ECOWAS: After 19 years Nigeria Finally Clears N85bn, $54m Levy

Amid the impending withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS), Nigeria has reaffirmed its commitment to the regional bloc by making its first full ECOWAS levy payment in 19 years.

During the 66th Ordinary Summit of ECOWAS held in Abuja, Omar Touray, President of the ECOWAS Commission, announced that Nigeria had contributed N85.54 billion and $54 million for 2023 and part of 2024.

The payment, made on December 13, 2024, was described by Touray as “a vote of confidence” in ECOWAS and a demonstration of Nigeria’s leadership in West Africa.

The announcement came as Burkina Faso, Mali, and Niger reiterated their plans to leave ECOWAS by 2025. The military-led governments of these countries had initially declared their withdrawal earlier this year, citing their dissatisfaction with the bloc’s policies and responses to regional crises.

Touray highlighted Nigeria’s renewed financial commitment as crucial for advancing ECOWAS efforts in regional integration and development, particularly at a time when the bloc faces significant challenges. “This payment underscores Nigeria’s dedication to strengthening ECOWAS amidst the shifting dynamics in the region,” he said.

President Bola Ahmed Tinubu, who chaired the summit, praised Nigeria’s proactive role in ECOWAS, emphasizing its importance in fostering unity and stability in West Africa. He also expressed hope that the bloc could navigate the current challenges, including the departure of three member states, while remaining steadfast in its mission to promote economic and political cooperation.

The dual developments mark a pivotal moment for ECOWAS, with Nigeria stepping up its commitment as the organization braces for the exit of Burkina Faso, Mali, and Niger. This highlights the contrasting paths being taken by member states in shaping the future of the regional body.