identify the institution. EBID is a financial institution of ECOWAS, not the ECOWAS Commission itself.
  2. Recall the locations of the ECOWAS institutions: • ECOWAS Commission (Secretariat): Abuja, Nigeria • ECOWAS Parliament: Abuja, Nigeria • ECOWAS Court of Justice: Abuja, Nigeria • EBID: Lomé, Togo • West African Health Organisation (WAHO): Bobo-Dioulasso, Burkina Faso
  3. Check the options: • A. Abuja is the seat of the ECOWAS Commission, not EBID. • B. Abidjan is the capital of Côte d'Ivoire and hosts the African Development Bank's temporary location, but not EBID. • C. Lomé is the capital of Togo, and EBID is headquartered there. • D. Dakar is in Senegal and is not the EBID headquarters.

Answer: The correct option is C. Lome.

Exam tip: Remember that "EBID" is in "LoMé", and that the bank is in Togo while the political bodies are in Abuja. In JAMB Government, questions about ECOWAS institutions often test this difference, so memorize the headquarters of each organ.

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