Nigeria has fulfilled its {financial} obligations to the {Economic} Neighborhood of West African States (ECOWAS) with the cost of 100% of its neighborhood levy for 2023, the primary time in 19 years.
The cost, amounting to $85.54 billion, additionally included the levy for 2024 as much as July.
The announcement was made by the President of the ECOWAS Fee, Dr. Omar Touray, in the course of the 66th Strange Summit of the ECOWAS Authority of Heads of State and Authorities, held on the State Home in Abuja on Sunday.
Dr. Touray expressed gratitude for Nigeria’s renewed dedication, highlighting the importance of the cost.
“That is the primary time in 19 years that Nigeria has met its obligation in full. This outstanding contribution underscores the management and dedication of President Bola Ahmed Tinubu, the federal government, and the individuals of Nigeria to the ECOWAS neighborhood,” he mentioned.
The cost, made on Friday, December 13, 2024, indicators Nigeria’s dedication to regional integration and cooperation.
Dr. Touray emphasised that the transfer displays confidence in ECOWAS beneath his management since 2022 and units a optimistic tone for strengthening ties amongst member states.
He inspired different member-states to fulfill their {financial} commitments diligently.
Nigeria’s full settlement of its levy is predicted to bolster ECOWAS’ capability to handle regional challenges and implement its applications successfully, marking a major milestone within the nation’s relationship with the West African bloc.
