This tropical sub-Saharan country depends on agriculture. These included aids and grants to support development projects and goods imported under a financial agreement with foreign partners. The West African Unit of Account (WAUA) is the authorised currency used in ECOWAS. The protocol stipulates that the taxable base shall be all goods originating from third countries (non-ECOWAS countries) imported into the community. According to documents from a presentation by the ECOWAS Commission to Parliament at Plenary during its Virtual Second Extraordinary Session, Nigeria paid 853,310,564 UA (West Africa Unit of Account) for the period under review.
The Economic Community of West African States, also known as ECOWAS, is a regional political and economic union of fifteen countries located in West Africa.Collectively, these countries comprise an area of 5,114,162 km 2 (1,974,589 sq mi), and in 2015 had an estimated population of over 349 million. Nigeria’s payment represents 40.42 per cent of the total payment of 2,913,088,908 dollars payment made by all the 15 member states, and is higher than payments made by 12 other countries put together except Ghana and Cote d’Ivoire. According to documents from a presentation by the ECOWAS Commission to Parliament at Plenary during its Virtual Second Extraordinary Session, Nigeria paid 853,310,564 UA (West Africa Unit of Account) for the period under review. Benin covers an area of around 115,000 sq km. Based on the assessment, if all countries had paid in full, the sub-regional body would have gotten more than 3,710 billion dollars as against the 2,913 billion dollars paid, leaving a deficit of 797,215 million dollars. At the time of its formation it had 15 members. The Federal Government has paid over 1,177 billion dollars to the Economic Community of West African States (ECOWAS) as its Community Levy contribution in the last 16 years. Ghana’s payment represents 17.45 per cent of the total sum, Cote d’Ivoire 11.9 per cent, while the cumulative payment by the other 12 countries represents 30.1 per cent.

  Within the period under review, Guinea Bissau paid the lowest amount of 6, 204 million dollars, representing 0.2 per cent of total community levy proceeds in the 16 years under review. A tale of three presidents and subsidy removal, For and against the quest for a president of Igbo extraction (3). However, the Community Levy Protocol took effect in 2003 when all member states started its application. ECOWAS PHOTO: PIUS UTOMI EKPEI/AFP/GETTY IMAGES. A further look into the community levy data showed that many countries were yet to pay the total sum from their community levy assessments. A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc. Ghana paid about 508,577 million dollars, Cote d’Ivoire 347,262 million dollars, while Benin, Burkina Faso, Cape Verde, Guinea, Guinea Bissau, Gambia, Liberia, Mali, Niger, Senegal, Sierra Leone and Togo paid a total of 879,711 million dollars. Based on this assessment, Nigeria had paid 64 per cent of its payments, leaving an outstanding of 36 per cent. Within the period under review, Guinea Bissau paid the lowest amount of 6, 204 million dollars, representing 0.2 per cent of total community levy proceeds in the 16 years under review. The protocol stipulates that the taxable base shall be all goods originating from third countries (non-ECOWAS countries) imported into the community. The region includes 16 countries. Nigeria has paid more than 1,177 billion dollars to the Economic Community of West African States (ECOWAS) as its Community Levy contribution in the last 16 years. privacy policy and European users agree to data transfer policy. To enable commenting and other interactive features, please switch to the more advanced . Ghana paid about 508,577 million dollars, Cote d’Ivoire 347,262 million dollars, while Benin, Burkina Faso, Cape Verde, Guinea, Guinea Bissau, Gambia, Liberia, Mali, Niger, Senegal, Sierra Leone and Togo paid a total of 879,711 million dollars.

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