By Akinwale Kasali
After 19 years, Nigeria has paid its Economic Community of West African States, ECOWAS, backlog levy in the tune of amounting to N84b and $58m.
The payment is 100% of Nigeria’s community levy for 2023 and also included the levy for 2024 up to July.
The announcement was made by the President of the ECOWAS Commission, Dr. Omar Touray, during the 66th Ordinary Summit of the ECOWAS Authority of Heads of State and Government, held at the State House in Abuja on Sunday.
Dr. Touray expressed gratitude for Nigeria’s renewed commitment, highlighting the significance of the payment.
“This is the first time in 19 years that Nigeria has met its obligation in full. This remarkable contribution underscores the leadership and commitment of President Bola Ahmed Tinubu, the government, and the people of Nigeria to the ECOWAS community,” he said.
The payment, made on Friday, December 13, 2024, signals Nigeria’s dedication to regional integration and cooperation.
Nigeria’s full settlement of its levy is expected to bolster ECOWAS’ capacity to address regional challenges and implement its programs effectively, marking a significant milestone in the country’s relationship with the West African bloc.
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