The Nigerian Government has fully settled its Economic Community of West African States (ECOWAS) levy obligations amounting to N85 billion and $54 million, covering the year 2023 and up to July 2024.
This announcement was made by Dr. Omar Touray, President of the ECOWAS Commission, during the opening of the 66th Ordinary Session of the Authority of Heads of State and Government held at the Banquet Hall of the Presidential Villa, Abuja.
“For the first time in 19 years, Nigeria decided to pay 100 percent of its community levy up to 2023,” Touray revealed.
He added, “The money was paid on Friday, December 13, 2024. This payment underscores the leadership and commitment of President Bola Ahmed Tinubu, the government and the people of Nigeria to the ECOWAS community. At a more personal level, it underscores a mark of confidence in the ECOWAS that I have been privileged to lead since 2022. My colleagues and I are deeply grateful.”
In his opening remarks, President Tinubu emphasized the strength of ECOWAS lies in the unity of its member states, highlighting the shared vision that led to the formation of the community.
He stated, “The world is confronted with challenges raging from crisis, from Sudan, Middle East and violent extremism and environmental challenges. Many of the challenges have impacted our region and the reality underscores the reality of working together.”
The 66th session brought together regional leaders to discuss ongoing issues and reinforce the importance of collaboration in addressing the challenges faced by West Africa.
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