Government JAMB

In 1991; the African Economic Community Treaty was signed in?

A. Addis Ababa
B. Abuja
C. Lome
D. Tripoli

Correct Answer:

Option B – Abuja

Explanation

The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency

In 1980, the OAU Extraordinary Summit adopted the Lagos Plan of Action as a major step towards the goal of integration.

The commitments in this Plan and the Final Act of Lagos were translated into concrete form in Abuja, Nigeria in June 1991 when the OAU Heads of State and Government signed the Treaty establishing the African Economic Community (AEC) during the 27th Ordinary Session of the Assembly

Sunday

Share
Published by
Sunday
Tags: government

Recent Posts

Annuity Contracts and Micro Pension Schemes in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

9 hours ago

INS 312 Theory Questions: RSA Withdrawal Conditions and Group Life Assurance Coverage in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

10 hours ago

INS 312 Theory Questions: Pension Reforms in Nigeria: Addressing Old Scheme Challenges and Regulatory Needs

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

10 hours ago

INS 312 Theory Questions: Pension Plans: Occupational vs Personal & Contributory Pension Analysis

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

10 hours ago

INS 312 Theory Questions: Social Insurance vs Private Insurance, ECA Objectives & Nigeria’s Pension Structure

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

11 hours ago

INS 312 Theory Questions: The Evolution, Classification, and Objectives of Pension Systems in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

11 hours ago