For the first time in 19 years, Nigeria has fully met its financial obligations to the Economic Community of West African States (ECOWAS) by paying 100 per cent of its community levy.
The payment, totalling ₦84 billion and $54 million, covers Nigeria’s contributions for 2023 and extends through July 2024.
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 on Sunday at the Old Banquet Hall of the Presidential Villa, Abuja.
Dr Touray described the payment, completed on Friday, 13 December 2024, as a historic milestone in Nigeria’s commitment to regional integration and development.
He said, “For the first time in 19 years, Nigeria has paid 100 per cent of its community levy, covering 2023 and extending to July 2024. The total payment amounts to ₦84 billion and $54 million. This underscores the leadership and dedication of President Bola Ahmed Tinubu, the government, and the people of Nigeria to the ECOWAS community.”
Dr Touray credited the achievement to the leadership of President Tinubu, whose administration prioritised fulfilling Nigeria’s obligations to the regional body.
“This payment is a mark of confidence in the ECOWAS that I have been privileged to lead since 2022. My colleagues and I are deeply grateful for Nigeria’s steadfast support,” he added.
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