The ECOBANK is the initiative of?

The question is asking about the initiative behind the establishment of ECOBANK. ECOBANK is a financial institution, and the question wants to know who started it.

The options are:

Option A: some well-meaning Nigerian shareholders

Option B: the Federal Government of Nigeria

Option C: West African states to foster trade (Correct)

Option D: the Lagos State Government to enhance capital mobilization

The correct answer is Option C: West African states to foster trade.

ECOBANK was established as an initiative of West African states to promote trade within the region. It was created to facilitate financial transactions and support economic growth among the countries in West Africa. ECOBANK plays a vital role in providing banking services and facilitating trade between West African countries.

The other options, Option A, Option B, and Option D, are not correct. ECOBANK was not started by some well-meaning Nigerian shareholders, the Federal Government of Nigeria, or the Lagos State Government. It was a joint effort by multiple West African states.

Understanding the origin and purpose of ECOBANK is essential in studying commerce and understanding how financial institutions contribute to economic development and regional trade.