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What Would ECOWAS Lose by the Withdrawal of Mali, Burkina Faso, Niger?

On January 28, Burkina Faso, Niger, and Mali announced their withdrawal from the Economic Community of West African States (ECOWAS) in a joint communiqué. The three countries cited the regional bloc's failure to "support our states in our existential fight against terrorism and insecurity."
The withdrawal of the Alliance of Sahel States (AES) members from ECOWAS was recently described by Burkinabe Prime Minister Apollinaire Joachim Kyelem de Tambela as a "historic decision" that responds to the expectations and aspirations of the peoples of Burkina Faso, Mali and Niger to achieve full sovereignty.
While ECOWAS is expected to lose at least $74 million annually as a result of Burkina Faso, Mali, and Niger's withdrawal from the bloc, according to Burkinabe officials, the bloc is also expected to lose in terms of its geographic scope, population, and reduction of its collective GDP.
Check out Sputnik Africa's infographic for more details!