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    MarketForces Africa » MarketForces News » FG Clears N85bn, $54m ECOWAS Community Levy

    FG Clears N85bn, $54m ECOWAS Community Levy

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 15, 2024Updated:December 16, 2024 News No Comments2 Mins Read
    FG Clears N85bn, $54m ECOWAS Community Levy
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    FG Clears N85bn, $54m ECOWAS Community Levy

    The Federal Government (FG) has paid its ECOWAS community levy of N85 billion and 54 million dollars representing 2023 and up to July 2024.

    Dr Omar Touray, President of the ECOWAS Commission, said this on Sunday, during the opening of the 66th Ordinary Session of the Authority of Heads of State and Government, at the Banquet Hall, Presidential Villa, Abuja.

    “For the first time in 19 years, Nigeria decided to pay 100 per cent of its community levy up to 2023.

    “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,” he said.

    In his opening remark, President Tinubu said the strength of the commission was in the unity of members, and ECOWAS was born out of a shared vision to create a community for citizens.

    He said, “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.” #FG Clears N85bn, $54m ECOWAS Community Levy#

    Naira Plummets, CBN Intervenes in FX Market 3 Times

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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